I’m not sure who is more determined to concoct the most obscure names for their investment offshoots, PSG Group or Hosken Consolidated Investments (HCI). In recent years HCI has given us Deneb, Montauk and Niveus, while PSG unleashed Zeder and Curro. Last week PSG disclosed that the tertiary offshoot from Curro that is to be listed on the JSE later this year will be branded as Stadio Holdings. According to PSG’s investment brochure, Stadio "could be interpreted to mean ‘stage’, ‘phase’ or ‘stadium’". There’s not too much nitty-gritty detail in PSG’s investment presentation around Stadio. But sharp-eyed investors may find the asterisk attached to the reference to growing the tertiary segments from 1,000 students to 50,000 as an initial target, and then 100,000 in the longer term.The asterisk refers to pending acquisitions, which should add an additional element of excitement to Stadio’s listing. In terms of organic expansion, Stadio’s Durban campus will increase from 1,000 to 2,600 s...
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