After reporting a 44% rise in half-year headline earnings, South African private education firm Curro Holdings has announced its intentions to invest 223 million rand ($14.66 million) to open four more campuses. For the six months ended June 30, Curro’s recorded a revenue growth of 19% to touch 1.48 billion rand. Curro has a major expansion plan at an estimated investment of 1 billion rand in 2019. The statement said “The board believes Curro is positioned for growth and will focus on increasing utilization of the existing school infrastructure capacity in the short to medium term,”
Curro, established in 1998, runs schools and tertiary institutions in South Africa, Botswana, and Namibia. It gained popularity as parents desperately started looking for options other than the under-resourced, over-crowded state-run schools.
