Share

Curro confirms negotiations with Advtech

Johannesburg - Curro Holdings [JSE:COH], an operator of private schools in South Africa, said it’s in talks with Advtech as the company seeks to take advantage of demand for private education in the country.

Advtech [JSE:ADH] shares rose to an record.

“Further to press reports and public speculation, Curro confirms that it is in discussions with Advtech Limited,” the Johannesburg-based company said in a statement on Wednesday.

South Africa’s education system was ranked the fifth-worst among 144 countries in a survey by the World Economic Forum last year, increasing the attraction of private schooling for those who can afford it.

The school pass rate for final-year students fell for the first time in five years in 2014 after changes to the curriculum.

Advtech shares rose as much as 7.1% and were up 4.9% to R11.75 as of 11 a.m. in Johannesburg, giving the company a market value of R5.35bn. Curro fell 0.4% to R33.85.

We live in a world where facts and fiction get blurred
Who we choose to trust can have a profound impact on our lives. Join thousands of devoted South Africans who look to News24 to bring them news they can trust every day. As we celebrate 25 years, become a News24 subscriber as we strive to keep you informed, inspired and empowered.
Join News24 today
heading
description
username
Show Comments ()
Rand - Dollar
18.93
-0.1%
Rand - Pound
23.90
-0.0%
Rand - Euro
20.44
+0.1%
Rand - Aus dollar
12.34
+0.1%
Rand - Yen
0.13
-0.1%
Platinum
904.58
+0.9%
Palladium
1,012.82
+1.1%
Gold
2,218.03
+1.1%
Silver
24.80
+0.7%
Brent Crude
86.09
-0.2%
Top 40
68,346
+1.0%
All Share
74,536
+0.9%
Resource 10
57,251
+2.9%
Industrial 25
103,936
+0.6%
Financial 15
16,502
-0.1%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot
Editorial feedback and complaints

Contact the public editor with feedback for our journalists, complaints, queries or suggestions about articles on News24.

LEARN MORE
Government tenders

Find public sector tender opportunities in South Africa here.

Government tenders
This portal provides access to information on all tenders made by all public sector organisations in all spheres of government.
Browse tenders