Stadio in agreement to buy land worth R110m in Centurion for new private university | Fin24
 
  • New Notes

    Long queues have formed in Harare after Zimbabwe released new bank notes and coins.

  • Open Book

    Former President Jacob Zuma says the public protector can access his tax records.

  • Electricity

    Sowetans should pay rate of R150/month to foster a payment culture, says an ANC councillor.

Loading...

Stadio in agreement to buy land worth R110m in Centurion for new private university

Oct 01 2019 16:23
Jan Cronje

Private higher education investment company Stadio has entered into an agreement to buy 5.2 ha of land for R110m in Centurion to build a 4 000-person "multiversity" which it hopes will open in 2021.

In an update to shareholders on Tuesday, the JSE-listed group said the purchase is subject to confirmation that the two erven (of 2.5 ha and 2.7 ha) have been successfully rezoned to a "place of instruction". 

The group, which runs a number of smaller tertiary education institutions such as film and performing arts school AFDA, is betting that private higher education in SA has plenty of room to grow. It previously said that only 15% of tertiary students in SA attend private institutions, far below the international average of around 35%.

Stadio hopes to have three comprehensive private universities up and running by 2026, and a total of 100 000 students across all its institutions. 

In 2018, it purchased 7.8 ha of vacant land in Durbanville, Cape Town, for a university which it hopes will attract between 4000 and 5000 students.

stadio
NEXT ON FIN24X

 
 
 
 

Company Snapshot

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

What do you think about private healthcare in SA?

Previous results · Suggest a vote

Loading...