R740m for new Curro schools
May 15 th, 2015
Curro Holdings will construct new schools to meet its growing demand. This announcement was made on 11 May. The school has raised R740 million through its capital increase. The fund will finance the construction. The growing interest of the middle class in private education has encouraged the growing demand. SA’s public education system has been ranked among the worst performers on a global scale, according to a study conducted last year by the World Economic Forum. Curro schools have been under high surveillance following racial segregation allegations. Curro admitted their wrongdoing and set out to rectify the situation immediately. Curro Holdings now operates 40 private schools in SA.
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