Sale of six private schools in South Africa for R172 million approved
Shareholders of Trematon Investments have voted in favour of selling the Generation Education group for a cash price of R172 million.
At a shareholders’ meeting on 14 October 2026, investors in Trematon voted on the sale of the private school group, with 98% in favour of the disposal.
The results of the shareholders’ meeting were announced by Trematon on the Stock Exchange News Service (SENS).
In its announcement, the company said the votes on “approving the Disposal were approved by the requisite majority of votes.”
The Generation Education group is being sold to the Education Investment Impact Fund of South Africa Proprietary Limited (Edufund), established in 2020.
The goal of Edufund is to simultaneously improve the quality of South Africa’s education and deliver competitive, risk-adjusted returns to investors.
For Trematon, the sale was approved because the school group did not meet early growth expectations, with the investment group expecting its value to be realised only after several years.
“The Generation Group has also not performed according to early growth expectations and, although it has potential, it will take several years to fully realise that potential,” the group said.
“Holding the Generation Group indefinitely does not, in the board’s view, offer shareholders a realistic path to realising that value.”
The sale also gives Trematon the opportunity to convert its investment in the school group into cash consideration.
The Generation Education Group primarily operates in the Western Cape, with a focus on learner-focused and organic teaching and learning.
“Our goal is to create opportunities to grow independent and critical thinkers, who have no limit to their learning,” the group said on its website.
The school group opened its first school in 2016 in Sunningdale, Cape Town, before expanding to have four additional campuses in the province.
The group also expanded into Gauteng in 2024, opening a campus in Modderfontein, Johannesburg.
The disposal of Generation Education was first announced in June 2026, when Trematon said it would dispose of both its direct and indirect interests in the group.
The group was a significant part of Trematon’s net asset value, but the company believed this was not fully reflected in its share price.
Therefore, the company decided that selling and distributing the resulting proceeds would result in value for shareholders.
While the disposal has been approved by Trematon’s shareholders, it is still subject to regulatory approval from the Competition Commission and Tribunal.
Photos of Generation Education Group
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