New private ‘university’ coming to South Africa

 ·19 Jun 2024

JSE-Listed Stadio Holdings will build a new contact learning campus in Cape Town.

In a voluntary business update at the group’s Annual General Meeting, the group said it will start construction on its second comprehensive campus in Durbanville, Cape Town, in the year’s second half.

Construction will be funded 50% through long-term debt and 50% through cash reserves.

Stadio Centurion’s campus saw 52% growth in students, confirming the group’s decision to start construction of the second comprehensive campus.

The new physical campus will join the group’s other campuses in Bellville, Musgrave, Randburg, Hatfield and Waterfall.

Source: Stadio

Overall, the group saw its student numbers increase by 8% to 46,300 in total, which it said was satisfactory considering the challenging economic environment.

When excluding the Milpark Education B2B business, growth in total student numbers was 15%, and
distance learning student numbers was 16%.

Distance learning student numbers also grew by 8% per annum to 40,017, with the second-semester intake underway.

“An overall 8% growth in contact learning student numbers is positive, especially considering the
lower contact learning student numbers in the past two years, which negatively impacts the returning
student numbers in the current year,” said the group.

The group said its Higher Education’s contact learning strategy is working, with total contact learning student numbers up 16% and new contact learning students up 14%.

The group’s student numbers can be found below:

Source: Stadio

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