Curro, through its wholly owned subsidiary, Stadio, has acquired 100% of the issued share capital of film school, AFDA.<\/p>\n
AFDA is a South African registered higher education institution, with 9 accredited programmes (ranging from higher certificates to masters\u2019 degrees) primarily focused on the film, television and live performance industry. It is rated as the number one film school in Africa.<\/p>\n
Founded by Garth Holmes and Bata Passchier, AFDA has grown from 6 students in 1994 to approximately 2 000 students in 2017, with campuses in Gauteng, Cape Town, Durban and Port Elizabeth.<\/p>\n
In 2016, AFDA launched a Bachelor of Commerce in Business Innovation as well as a Bachelor of Computer Technology, as part of its strategy to expand its product offering as well as to meet the demands and opportunities of the creative economy.<\/p>\n
In addition, AFDA is in the process of seeking out opportunities to expand its offerings geographically, Curro said.<\/p>\n
“This strategy is aligned with Stadio\u2019s strategy of creating further access to tertiary education through the expansion and development of its core brands,” the company said in a statement.<\/p>\n
Curro re-affirmed its intention to unbundle and list its tertiary education business Stadio Holdings separately during the course of this year.<\/p>\n
The Acquisition is subject to the fulfilment of certain conditions precedent, including the approval of the Competition Tribunal.<\/p>\n