{"id":837198,"date":"2025-09-09T16:32:21","date_gmt":"2025-09-09T14:32:21","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=837198"},"modified":"2025-09-10T13:10:49","modified_gmt":"2025-09-10T11:10:49","slug":"capitec-billionaires-private-school-buyout-has-a-big-draw-for-investors","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business-opinion\/837198\/capitec-billionaires-private-school-buyout-has-a-big-draw-for-investors\/","title":{"rendered":"Capitec billionaire&#8217;s private school buyout has a big draw for investors"},"content":{"rendered":"\n<p>South African billionaire Jannie Mouton is looking to purchase private school group Curro\u2014with investors drawn to the deal as it offers discounted access to Capitec shares.&nbsp;<\/p>\n\n\n\n<p>Mouton plans to acquire Curro via the Jannie Mouton Foundation, which was established as a Public Benefit Organisation (PBO), in a deal worth up to R7.2 billion.&nbsp;<\/p>\n\n\n\n<p>Mouton is a renowned businessman in South Africa and played a crucial role in creating Capitec Bank, PSG Group, PSG Financial Services, and Curro.&nbsp;<\/p>\n\n\n\n<p>Curro Holdings Limited is the nation\u2019s largest independent school network, with over 70,000 students. The foundation already owns around 3%&nbsp;<\/p>\n\n\n\n<p>The foundation plans to build more schools, expand facilities and offer bursaries as per the offer. Curro will become a registered PBO, and the management team is expected to remain on board.&nbsp;<\/p>\n\n\n\n<p>Curro\u2019s growth will be accelerated via reinvestment of its potential returns\/surplus.&nbsp;<\/p>\n\n\n\n<p>\u201cFor the foundation, acquiring Curro represents a game-changing R7.2 billion donation in quality education- quite possibly the largest philanthropic contribution South Africa has ever seen,\u201d said Mouton.<\/p>\n\n\n\n<p>\u201cOver time, this will open the door for thousands more children to attend Curro schools through bursaries, broadening access to excellent education.\u201d<\/p>\n\n\n\n<p>\u201cAt the same time, Curro shareholders stand to benefit from a 60% premium on the current market price, ensuring that both education and investors gain from this bold initiative.\u201d<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Capitec on offer<\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/07\/capitec-bank.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/07\/capitec-bank-1024x576.jpg\" alt=\"\" class=\"wp-image-831079\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/07\/capitec-bank-1024x576.jpg 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/07\/capitec-bank-300x169.jpg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/07\/capitec-bank-768x432.jpg 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/07\/capitec-bank.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure><\/div>\n\n\n<p>The foundation&nbsp;seeks to acquire all the Curro Shares with an offer of R13 per Scheme Share, which includes:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Cash Consideration of R0.85837 per Scheme Share (which will comprise approximately 6.6% of the Scheme Consideration)<\/li>\n\n\n\n<li>Capitec Shares in the ratio of 0.00284 Capitec Shares per Scheme Share (which will comprise approximately 79.7% of the Scheme Consideration);&nbsp;<\/li>\n\n\n\n<li>PSG Financial Services Shares in the ratio of 0.07617 PSG Financial Services Shares per Scheme Share (which will comprise approximately 13.7% of the Scheme Consideration).<\/li>\n<\/ul>\n\n\n\n<p>Speaking to Business Day TV, <a href=\"https:\/\/www.youtube.com\/watch?v=wvTf2OSiIfc\">Cobus Potgieter from Southern Cross Capital<\/a> said that purchasing Curro now can give investors a cheap access point to Capitec.&nbsp;<\/p>\n\n\n\n<p>Potgieter believes there is a high degree of certainty that the Mouton deal will take place by the end of the year.&nbsp;<\/p>\n\n\n\n<p>Those who purchase 100,000 Curro Shares will receive around 280 Capitec shares, over 7,000 PSG Financial Services shares and R85,000 in cash.\u00a0<\/p>\n\n\n\n<p>The Mouton offer represents around a 4% discount despite a rapid rise in Curro&#8217;s share price as investors buy ahead of the probable deal. <\/p>\n\n\n\n<p>Potgieter said the deal is especially attractive for investors looking for a cheap entrance into Capitec, given that it works out to around 80% of the overall package.&nbsp;<\/p>\n\n\n\n<p>While Curro faced challenges during the 2025 financial year, including losing students and seeing minimal earnings growth, Capitec remains a favourite among investors.&nbsp;<\/p>\n\n\n\n<p>Capitec has regularly taken the mantle of South Africa\u2019s most valuable bank at a value north of R400 billion, often changing places with FNB-owner FirstRand.&nbsp;<\/p>\n\n\n\n<p>Capitec has close to 25 million customers and continues to see rapid profit growth.&nbsp;<\/p>\n\n\n\n<p>In a recent trading statement to shareholders, the group expects headline earnings to jump between 22% and 27% to 6,764 cents and 7,041 cents per share for the six months ending 31 August 2025.<\/p>\n\n\n\n<p>It said this reflects a stellar performance across all its business units, with all businesses contributing positively to the expected financial results.<\/p>\n\n\n\n<p>The group added that disbursements increased and the annualised credit loss ratio remained stable.&nbsp;<\/p>\n\n\n\n<p>\u201cTogether with growth in the net investment portfolio, this has led to an increase in net interest income after credit impairments,\u201d said Capitec.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/09\/image-14.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"544\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/09\/image-14-1024x544.png\" alt=\"\" class=\"wp-image-837224\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/09\/image-14-1024x544.png 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/09\/image-14-300x159.png 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/09\/image-14-768x408.png 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/09\/image-14.png 1258w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure><\/div>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/09\/image-20.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"537\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/09\/image-20-1024x537.png\" alt=\"\" class=\"wp-image-837228\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/09\/image-20-1024x537.png 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/09\/image-20-300x157.png 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/09\/image-20-768x402.png 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/09\/image-20.png 1126w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure><\/div>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/09\/image-18.png\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"578\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/09\/image-18-1024x578.png\" alt=\"\" class=\"wp-image-837226\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/09\/image-18-1024x578.png 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/09\/image-18-300x169.png 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/09\/image-18-768x434.png 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/09\/image-18.png 1158w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure><\/div>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n","protected":false},"excerpt":{"rendered":"<p>Curro&#8217;s share price has skyrocketed following the news of Jannie Mouton&#8217;s possible buyout, with Capitec shares making up the majority of the offer. <\/p>\n","protected":false},"author":95,"featured_media":818319,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[1798,8043,23466,23568],"class_list":["post-837198","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-opinion","tag-capitec","tag-curro","tag-psg-financial-services","tag-southern-cross-capital"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/837198","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=837198"}],"version-history":[{"count":8,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/837198\/revisions"}],"predecessor-version":[{"id":837288,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/837198\/revisions\/837288"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/818319"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=837198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=837198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=837198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}