{"id":838981,"date":"2025-10-03T10:30:00","date_gmt":"2025-10-03T08:30:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=838981"},"modified":"2025-10-03T20:15:42","modified_gmt":"2025-10-03T18:15:42","slug":"date-set-for-south-african-billionaires-r7-2-billion-deal-to-buy-private-school-giant","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/838981\/date-set-for-south-african-billionaires-r7-2-billion-deal-to-buy-private-school-giant\/","title":{"rendered":"Date set for South African billionaire’s R7.2 billion deal to buy private school giant"},"content":{"rendered":"\n

South African billionaire Jannie Mouton’s foundation looks set to acquire JSE-listed Curro for R7.2 billion, with more details on the possible deal given to shareholders.<\/p>\n\n\n\n

Shareholders will vote on the deal at a general meeting scheduled for 31 October, which, if approved, will see Curro delisted in early December.<\/p>\n\n\n\n

Mouton is one South Africa\u2019s richest men and founded the PSG Group, which would go into support many successful businesses, including Capitec, PSG Financial Services and Curro. <\/p>\n\n\n\n

Curro Holdings is South Africa\u2019s largest independent school network with over 70,000 students.<\/p>\n\n\n\n

The Jannie Mouton Foundation, a Public Benefit Organisation (PBO), plans to acquire Curro.\u00a0The trust already owns around 3.0% of Curro.<\/p>\n\n\n\n

Mouton established the trust in 2004 as a vehicle to invest money in education for South Africans. <\/p>\n\n\n\n

He has since personally donated a large part of his wealth to the trust, with the aim of creating a charitable foundation. <\/p>\n\n\n\n

The foundation’s aim is to position Curro as an ever-evolving independent education institution that uses its funds to build more schools, expand facilities and offer bursaries.<\/p>\n\n\n\n

South Africa has opportunities to build and operate more schools and enhance quality educational outcomes nationwide. <\/p>\n\n\n\n

If the transaction proceeds, the Curro business will continue to grow independently, with the current management on board. Curro will also become a registered PBO and de-list from the JSE.<\/p>\n\n\n\n

The trust plans to accelerate Curro\u2019s growth by reinvesting its potential returns and surpluses, which will scale its offerings via new builds, expansions and the acquisition of new schools. <\/p>\n\n\n\n

Curro will also gradually add more bursaries and scholarships to expand access to more learners. <\/p>\n\n\n\n

As per the offer, Mouton plans to offer existing shareholders a small cash consideration, with existing shareholders instead given Capitec and PSG Financial Services shares. <\/p>\n\n\n\n

The offer works out to around R13 per share, and includes:  <\/p>\n\n\n\n