Stadio is the 15th company to list on the JSE this year. Donna Nemer, Director: Capital Markets at the JSE, said the exchange was proud to welcome Stadio to the market.
“Education, and especially
accessible tertiary education, is crucial to ensuring that
Stadio is an investment
holding company that focuses on the acquisition of, investment in, growth and
development of higher education institutions to assist in meeting the demand
for quality and relevant higher education programmes in
Stadio is a subsidiary of
private education group Curro and comes to market after Curro’s decision to
unbundle its tertiary education businesses. It intends to acquire and grow
existing registered higher education brands, fund further expansions of
existing brands and oversee the
Stadio Chief Executive Officer, Dr Chris van der Merwe, said he was excited about the prospects for the company that could assist the nation by widening access to higher education.
“Our country needs to accommodate another million students in higher education if it wants to compete with global trends. In this regard we believe that Stadio can grow over time from the current 13 000 students to more than 100 000 students and in doing so provide South Africa with well qualified and equipped citizens who can help this country to achieve acceptable economic growth levels once again.
“This aim aligns with the National Development Plan of South Africa, which seeks to achieve 1.6 million students in the Higher Education space by 2030,” van der Merwe said.
Stadio brings the number of companies listed in the Specialised Consumer Services sector to 4. The sector has a total market capitalisation of just over R25 billion.
-BUSINESS REPORT ONLINE