Johannesburg, 3 October 2017: Today Stadio Holdings Limited (JSE:SDO) listed in the Specialised Consumer Services sector on the main board of the JSE. Stadio is the 15th company to list on the JSE this year.
Donna Nemer, Director: Capital Markets at the JSE, says the exchange is proud to welcome Stadio to the market. "Education, and especially accessible tertiary education, is crucial to ensuring that South Africa has the skills necessary to foster economic growth and reduce inequality. The JSE is honoured to be able to contribute to the growth of this sector by providing a company like Stadio with access to a secure, transparent and highly liquid platform for capital raising."
Stadio is an investment holding company that focusses 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 Southern Africa.
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 greenfield development of new campuses.
Stadio CEO, Dr Chris van der Merwe, says he is excited about the prospects for the company that can 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," Dr 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.
(From Left to Right): Khaya Sithole, Board member independent non exec director; Divya Singh, Chief Academic officer; Dries Mellet, Alternate non exec director; Nico DeWaal, CEO and PSG Alpha non Exec director; Chris van der Merwe, CEO of Curro Holdings; Johan Holtzhauzen, MD PSG Capital; Samara Totaram, CFO; Andrew Horsfall, Group Exec Business Services; Theuns Laubscher, Group Exec Distance Learning.
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