Sign up for our free daily newsletter


Get the latest news and some fun stuff
in your inbox every day

ADvTech purchases Summit College

Some notable news out yesterday from AdvTech who announced Accelerates Growth Strategy With R82 Million Acquisition Of Summit College. You can understand why management were not keen to be taken over by Curro, they still have big growth plans for the company. There were two other big acquisitions relatively recent, with the R450 million Maravest purchase (4 443 students) on the 24 November 2014 and the Centurus Colleges acquisition of R712 million (3080 students) on the 16 September 2014. Summit College which is based in Kyalami has 590 students with the capacity to grow to 1 000.

This is a very exciting sector to be in and is well positioned to take advantage of the boom in the South African middle class as well as the increase in numbers of the current generation. From an outsider looking in, it would seem that Curro arriving on the scene and showing what can be done in the sector has awaken AdvTech. A bit of competition improving the RSA schooling sector.


Other recommended stocks     Other stories about ADH