AdvTech releases strong results on the back of continued demand for private education in South Africa.
Private school and tertiary education administrator AdvTech has noted a strong demand for private education in South Africa, with double-digit revenue growth and over 93,000 enrolments for 2024.
Across AdvTech’s schools and tertiary institutions, enrolment grew by 6% to 93,728 students at the end of 2023 – comprising a 7% increase in tertiary division enrolments and a 4% increase in its high schools.Locally, AdvTech noted revenue increased by 13% to R2.
Equally, Rosebank College acquired additional capacity at its mega-campuses in Braamfontein and Pretoria and opened a new digitally enabled campus in Mbombela in January 2024.AdvTech also crossed a significant financial milestone, with it now generating more cash than is needed to fund its investments.
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