The private higher education group says enrolments so far in 2020 have outperformed expectations
Private higher education group Stadio’s share jumped by almost a third on Wednesday, after it reported that student enrolments so far in 2020 had outperformed expectations.
Unlike Curro, which recently announced a R1.5bn capital raise, Stadio said on Wednesday it did not foresee a need to raise capital. The group is also facing additional acquisition costs related to its purchase of CA Connect. The acquisition had conditions related to profit targets, though the group did not go into detail and enrolments have been better than expected.
“With many of Stadio’s courses actually tailored to the world of work and offering credentials to allow participants to be better prepared to start or enhance a career, Stadio is better placed in the education sector, as learners will happily pay to enhance career opportunities,” said Clark.
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