JOHANNESBURG - Stadio Holdings Limited (JSE:SDO) has been listed
in the Specialised Consumer Services sector on the main board of the JSE on
Tuesday.
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 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”.
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. 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 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 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.
Chris van der Merwe, CEO of Curro Holdings.“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.