The rapid growth of private education is an amazing opportunity for academics, students, companies and capital. But we must not forget what the rise of such good companies hides from view.
Just a few months ago, when the price of oil was still around $60 a barrel, I commented on the fact that our middle class spends a lot of time asking each other which The school they went to.
Although the old, traditional suburban schools still have a somewhat awkward hold, the area is changing incredibly quickly.
And, finally, it looks like our higher education sector is also undergoing massive change.
I must say, I've always found it quite strange that there aren't more players in private education. I am sure that, like me, you will do anything, including giving up your last liter of fuel, to ensure that your children get a proper education.
Something that helps them become happy, healthy and productive as they become adults.
Which means that the potential market for private schools and then private higher education is virtually every parent everywhere.
This Morning Education Group AdvTech announced that its operating profitThis increased by 14% to more than R2-billion. Revenue from its schools division rose 10%, while its higher education section grew 13%.
Looking at their financial numbers,…