Parents are thinking differently, says Stadio, as student numbers beat targets | Fin24
says it has observed a paradigm shift in the way South African parents perceive the quality of private tertiary education, and this change is driving demand at a much faster pace than it anticipated when it listed in 2017.
In its prelisting presentation in September 2017, Stadio told investors that it was targeting 16 577 students by 2019 and its prelisting statement aimed for 56 000 students by 2026. The group, which counts Milpark Education, AFDA and Prestige Academy among its brands, is now building two multi-faculty campuses in Centurion and Durbanville, which will respectively open in 2021 and 2022. Van der Merwe said the group thinks it can comfortably accommodate 100 000 students, 25% of which will be contact learners and 75% distance learning students, if it builds two more multi-faculty campuses in future.
Currently, Stadio’s tuition for contact or full-time students is around R50 000 a year, and for distance learners, the cost is around R22 000, on average.
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