Steep (l)earning curve

DURBANVILLE headquartered private school venture Curro Holdings – which is controlled by PSG Group – is giving new meaning to the phrases “earning by learning.”Curro pushed revenue up 24% to R82m in the half-year to end June, while profits rose 27% to R259m.


Cape deal storm

There has been a flurry of corporate activity amongst Western Cape-based companies in the last few weeks with deals worth billions of rand being banked across a wide variety of sectors.


Curro gearing up for a big one?

Stellenbosch-based private schools operator Curro Holdings is seemingly anticipating acceleration in its already rapid growth – so much so that the directors see the need to raise a batch of fresh capital again. This is the fifth time in just five years that the company – which is controlled by respected investment house PSG – has needed to tap its shareholders for additional cash.


PSG: locked and loaded

AFTER a period of introspection, the PSG Group – the R15bn Stellenbosch-based investment house – looks ready to go on the offensive again. In June the company – regarded as one of the most adventurous (and one if the most successful) investors in SA – managed to raise R920m in a quick book-build exercise. PSG could have raised well over R1.1bn, but turned away investors that pitched too low for the new shares on offer.


GCR maintains PSG financial services rating on A (ZA)

Global Credit Ratings (GCR) has maintained the financial rating outlook of PSG Group (PSG) at an A level.This is according to Eyal Shevel, Head of the Corporate Sector at GCR, who says strong growth in the value of underlying businesses has seen the sum-of-the-parts valuation increase more than three-fold over the five-year review period to R17.3bn at 1H F14.

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