Curro Holdings shareholders approved a R7.2 billion buyout by the Jannie Mouton Foundation with 99.98 percent support at a general meeting on Friday, Oct. 31, 2025. The deal, priced at R13 per share in a mix of Capitec shares, PSG Financial Services shares, and cash, carries a 60 percent premium and would lead to a delisting from the Johannesburg Stock Exchange by December if regulators in South Africa and Botswana grant approval. Curro, founded in 1998, is the country’s largest private school group with more than 180 campuses serving over 70,000 learners.
Backers say the non-profit shift will prioritize long-term social impact, expand bursaries, and reduce pressure for short-term profits by reinvesting in scholarships, facilities, and community programs. The foundation describes the transaction as a major philanthropic commitment to education. Supporters expect the structure to widen access for lower-income families, while critics warn that transparency could suffer outside the public markets. Curro says the move aligns with its mission to broaden access to quality education, and the company awaits clearance following a favorable shareholder vote.
Backers say the non-profit shift will prioritize long-term social impact, expand bursaries, and reduce pressure for short-term profits by reinvesting in scholarships, facilities, and community programs. The foundation describes the transaction as a major philanthropic commitment to education. Supporters expect the structure to widen access for lower-income families, while critics warn that transparency could suffer outside the public markets. Curro says the move aligns with its mission to broaden access to quality education, and the company awaits clearance following a favorable shareholder vote.
