ADvTECH makes more money with tertiary education than it does with its schools, according to results it released on Monday.
Revenues generated by schools grew by 13.5% to R1.9 billion, though operating profit fell by 13% to R299 million.
Total group revenue stood at R4.1 billion for the year to 31 December.
The company blames the effects of emigration, as well as “semigration”, on muted growth in student numbers.
The Money Show’s Bruce Whitfield interviewed ADvTECH CEO Roy Douglas.
For more detail; listen to the interview in the audio below.
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
Recommendedby NEWSROOM AI
The Money Show’s Bruce Whitfield interviews Magda Wierzycka, CEO at Sygnia Group.
Chicken Licken’s latest ad flame-grills the most recent one by Nando’s, says Nicholas Kühne of Wunderbrand.
GDP growth of 2.2% was not enough to stop the bleeding. Bruce Whitfield interviews Peter Worthington, Senior Economist at Absa.
Small business guru Pavlo Phitidis from Aurik Business Accelerator broke the internet with these helpful articles.
Some were good, some were great, many were just plain awful. They all went viral.
Making ends meet, investments, property, debt, financial freedom… these were the very best "your money" articles of the year.
Know someone who’d appreciate a business book for Christmas? These were the best ones of the year…
While South Africans are sitting in the dark million tons of coal is shipped to other countries like China, Japan and India.
Khabazela shares tweets and Facebook posts that have gone viral.
Political analyst Steven Friedman says corrupt people use anti-corruption campaigns to neutralise those fighting corruption.
ANC Women's League says Mabe must be suspended pending the outcome of a sexual harassment complaint lodged against him.
Ray White interviews Pauli van Wyk, an investigative journalist with Scorpio at Daily Maverick.
In a letter seen by Eyewitness News a 26-year-old woman says Mabe wanted to have sex with her in exchange for a job as his PA.
Journalist Pauli van Wyk outlines how VBS approved Brian Shivambu’s R1. 46m home loan, with a little help from his brother.
South African legend, musician Johnny Clegg talks about the moving recording of his track The Crossing by over 50 artists.