Despite some families taking strain and struggling to keep up with fees, Curro has seen a spike in revenues.
CEO at Curro Holdings Andries Greyling explains how Curro's business models has managed to help salvage the business, as well as how its venture into the 'sub R 2000 fee model' has also contributed to good growth.
Interestingly the academy which is the lower fee market grew 25% on their learner numbers. We not immune to challenges in the economy so we also salvage from our side.— Andries Greyling, CEO - Curro Holdings
He says however the higher fee formats are taking strain.
Those schools are quite higher than the academies. It seems like parents in the lower fee market are paying school fees. The turn rate and the growth in our academies is quite higher than those of the higher and traditional Curro fees.— Andries Greyling, CEO - Curro Holdings
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