It’s been three-and-a-half years since Stadio was spun out of its parent, the private schools operating group Curro Holdings. Since listing separately on the JSE, this private higher education provider has gone from strength to strength, growing revenue and profit and expanding its campus footprint.
Last year was another encouraging one for Stadio, with earnings rising 27% despite the Covid-19 pandemic posing challenges for education providers. This performance was driven partly by 9% growth in the number of students, now in the region of 38,000. The challenge is that traditional universities are filled to capacity and lack the ability and funding to serve the growing number of students. This is a huge opportunity for players such as Stadio. In addition, Unisa, one of Stadio’s biggest competitors in distance learning, is plagued with operational and administrative problems, which makes it ripe for disruption.
Stadio’s stated ambition is to widen access to education while giving young adults practical knowledge and skills to enter and thrive in the world of work. One way they do this is by offering their degrees and diplomas at a discount to traditional universities.
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