JSE-listed independent education provider Curro is taking a tougher stance on outstanding school fees and hundreds of pupils have already had to leave.
Curro's half-year results for the period to the end of June, released on Thursday, show bad debt of R74 million. This is about 4% of turnover and still higher than before the pandemic, but busy normalising, according to CEO Andries Greyling. "Since the beginning of the year, we have taken a firmer stance than during the pandemic and lost about 300 pupils by the end of June because their parents had not paid for six months," explains Greyling."It shows parents are still under pressure."Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
The state subsidizes this nonsese because? If a school is private it must be completely private. It can't take money from all citizens via tax, report they are making record profits, then turn around and push learners out of school. Hope Curro collapses
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