Number of private schools: Approximately 1966
Tuition fees: Range from 1900R (~$100) per month to 300,000R ($17,000) per year.
Percentage of total number of schools: Approximately 7.6%
Features:
- Private schools educate about 3% of South Africa's students, with 205 students per private school on average.
- Curro, one of the largest private school companies, doubled the number of campuses and schools since 2014.
- One of the problems of this company, in particular, is the growth of debts, up to R3.5 billion in 2019. However, according to the director of the company, good profits make it possible to service debts. The company's schools' Ebitda grew by 20% in 2019 to almost R500 million, while total revenue increased by 19% to one and a half billion rand.
- So, despite financial challenges, the private education sector in South Africa is profitable, with efforts focused on investing in existing schools.
- Student dropout rates are addressed through strategies like creating additional capacity and easing financial burdens.