Curro FY revenue rises 14.6%

Curro Education, a leading private education provider in South Africa, has recently reported a 14.6% increase in revenue for the fiscal year. The CEO of Curro, Cobus Loubser, joined CNBC Africa to discuss the factors contributing to this positive performance. Loubser highlighted the company's focus on expanding educational opportunities and its commitment to creating value for learners, parents, and shareholders. Despite facing challenges such as bad debts and economic uncertainties, Curro remains dedicated to providing quality education to its students. Loubser emphasized the importance of parents' trust and their willingness to make sacrifices for their children's education. He also discussed the company's strategies for managing operational costs and improving efficiency to enhance the overall performance of the business. Curro has managed to increase its operating margin through various interventions, including controlling utility consumption and optimizing staff costs. The company is optimistic about its future growth potential and aims to maximize returns for its shareholders. Loubser also addressed the issue of fee increases, stating that fees have been adjusted in line with the rising costs of running the business. Despite economic challenges, Curro remains committed to offering high-quality education and innovative opportunities to its students. The company's focus on digital innovations, sports, extracurricular activities, and early childhood development underscores its dedication to providing a comprehensive educational experience. With a resilient approach and a focus on excellence, Curro is positioning itself for continued success in the education sector.