South African Business 2023
A unique guide to business and investment in South Africa. Welcome to the 11th edition of the South African Business journal. First published in 2011, the publication has established itself as the premier business and investment guide to South Africa, supported by a website at www. southafricanbusiness.co.za. A special feature in this journal focusses on the importance of partnerships as the way forward for the country’s growing number of Special Economic Zones. There are now SEZs in eight provinces and collaboration between the private sector and government and its agencies is proving a crucial element in pursuing the goal of industrializing the South African economy. These zones intended as catalysts for economic growth in established sectors and in stimulating new industries. Regular pages cover all the main economic sectors of the South African economy and give a snapshot of each of the country’s provinces. The fact that South Africa’s law-enforcement agencies are arresting people alleged to have been involved in state capture and the Reserve Bank has started freezing assets in other matters leads the national overview because business can’t function properly without the rule of law. South African Business is complemented by nine regional publications covering the business and investment environment in each of South Africa’s provinces. The e-book editions can be viewed online at www.globalafricanetwork.com. These unique titles are supported by a monthly business e-newsletter with a circulation of over 35 000. Journal of African Business joined the Global African Network stable of publications as an annual in 2020 and is now published quarterly.
A unique guide to business and investment in South Africa. Welcome to the 11th edition of the South African Business journal. First published in 2011, the publication has established itself as the premier business and investment guide to South Africa, supported by a website at www. southafricanbusiness.co.za.
A special feature in this journal focusses on the importance of partnerships as the way forward for the country’s growing number of Special Economic Zones. There are now SEZs in eight provinces and collaboration between the private sector and government and its agencies is proving a crucial element in pursuing the goal of industrializing the South African economy. These zones intended as catalysts for economic growth in established sectors and in stimulating new industries.
Regular pages cover all the main economic sectors of the South African economy and give a snapshot of each of the country’s provinces. The fact that South Africa’s law-enforcement agencies are arresting people alleged to have been involved in state capture and the Reserve Bank has started freezing assets in other matters leads the national overview because business can’t function properly without the rule of law.
South African Business is complemented by nine regional publications covering the business and investment environment in each of South Africa’s provinces. The e-book editions can be viewed online at www.globalafricanetwork.com. These unique titles are supported by a monthly business e-newsletter with a circulation of over 35 000. Journal of African Business joined the Global African Network stable of publications as an annual in 2020 and is now published quarterly.
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OVERVIEW<br />
Education and skills training<br />
Private education companies are growing<br />
JSE-listed companies are doing well in the education<br />
sector. ADvTech reported a 22% increase in operating profit<br />
in the year to December 2021 and Curro Holdings’ revenue<br />
increased by 15.5% to R2.06-billion for the six<br />
months to the end of June 2022.<br />
With brands such as Crawford, Trinity House,<br />
Crawford House, Abbotts College, Varsity College and<br />
Vega in its stable, ADvTech made that operating profit<br />
of R1.1-billion on increased revenues of R5.9-billion.<br />
Enrolments in <strong>South</strong> <strong>African</strong> schools run by the<br />
company rose by 8% (to 29 599) and by just over<br />
7 000 in other <strong>African</strong> countries, or 10%. The group<br />
intends increasing its focus on the rest of Africa in<br />
the years ahead.<br />
Curro Holdings, which runs 181 schools, increased<br />
pupil numbers by 66 167 for the six months to June 2022.<br />
This despite an increase in tuition fees of 13.3%. Curro<br />
has been expanding steadily since its establishment in<br />
1998, and the same trend is evident in the trajectory of its<br />
tertiary offshoot, Stadio Holdings.<br />
Stadio Holdings listed separately for the first<br />
time in 2017 and now has more than 41 000 students registered<br />
across three institutions. Milpark Education is the online offering,<br />
AFDA offers accredited degrees and higher certificates in film,<br />
performance, entertainment, business and technology while Stadio<br />
Higher Education Institution is the result of the merger of <strong>South</strong>ern<br />
<strong>Business</strong> School, Embury Institute for Higher Education, LISOF and<br />
Prestige Academy.<br />
Interim results published by Stadio Holdings in August 2022 reported<br />
that profit after tax rose by 23.5%, to R105-million. A R200-million Stadio<br />
campus was opened in Centurion in Gauteng early in 2022.<br />
Skills<br />
In November <strong>2023</strong>, the Decade of the Artisan Programme will have<br />
run its course. The Department of Higher Education and Training set<br />
targets for skilled graduates and established Centres of Specialisation<br />
at Technical Vocational Education and Training (TVET) colleges around<br />
the country.<br />
For example, False Bay TVET College was appointed as the<br />
Centre of Specialisation in Rigging and Mechanical Fitting, both<br />
skills highly relevant to the maritime industry. The Eastern Cape<br />
SECTOR INSIGHT<br />
The Decade of the Artisan<br />
is drawing to a close.<br />
Stadio’s new campus in Centurion.<br />
Midlands TVET College<br />
specialises in welding and the<br />
Gert Sibande TVET College in<br />
Mpumalanga is the institution<br />
that focusses on the skills of a<br />
millwright.<br />
Centres of Specialisation aim<br />
to produce:<br />
• A skilled and capable workforce<br />
• Increased availability of intermediate-level<br />
technical skills<br />
• Increased delivery of qualified<br />
artisans in 13 priority trades<br />
Speaking at the opening<br />
ceremony of the WorldSkills<br />
<strong>South</strong> Africa (WSZA) National<br />
Competition in KwaZulu-Natal<br />
in June 2022, Higher Education<br />
and Training Minister Dr Blade<br />
Nzimande called on principals<br />
SOUTH AFRICAN BUSINESS <strong>2023</strong><br />
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