Private school operator Curro Holdings has acquired 100 per cent shares of the South African School of Motion Picture Medium and Live Performance (AFDA) through its subsidiary, Stadio Holdings.
Stadio Holdings is Curro’s investment company aimed at expanding the tertiary education division of the Curro brand. The JSE-listed independent school group intends to also list Stadio Holdings separately before the end of 2017.
AFDA is a South African is a specialised arts institution with 9 accredited programmes, ranging from higher certificates to masters degrees in the film, television and live performance industries.
The school is rated as the number one film school in Africa and has campuses in Gauteng, Cape Town, Durban and Port Elizabeth.
AFDA was founded in 1994 by Garth Holmes, Bata Passchier and Deon Opperman. The school has since grown from having just six students to now having approximately 2 000 students in 2017.
In 2016, AFDA launched two new courses; a Bachelor of Commerce in Business Innovation and a Bachelor of Computer Technology, as part of its strategy to expand its product offering to meet the demands and opportunities of the creative economy.
AFDA is in the process of seeking out opportunities to expand its offerings geographically. “This strategy was aligned with Stadio’s strategy of creating further access to tertiary education through the expansion and development of its core brands,’ said Curro.
Source: IOL
