Will Jannie Mouton's takeover actually lower our school fees?

We’ve all seen the headlines. The Jannie Mouton Foundation has officially bought out Curro, delisted it from the JSE, and is converting the whole group into a "Non-Profit Organisation" (NPO). On paper, this sounds amazing. "Non-profit" sounds like "cheaper," right? If they don't have to pay millions in dividends to shareholders anymore, surely that saving should be passed on to us parents? I’m going to be the pessimist here: I don't think our fees will drop by a single cent. Here is why I’m worried, and I want to know if you agree: 1. "Non-Profit" doesn't mean "No Surplus": The Foundation has been very clear that they want to use the profits to "expand infrastructure" and "fund bursaries." To me, that sounds like our full fees are going to be used to build new schools and pay for other kids' bursaries, rather than giving existing parents a break. 2. The "Quality" Trap: For years, Curro management argued they had to keep fees high to satisfy shareholders. Now they don't have shareholders. If fees go up by 10% again in 2026, what is the excuse? Inflation? Or just because they know we’ll pay it? 3. Transparency: When Curro was on the JSE, they had to publish their financial reports. We knew exactly how much profit they made. As a private non-profit, will we ever see those numbers again? Or will we just be told "trust us"? Do you trust that this takeover is a philanthropic gift to South African education, or is it just a way to build an empire without shareholder scrutiny?