Jannie Mouton Foundation Launches R7.2 Billion Bid to Acquire Curro

Curro Holdings, South Africa’s leading private schooling group, has received a landmark R7.2 billion buyout offer from the Jannie Mouton Foundation. The philanthropic trust, established by billionaire and PSG founder Jannie Mouton, has confirmed its intention to purchase all outstanding shares of Curro at R13 per share.

The proposed deal will be structured as a scheme of arrangement, offering shareholders a mix of Capitec shares (approximately 79%), PSG Financial Services shares (13.8%), and cash (6.6%).

If successful, this transaction would result in Curro being delisted from the Johannesburg Stock Exchange (JSE) and restructured into a non-profit organisation—a bold shift that could redefine the private education sector in South Africa.

According to industry analysts, this move positions the Foundation’s offer as both a “mega donation” and a philanthropic investment in South Africa’s educational future. The transition to non-profit status is expected to make Curro more accessible while aligning the group with broader social and developmental goals.

While the proposal has been met with cautious optimism, investors will be closely watching for shareholder approval and regulatory clearance in the months ahead.

For Curro’s 180+ campuses and more than 70,000 learners across the country, the deal could mark the beginning of a new era—one that balances high-quality education with a mission-driven, not-for-profit approach.