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R7.2bn Curro deal as schools face VAT blow | SA News

JOHANNESBURG – Schools across South Africa are on the brink of a significant financial shake-up, as the government moves to remove them from the VAT system, a proposal that could reshape the private education sector. 

At the same time, the country’s largest private school group, Curro, is set for a historic transformation through a R7.2 billion acquisition by the Jannie Mouton Foundation,  promising a future centred on access, quality, and non-profit education.

Proposed VAT Changes Could Hit Schools and Parents

According to the recently released Draft Taxation Laws Amendment Bill, published for public comment, all schools will be required to deregister as VAT vendors. 

While the change…

Visual Arts: South African artists, such as William Kentridge and Esther Mahlangu,
are recognized internationally for their contributions to contemporary art.

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