ADvTECH Group
The ADvTECH Group is a JSE listed company in South Africa (JSE:ADH).[1] ADvTECH operates within the education and recruitment industries in South Africa and the rest of Africa.[2][3][4][5][6]
History
[edit]ADvTECH is Africa's largest private education provider and[7] the holding company of the Independent Institute of Education which operates tertiary education brands including Vega School, Capsicum Culinary Studio, Maragon Private Schools, Tyger Valley College, School of Hospitality & Service Management, Varsity College and Rosebank College.
The group also operates a schools division, under which, brands including Crawford International, Trinityhouse Schools,[8][9] Abbotts Colleges, Maragon Schools, Tyger Valley College, Centurus Colleges, Junior Colleges[10][11] and Makini Schools operate.
In 2017, the company ran 90 schools in South Africa and Botswana[1] across 47 campuses.[10] It had 27,000 students enrolled under seven brands. It also owned nine tertiary education brands, and was listed on the Johannesburg Stock Exchange.[1] Its CEO was Roy Douglas.[5]
In late 2017 the company discovered fraud by a financial manager in its schools division.[12][13] That year, it began working on a new school in Nairobi, in the special economic zone Tatu City.[1] In 2018, it was expanding in Kenya and Uganda.[2]
The CEO of the ADvTECH Group in 2024 was Geoff Whyte. He succeeded Roy Douglas, who retired from the position as of February of 2024. Chairman in 2024 was Chris Boulle.[14]
The schools division has seen a constant growth in both the number of students as well as educational sites over the past three years. The number of sites has grown both organically and through acquisition. As a result, the group has shown a growth in Trading Operating Profit of 15 percent.
References
[edit]- ^ a b c d Waruru, Maina (31 August 2017). "South Africa's ADvTECH plans East Africa expansion". thepienews.com. Retrieved 2018-03-14.
- ^ a b "Advtech bolsters presence in Africa". 2018-04-04. Retrieved 2018-04-19 – via PressReader.
- ^ "ADvTech Properties to expand asset base to R6bn by 2022 - eProperty News".
- ^ "Academic excellence the secret to ADvTECH schools learners' IEB success".
- ^ a b "Advtech makes R344m interim profit on growing tertiary division - IOL Business Report".
- ^ "BusinessLIVE". www.businesslive.co.za. Archived from the original on 2017-12-15. Retrieved 2018-01-10.
- ^ "ADvTECH bolsters East African schools | Companies". www.inceconnect.co.za. Retrieved 2018-04-19.
- ^ "About Us | Christian School | Trinityhouse". www.trinityhouse.co.za. Retrieved 2018-04-18.
- ^ "Trinityhouse unveils the Little Falls High School | Roodepoort Northsider". Roodepoort Northsider. 2016-07-25. Retrieved 2018-04-18.[permanent dead link]
- ^ a b "Crawford Schools owner Advtech reports 22% rise in interim revenue".
- ^ "Advtech Group | Education Brands". www.advtech.co.za. Retrieved 2018-04-18.
- ^ "Education group ADvTECH comes clean on fraud". Retrieved 2018-03-14.
- ^ "Fraud hits Advtech stock". Retrieved 2018-03-14.
- ^ "ADvTECH announces retirement of CEO Roy Douglas and appointment of Geoff Whyte as successor". ADvTECH. advtech.com. Retrieved 10 March 2024.