ADvTECH - Monash acquisition finalised
8 April 2019 14:18
Shareholders are referred to the Category 2 announcement published on SENS on 11 September 2018 and in the press on 12 September 2018 wherein they were advised that ADvTECH would acquire Monash South Africa ("MSA") subject to conditions precedent.

ADvTECH, SA's largest private education provider is pleased to announce that its acquisition of MSA has become unconditional following the fulfilment of all conditions precedent, including approval by the Competition Tribunal.

The transaction which became effective from 1 April 2019 will result in MSA now being incorporated into ADvTECH's higher education division, The Independent Institute of Education, and will be branded IIE MSA. This increases the tertiary student complement of ADvTECH to more than 43 000.

The IIE MSA campus, located on Johannesburg's West Rand, is one of the largest private higher education precincts in the country. With a capacity for 6 500 students, it boasts extensive education facilities which include laboratories, sports facilities and four student residences.

In addition to a state-of-the-art campus, IIE MSA also brings to the ADvTECH portfolio a comprehensive suite of premium programmes, an extensive executive education and training portfolio and highly sought-after programmes such as its engineering and public health.

The approval of this acquisition together with the recent High Court judgment in favour of The Independent Institute of Education's, confirms that registered and accredited qualifications from private institutions are on par with those of public universities, represents a substantial development for the private higher education sector in South Africa.


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