Sale of six private schools in South Africa for R172 million approved

The sale of Generation Education, a group of six private schools in South Africa, has been approved for a cash price of R172 million, paving the way for Edufund, a newly established investment fund, to take control. This move is part of Edufund's goal to improve the quality of South Africa's education system, while also generating competitive returns for investors. The deal, first announced in June 2022, is now subject to regulatory approval, bringing a new era to the country's education sector.