{"id":90953,"date":"2025-10-03T13:01:26","date_gmt":"2025-10-03T13:01:26","guid":{"rendered":"https:\/\/www.africa-press.net\/south-africa\/all-news\/date-set-for-south-african-billionaires-r7-2-billion-deal"},"modified":"2025-10-03T14:44:31","modified_gmt":"2025-10-03T14:44:31","slug":"date-set-for-south-african-billionaires-r7-2-billion-deal","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/south-africa\/all-news\/date-set-for-south-african-billionaires-r7-2-billion-deal","title":{"rendered":"Date Set for South African Billionaire’s R7.2 Billion Deal"},"content":{"rendered":"

Africa-Press – South-Africa. <\/strong><\/span>South African billionaire Jannie Mouton looks set to acquire JSE-listed Curro for R7.2 billion, with more details on the possible deal given to shareholders.<\/p>\n

Shareholders will vote on the deal at a general meeting scheduled for 31 October, which, if approved, will see Curro delisted in early December.<\/p>\n

Mouton is one South Africa\u2019s richest men and founded the PSG Group, which would go into support many successful businesses, including Capitec, PSG Financial Services and Curro.<\/p>\n

Curro Holdings is South Africa\u2019s largest independent school network with over 70,000 students.<\/p>\n

Mouton plans to acquire Curro via the Jannie Mouton Foundation, a Public Benefit Organisation (PBO). The trust already owns around 3.0% of Curro.<\/p>\n

The trust\u2019s aim is to position Curro as an ever-evolving independent education institution that uses its funds to build more schools, expand facilities and offer bursaries.<\/p>\n

South Africa has opportunities to build and operate more schools and enhance quality educational outcomes nationwide.<\/p>\n

If the transaction proceeds, the Curro business will continue to grow independently, with the current management on board. Curro will also become a registered PBO and de-list from the JSE.<\/p>\n

The trust plans to accelerate Curro\u2019s growth by reinvesting its potential returns and surpluses, which will scale its offerings via new builds, expansions and the acquisition of new schools<\/p>\n

As per the offer, Mouton plans to offer existing shareholders a small cash consideration, with existing shareholders instead given Capitec and PSG Financial Services shares.<\/p>\n

The offer works out to around R13 per share, and includes:<\/p>\n

A cash Consideration of R0.85837 per Scheme Share (which will comprise approximately 6.6% of the Scheme Consideration)<\/p>\n

Capitec Shares in the ratio of 0.00284 Capitec Shares per Scheme Share (which will comprise approximately 79.7% of the Scheme Consideration);<\/p>\n

PSG Financial Services Shares in the ratio of 0.07617 PSG Financial Services Shares per Scheme Share (which will comprise approximately 13.7% of the Scheme Consideration).<\/p>\n

\u201cFor the foundation, acquiring Curro represents a game-changing R7.2 billion donation in quality education\u2014quite possibly the largest philanthropic contribution South Africa has ever seen,\u201d said Mouton.<\/p>\n

\u201cOver time, this will open the door for thousands more children to attend Curro schools through bursaries, broadening access to excellent education.\u201d<\/p>\n

\u201cAt the same time, Curro shareholders stand to benefit from a 60% premium on the current market price, ensuring that both education and investors gain from this bold initiative.\u201d<\/p>\n

More details come in <\/b><\/p>\n

Curro has now published a new circular to shareholders, which gives further details on the potential sale ahead of a vote on the deal at the end of the month.<\/p>\n

A General Meeting will be held at 14h00 on Friday, 31 October 2025, to vote on the offer.<\/p>\n

If shareholders approve the deal, shareholders\u2019 entitlement to the consideration shares will see a workaround.<\/p>\n

Should the shareholders\u2019 consideration shares, i.e. the Capitec and PSG Financial Services shares, work out to a fraction, the fraction will be rounded down to the nearest whole number.<\/p>\n

Shareholders will then receive a cash consideration for the remaining fraction of the consideration share.<\/p>\n

The remaining fractions of consideration shares will be bundled and sold to the market on behalf of the scheme participants to fund the cash payments.<\/p>\n

Trading in Curro scheme shares on the JSE is expected to be suspended from the commencement of trade on about 26 November 2026.<\/p>\n

Curro\u2019s listing on the JSE will then be terminated from 2 December 2025, with the company going private. Further details can be found in the circular below:<\/p>\n

For More News And Analysis About South-Africa<\/span> Follow Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – South-Africa. South African billionaire Jannie Mouton looks set to acquire JSE-listed Curro for R7.2 billion, with more details on the possible deal given to shareholders. Shareholders will vote on the deal at a general meeting scheduled for 31 October, which, if approved, will see Curro delisted in early December. Mouton is one South […]<\/p>\n","protected":false},"author":84,"featured_media":90952,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3,12],"tags":[275],"class_list":["post-90953","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","category-policy","tag-south-africa-2"],"yoast_head":"\nDate Set for South African Billionaire's R7.2 Billion Deal - South Africa<\/title>\n<meta name=\"description\" content=\"South African billionaire Jannie Mouton looks set to acquire JSE-listed Curro for R7.2 billion, with more details on the ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/date-set-for-south-african-billionaires-r7-2-billion-deal\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Date Set for South African Billionaire's R7.2 Billion Deal\" \/>\n<meta property=\"og:description\" content=\"South African billionaire Jannie Mouton looks set to acquire JSE-listed Curro for R7.2 billion, with more details on the ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/south-africa\/all-news\/date-set-for-south-african-billionaires-r7-2-billion-deal\" \/>\n<meta property=\"og:site_name\" content=\"South Africa\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2025-10-03T13:01:26+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-03T14:44:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/10\/sm_1759489989.729605.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/date-set-for-south-african-billionaires-r7-2-billion-deal#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/date-set-for-south-african-billionaires-r7-2-billion-deal\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Date Set for South African Billionaire’s R7.2 Billion Deal\",\"datePublished\":\"2025-10-03T13:01:26+00:00\",\"dateModified\":\"2025-10-03T14:44:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/date-set-for-south-african-billionaires-r7-2-billion-deal\"},\"wordCount\":588,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/date-set-for-south-african-billionaires-r7-2-billion-deal#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/south-africa\/sites\/31\/2025\/10\/sm_1759489989.729605.jpg\",\"keywords\":[\"South-Africa\"],\"articleSection\":[\"all news\",\"community\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/south-africa\/all-news\/date-set-for-south-african-billionaires-r7-2-billion-deal#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/date-set-for-south-african-billionaires-r7-2-billion-deal\",\"url\":\"https:\/\/www.africa-press.net\/south-africa\/all-news\/date-set-for-south-african-billionaires-r7-2-billion-deal\",\"name\":\"Date Set for South African Billionaire's R7.2 Billion Deal - 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