Staff Writer
Curro Holdings Limited has issued an update on the proposed acquisition of the company by Jannie Mouton Stigting, following earlier announcements and the shareholder circular released on 2 October 2025.
The circular stated that, once specific conditions are met or waived, the Offeror plans to acquire all issued Curro shares through a scheme of arrangement, which would result in Curro being delisted from the Johannesburg Stock Exchange (JSE).
In its latest update on 9 December 2025, Curro said the parties are waiting for confirmation of the dates for the Tribunal’s approval process. The company said it will provide more information once the dates are confirmed.
The independent board of Curro said it takes full responsibility for the accuracy of the information in the update.
The board certified that, to its knowledge, the announcement is truthful, complete and does not omit any details that could affect its significance. It also said all reasonable steps were taken to verify the information.
The announcement moves the acquisition process forward as shareholders await regulatory approval.
Curro’s presence in Namibia has grown through new campuses in Walvis Bay and Oshana, following the establishment of Windhoek Gymnasium.
The Walvis Bay campus opened with 350 pupils, while Oshana Gymnasium started with between 200 and 250 learners. The two campuses were built at a combined cost of N$240 million.
In 2024, Curro invested N$306 million in its operations in South Africa and Namibia and planned to invest up to N$700 million that same year to maintain and expand its facilities, driven by rising demand for high school spaces.
