JSE-listed independent education provider Curro is taking a tougher stance on outstanding school fees and hundreds of pupils have already had to leave.
Curro's half-year results for the period to the end of June, released on Thursday, show bad debt of R74 million. This is about 4% of turnover and still higher than before the pandemic, but busy normalising, according to CEO Andries Greyling.
"Since the beginning of the year, we have taken a firmer stance than during the pandemic and lost about 300 pupils by the end of June because their parents had not paid for six months," explains Greyling. "It shows parents are still under pressure."