# A trust set up by renowned businessman Jannie Mouton has offered seven-billion-rand to buy out Curro shareholders and turn South Africa’s largest independent school operator into a non-profit. The deal, paid partly in cash and Capitec shares, comes at a 60-percent premium. Curro management supports the bid, citing the move will allow the company to reinvest profits to build more schools, provide bursaries, and improve access to education. Shares jumped more than 50-percent on news of the offer.
Jannie Mouton Foundation offers R7-billion to buy out Curro shareholders