ADVTECH LIMITED - ADvTECH Business update

ADvTECH Business update

ADvTECH Limited
(Incorporated in the Republic of South Africa)
(Registration number 1990/001119/06)
Share code: ADH ISIN: ZAE000031035
(“ADvTECH” or “the Company”)


ADvTECH BUSINESS UPDATE
ADvTECH is continuing to see demand in, both the schools and tertiary sectors for the 2020
enrolment period despite difficult economic conditions. This is evidence that consumers will
seek out both quality and value in their choice of educational offerings.
SCHOOLS DIVISION
We have been working on several initiatives in the schools division and are pleased that our
efforts to improve the strategic positioning and operational performance of the schools
business is starting to show progress.
Our sharpened focus on brand proposition and customer value has led to encouraging
enrolment growth even in the face of tough economic conditions.
In South Africa, all our new schools (Trinityhouse Glenvista, Pinnacle Linden and Pinnacle
Waterfall) and the repositioned offerings (Pinnacle Kyalami and Pinnacle Rynfield) have
delivered good growth and have either achieved or exceed targeted enrolment numbers.
Our core brands have also delivered encouraging organic growth despite the continued
adverse effects of consumer financial hardship and emigration.
In the rest of Africa, our student growth is encouraging and Crawford International School,
Nairobi, is expected to move out of the J-curve in 2020, a mere 15 months after opening its
doors.
TERTIARY DIVISION
The tertiary division has delivered outstanding results for the past few years.
This success is based on the unparalleled quality of our academic offering which forms the
foundation of our strategy. This quality is achieved by virtue of:

   •   Our focus on quality teaching and learning;
   •   The 15-year track record of our well-established central academic body, the
       Independent Institute of Education (IIE), SA’s largest “private university”;
   •   Benchmarking against the highest possible local and international standards;
   •   Our strict compliance with the regulatory environment;
   •   Our Graduate and Alumni successes which are recognised throughout industry;
   •   The clear brand positioning of each of our institutions; and
   •   Efficient and effective operational delivery.
There has been a positive market response to our two new Rosebank College campuses, a
mega campus in Cape Town and a digitally-enabled campus in Port Elizabeth.
Enrolments at our tertiary institutions are in line with expectations and, should this trend
continue until the end of the enrolment season, it bodes well for the division.
CONCLUSION
We are confident that by maintaining our unrelenting focus on the quality of our academic
programmes and our commitment to delivering value to our customers and other
stakeholders, we will continue to strengthen our ability to meet the ever-growing demand for
relevant high-quality education.
Any forward-looking statements contained in this voluntary announcement have not been
reviewed nor reported on by the Company’s external auditors.


Johannesburg
19 February 2020
Sponsor: Bridge Capital Advisors Proprietary Limited

Date: 19-02-2020 08:00:00
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