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Investec makes foray into SA education sector
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Description
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Investec Asset Management, through its African Private Equity capability, has acquired a controlling stake in Richfield Holdings, one of the leading private sector tertiary education providers in South Africa.
Founded 28 years ago, Richfield has more than 20 000 students enrolled across more than 40 campuses in South Africa, and a fast-growing distant learning offering to students from across Southern Africa.