础耻蝉迟谤补濒颈补鈥檚 Monash University will sell its South Africa campus to a for-profit education company for a sum equating to around 拢17.6 million.
Monash South Africa was established in Johannesburg in 2000, and now has capacity for about 6,500 students. The campus will be sold to Advtech in a R340 million deal, reported.
The Monash name will no longer be used,聽said the next owners. 鈥淲e may use 鈥楳SA鈥 as the brand, that鈥檚 one of the options, or there may be synergies with some of our existing brands,鈥 said聽Felicity Coughlan, group academic director聽at Advtech.
The company 鈥渉as some 30,000 tertiary students enrolled at its institutions, most of them on degree tracks鈥, Business Insider said.
Monash had been looking for a partner to take over the South African institution for some time,聽according to Ms Coughlan, 鈥渁nd Advtech鈥檚 track record gave Monash comfort that existing students would be well catered for鈥, the website added.
Monash聽has聽its main base in Melbourne聽and a branch campus in Malaysia.
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