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(From Business Day (South Africa))
Byline: Sue Blaine
Schools get down to the business of BEE and secure edge in executive education Credibility of the deals set to give new owners a huge piece of training's expanding market Education Correspondent TWO business deals concluded in the past fortnight present SA's business schools with an unprecedented challenge.
Yesterday, SA's largest private education company, Educor, sold 100% of its Graduate Institute of Management and Technology (GIMT) to a black economic empowerment (BEE) group headed by Business Unity SA CEO Jerry Vilakazi.
The sale comes just more than two weeks after black women's empowerment group Wiphold and businessman Vincent Raseroka bought 26% of University of …