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S.Africa's Curro to reach school opening target five years early Posted: 05 Aug 2014 06:16 AM PDT By Tiisetso Motsoeneng JOHANNESBURG (Reuters) - South African private schools firm Curro Holdings Ltd will meet its target of running 40 academies by year end, five years ahead of time, it said on Tuesday, as parental frustration with often overcrowded state-run schools boosts demand. Shares in Curro, which also reported a 76 percent rise in first-half profit on Tuesday, jumped more than 5 percent to 26.25 rand by 1104 GMT, extending a rebound from a seven-month low of 23.01 rand seen at the end of last week. The company, along with rival ADvTECH Ltd, is betting on growing demand from parents unhappy with the public education system in Africa's second-largest economy. "I don't think consumer wealth has grown all that much but I think parents know that it is important to put their children in affordable and decent schools and Curro gives them all that," said Rigardt Maartens, a portfolio manager at PSG Securities.

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