South African private education group Advtech posted a four per cent drop in revenues from the region to Sh1.4 billion last year on the back of reduced fees income following the closure of Makini School during the Covid-19 pandemic.
The Johannesburg Stock Exchange (JSE) listed firm which acquired Makini from business woman Mary Okello in May 2018, said the shut-down affected the collection of fees in the high end school during term two and three impacting on revenue.
