After hosting an open day in which they outlined their five-year-plan for prospective students and their parents, tertiary education institution Monash South Africa has surprised many with their announcement that they will be leaving the country.
Australia’s biggest university Monash registered their South African contingent back in 2000 and after 18 years in the business, they have concluded a R340 million deal that will see their campus and all it’s assets become the property of JSE-listed education group AdvTech.
MSA will remain a leading private tertiary education institution in SA.
— Monash South Africa (@Monash_SA) September 11, 2018
Monash had been looking for a partner to take over the South African institution for some time and AdvTech’s track record gave Monash comfort that existing students would be well catered for, explained group academic director of AdvTech Felicity Coughlan.
Monash’s existing students are feeling anything but comfortable.
Okay wait…. The same company that owns Rosebank College is buying Monash???? What about the money people paid for "Internationally recognized qualifications"?
— Vince Sanity (@Vince_Sanity) September 11, 2018
— Monash South Africa (@Monash_SA) September 12, 2018
In addition to flooding the institution’s social media pages with questions about how the buy out affects them, the student body has filed an online petition to “register its dissatisfaction in the manner in which the school has handled the issue of the sale of the institution” [sic].
The petition, which has amassed over 1000 of the 1500 signatures it needs also has a list of demands attached to it including naming rights, world-class service, and for “the investment of students both current and former will not be tampered with”.
However, AdvTech seems to have wasted no time in their takeover since the Monash branding is already on the way out according to this tweet.
Many seem to be under the impression that the university campus will cease to exist and that their qualifications will no longer carry weight but that is not the case.
after paying so much money….. Monash
— Bandi Shirinda (@Bandi_Shirinda) September 12, 2018
In addition to rebranding the West Rand campus, AdvTech plans to roll out some of the registered Monash qualifications at its other tertiary institutions, which include Vega, Rosebank College, and Varsity College.
University management, both old and new, has highlighted how the campus, which has a capacity for 6,500 students could be the answer to the bottleneck building up at public higher education institutions. The acquisition has driven AdvTech’s tertiary student complement up to over 70,000 students (part time and full time).
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