Juta acquires controlling share in Future Managers

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Future Managers publishes technical and vocational education (TVET) textbooks in South Africa. The transaction extends Juta’s existing publishing footprint into the TVET sector, while offering Future Managers access to infrastructure and market reach, technology and investment to further support business growth.

CEO Pieter Bruwer and Nickey Cilliers, the executive director, remain as managing shareholders and will continue to operate the business in the interest of the shareholders. The current operation and staff complement will continue to deliver the products and services that the market has come to expect from the brand.

Juta is a wholly owned subsidiary of Kagiso Media, a black-controlled company with interests in substantial media assets through its subsidiaries, joint ventures and associates.

Commercial director for Kagiso Media, Megan Marinus, says, “We are excited to work with Future Managers and continue to support its growth, as a leading provider of TVET content. This acquisition indicates Kagiso Media’s commitment to the development of education in South Africa, at this important time in our country’s skills development requirements. With Juta’s role in textbook publishing and Kagiso Trust’s focus on providing quality education for all, this acquisition will strengthen the group’s footprint in the education space.”

Sakkie de Villiers, financial director of Juta, adds, “Juta has great respect for the Future Managers brand and for the excellence that this company has delivered to the TVET sector over the years. Juta seeks to support its growth, as a widely recognised leader in skills development and to empower it to grow into new markets and services.”

Bruwer concludes, “Our roots are in Africa, our heart is in education and our mind is in colleges. Therefore, when Juta, an empowered South African publisher, approached us to join forces, we saw it both as a compliment and as an opportunity to grow our company further in the college sector. TVET colleges are at the core of the skills transfer our country so desperately needs. I think it is fair to say that if colleges do not succeed, our country will struggle. The synergy will strengthen our ability to serve this critical sector better.”