Curro earlier in the year announced R1.5bn of expansion plans which entail building 10 new schools and "land-banking" up to 20 new school sites in the 2014 financial year.
About R589m will be raised through a rights issue. It will be the fourth since listing in 2011.
"We have obviously got the Curro rights issue coming up‚ which will take R340m of our cash. We have some plans for the remaining cash and one does not want to spend everything‚" PSG Group Chief Executive Piet Mouton said following the release of the group's results for the year to February.
PSG owns 57.1% of Curro and subscribing for the rights issue in the private education provider will allow the investment company to maintain its holding.
PSG's investments include a 28.3% stake in banking group Capitec‚ 64.7% of financial services firm PSG Konsult‚ 42.4% of agribusiness Zeder and a 100% holding in PSG Private Equity.
Mouton said the PSG Group was happy with the interests that it held in its various investments but if there were a decline in the share price of Capitec it would be prepared to add to its 28.3% stake in the financial services provider.
"If the share price goes down in Capitec we will look to increase our stake. If there are opportunities to buy more shares we will always look at that and the same goes with all our assets."
Capitec's share price is trading at around R206.
"At the moment we are happy with our shareholding at Capitec. It's a quality company. We are going to remain with our shareholding there and we are not going to sell. We like the business and we think they have got a competitive advantage‚" he said.
Mouton said although Capitec was operating in the unsecured lending sector‚ which has been hit by negative news‚ it managed to grow earnings while some rivals suffered.
Capitec increased its headline earnings per share 15% to R17.52 in the year to February.
Mouton said PSG Group was implementing its Project Internal Focus‚ a strategy to focus on existing investments rather than aggressively making new acquisitions. However‚ there are questions whether the group‚ through investments such as Zeder‚ will look to increase its interests in firms such as South Africa's largest fruit exporter Capespan.
Last October‚ through Zeder‚ the group bought the remaining 51% it did not own in Klein Karoo‚ a company which grows and distributes vegetables.
Also through Zeder it lifted its interest in Capespan to 72.1% last year‚ raising speculation that it was looking to own 100% of the company.
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