On Tuesday, Advtech announced it would pay R343 million – a nd whatever cash on hand and working capital adjustments on the effective date of the acquisition – for Monash South Africa. The offer is very close to the R330 million net asset value Monash SA reported at the end of last year. After 18 years in South Africa, Monash is confident of letting Advtech take over. "Our track record gave Monash comfort that existing students would be well catered for," Felicity Coughlan, the group academic director of Advtech, told Business Insider SA. However, the Monash name will disappear from their Johannesburg campus. Felicity says: "We may use 'MSA' as the brand, that's one of the options, or there may be synergies with some of our existing brands." Founded in 2000, Monash South Africa markets itself as a local provider of degrees with international brand recognition. The campus has a capacity of 6,500 students and features a number of student residences.