The attractions of the 'school in a box'.

Kroton will lead a powerful new force

Strong results posted this week by the three biggest listed higher education companies confirm the resilience of the sector, with demand growing thanks to rising incomes and government finance, especially the FIES low-income loan scheme.

In its first move outside the US, the pharmacy chain has bought mid-sized player Onofre, while the British publishing group has invested in two tech start-ups.

Private chains are adapting their business models to attract the new consumer class. Expanding outside the south-east and into online courses may be key.

Further consolidation is on the cards in the sector as financials improve

Racial quotas are intended to promote social inclusion but are palliative at best.

Slowing property and retail sales, a troubled bank and growing numbers of students at risk of arrears: bears will find plenty to worry about in this Brazil Confidential report.