The latest TPN Credit Bureau Schools Survey shows trouble for fee-paying schools in South Africa.
Parents in South Africa are under intense financial pressure and are struggling to pay school fees – as a result, private schools are struggling to fill seats in classrooms as parents move over to more affordable public schools.
These financial hardships have had a knock-on effect on fee-paying private and public schools, as collecting school fees has become the number one challenge facing schools, according to the latest School Survey conducted by TPN Credit Bureau. He added that schools have been struggling since the start of the Covid-19 pandemic, and 2020 was the worst year on record for school fee collections.
Survey respondents reported that primary school fees at private schools range between R31,000 and R40,000 per annum, while public schools average around R14,000 per year. More than 40% of private schools reported having fewer learners this year than last year, while only 29% of schools said they had more learners than the previous year, said Marcus.Nearly 50% of public school respondents said they had accepted more students in 2023 than in 2022, while 39% said their intake this year is similar. Only 14% of public schools are expected to enrol fewer learners this year.
However, despite these attempts to cope, 38% of consumers say they are still unable to pay their bills and loans in full while rising food prices and looming electricity price hikes in April threaten to exacerbate the cost of living in the country.
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