New data from Old Mutual shows the estimated costs of educating your kids in South Africa in 2023 and for the next 15 years.
Costs are in rands and based on education inflation of 8% per year. The amounts are rounded to the nearest hundred. The primary school costs are for Grades 1 to 7 and exclude pre-primary. University costs are for one year of an undergraduate degree.In real terms, with the rate at which the cost of education is increasing in South Africa, it is unlikely that you will be able to save the total cost of your child’s education.
– the definition of a quality education is a very personal one that’s relative to your values, your lifestyle, and where you live. It’s about more than a school’s pass rate; at the same time, fancy facilities like indoor swimming pools are not necessarily accurate indicators of value. Learn as much as possible about the schools in your area so you can make an informed choice about what’s best for your family.– fees are not the only cost of education, warns Pretorius.
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