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Parents forced to tighten belts as high school fees soar by 7.3%, among other costs
Manage episode 460391438 series 2825637
In 2024, education expenses surged by 6.3% compared to the previous year, marking the sharpest increase since 2020, according to Statistics South Africa's March consumer inflation data. This rise outpaces the 5.7% hike recorded in 2023. High school fees saw the steepest climb at 7.3%, while primary schools and tertiary institutions raised their fees by 5.9%. Crèches also increased their fees by 6%. Meanwhile, university boarding costs soared even higher, with an 8.2% jump compared to 2023. Education fees are reviewed annually in March, making this data a critical indicator of rising education costs. Sakina Kamwendo spoke to John Manyike Group Head of Financial Education at Old Mutual
8471 епізодів
Manage episode 460391438 series 2825637
In 2024, education expenses surged by 6.3% compared to the previous year, marking the sharpest increase since 2020, according to Statistics South Africa's March consumer inflation data. This rise outpaces the 5.7% hike recorded in 2023. High school fees saw the steepest climb at 7.3%, while primary schools and tertiary institutions raised their fees by 5.9%. Crèches also increased their fees by 6%. Meanwhile, university boarding costs soared even higher, with an 8.2% jump compared to 2023. Education fees are reviewed annually in March, making this data a critical indicator of rising education costs. Sakina Kamwendo spoke to John Manyike Group Head of Financial Education at Old Mutual
8471 епізодів
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