Private school education in SA costs R2.2m per child

Private school education in SA costs R2.2m per child

The current cost of putting a single child through SA’s private education system from crèche through to the end of their tertiary education is around R2.2m, financial services group Discovery revealed in a recent White paper titled Extending Shared Value to Education.

Drawing on internal data, Discovery indicates that around R5 722 must be saved monthly to fund education for one child from primary school level, while families need to save on average R750 per month from birth simply to fund one child’s tertiary education fees. These figures are based on schooling fees increasing at 10% a year.

Questionable Investments

Questionable Investments

As times get tougher and markets fail to deliver significant returns, there has been a sharp increase in investment scams. Unfortunately, it is usually the people who can least afford to lose money who fall prey to ruthless scammers.
The types of scam range from “passive income” business opportunities and automated forex trading portfolios to Bitcoin-related opportunities. While the “business” behind the scams may be different, they all tend to share certain attributes.

Are you concerned in these times of financial uncertainty?

Are you concerned in these times of financial uncertainty?

Ask the 12,806,000 South Africans who are currently jobless! GREENLIGHT Retrenchment Benefit provides you with peace of mind. You can still have an income and financial security when you are temporarily unable to earn an income because of retrenchment. * Source: (February 2012 the Bureau of Labor Statistics) The need -Companies can fold at any time. -Retrenchment packages are not guaranteed. -It could take anything from a month to 2 years, or even longer, for new employment to be found. -Who takes care of you and all your day-to-day needs? -How do you avoid compromising your retirement savings?

Give your child the gift of sound money management

Give your child the gift of sound money management

What’s keeping these clients awake at night is not whether they have enough money for retirement, but whether their children are equipped to manage their own money effectively. It is an unfortunate reality that because many millennials have grown up in privileged environments, they don’t know how to manage money.