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By 2025, a good public school will probably cost about R50 000 per year

20 January 2020 11:52 AM
Tags:
Education
Old Mutual
Gerald Mwandiambira
Coding
Refilwe Moloto
Certified Financial Planner
boarding school
cfp
cost of education
education inflation
Sugar Creek Wealth

Education inflation is at about 10%, says Old Mutual. The implications are terrifying. Gerald Mwandiambira (CFP) has advice.

Education inflation is at about 10%, according to Old Mutual.

By 2025, parents will probably pay R50 000 a year for a good public school.

By 2035, according to Old Mutual, you’d need R254 000 to cover university fees for a single year.

© stockbroker/123rf.com

Refilwe Moloto interviewed Gerald Mwandiambira, a Certified Financial Planner (CFP) at Sugar Creek Wealth.

Consider a normal state school and after-class lessons… as opposed to going to a much more expensive school…

Gerald Mwandiambira, Certified Financial Planner - Sugar Creek Wealth

Google can pretty much teach your child any subject… Those who homeschool who I have encountered seem to be pretty satisfied… especially in areas where private schooling is prohibitive, or the state schooling is not up to scratch…

Gerald Mwandiambira, Certified Financial Planner - Sugar Creek Wealth

In 15 years… I’ll no longer be required! You’ll be talking to a computer doing your financial planning… We [South Africa] are well behind… things like coding are very important… If your child is in a regular school… find out about some of these courses…

Gerald Mwandiambira, Certified Financial Planner - Sugar Creek Wealth

Listen to the interview in the audio below.




20 January 2020 11:52 AM
Tags:
Education
Old Mutual
Gerald Mwandiambira
Coding
Refilwe Moloto
Certified Financial Planner
boarding school
cfp
cost of education
education inflation
Sugar Creek Wealth

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