38% of SA parents behind on school fees, with many private schools losing pupils - survey | Business

  • 📰 News24
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 80%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Against the backdrop of a weak economic environment, collecting school fees in SA has become the number one challenge facing schools, according to a survey. | News24_Business

The share of parents who are behind on school fees increased over the past year, according to a new survey conducted by the credit bureau TPN among private and public schools where fees are paid.

At the end of 2022, only 62.57% of school fee accounts were in good standing compared to 63.75% at the end of 2021, the survey showed. This is still far below pre-pandemic levels of around 68% in 2018 and 2019. But nearly 50% of public-school respondents said they had accepted more students in 2023 than in 2022.

According to the survey, private school fees ranged from R31 000 a year for the lowest grade in primary schools, rising to R40 000 per year per student for higher grades. High school fees range between R71 000 a year for Grade 8 to R91 000 a year for Grade 12 learners.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 4. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

UK woman with severe mental illness lay dead in her apartment for more than 3 years before being found | Business InsiderA woman with severe mental illness was found in a 'mummified, almost skeletal state' after lying dead in her apartment in Surrey, England, for three and a half years, according to The Guardian.
Source: BISouthAfrica - 🏆 34. / 51 Read more »

Top business technology news | 23 - 28 January 2023 | ITWeb
Source: ITWeb - 🏆 45. / 51 Read more »

How debt-for-nature swaps are resuscitating climate action investments in Africa | BusinessPortugal recently struck a deal to swap Cape Verde's debts for environmental investments in a fund established by the West African country. | News24_Business _Business At last I bravely gave a try after a Friend recommended Mathilda, month ago i invested a min R6k been a jobless hustler, but i literally can't tell of how happy i am right after a profit return of R21k not much of it but surely it worth it, hit her up for startup Mathildanewtoon
Source: News24 - 🏆 4. / 80 Read more »

IAN MANN REVIEWS | Lessons from the man who turned Lego around | BusinessExisting frames are seductive. We are naturally biased towards frames that have worked before, have yielded results, and that we have already mastered. But it can have disastrous consequences, writes Ian Mann. | News24_Business
Source: News24 - 🏆 4. / 80 Read more »