{"id":772889,"date":"2024-05-23T08:27:43","date_gmt":"2024-05-23T06:27:43","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=772889"},"modified":"2024-05-25T08:07:11","modified_gmt":"2024-05-25T06:07:11","slug":"how-much-you-need-to-earn-to-send-your-kids-to-private-school-in-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/772889\/how-much-you-need-to-earn-to-send-your-kids-to-private-school-in-south-africa\/","title":{"rendered":"How much you need to earn to send your kids to private school in South Africa"},"content":{"rendered":"\n<p>It is recommended that no more than 15% of your annual salary should be spent on education, meaning you would have to earn over R2.5 million annually to enrol your kid at South Africa&#8217;s most expensive private school. <\/p>\n\n\n\n<p><a href=\"https:\/\/businesstech.co.za\/news\/lifestyle\/741559\/the-most-expensive-private-schools-in-south-africa-in-2024-with-one-now-at-r400000-a-year\/\" target=\"_blank\" rel=\"noreferrer noopener\">Private schools in South Africa have hiked fees for 2024<\/a>, with at least six now charging more than R350,000 a year for boarding and tuition.<\/p>\n\n\n\n<p>Hilton College in the KwaZulu-Natal Midlands retains its title as the most expensive school in the country. <\/p>\n\n\n\n<p>Its annual fees (which only allow for boarding) are R397,660 for 2024, up 7.5% from last year.<\/p>\n\n\n\n<p>MichaelHouse, St Andrew\u2019s College in Makhanda, Roedean School for Girls, St John\u2019s College, and Kearsney College have joined the R350,000-plus club.<\/p>\n\n\n\n<p>Private school fees for day schoolers increased at an average of 7.3% across the schools we assess each year.<\/p>\n\n\n\n<p>For boarding schools, a similar pattern was seen, with an average increase of around 7.3% and the upper end at 9.4%.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignleft size-full is-resized\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-21-120733.png\"><img loading=\"lazy\" decoding=\"async\" width=\"603\" height=\"595\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-21-120733.png\" alt=\"\" class=\"wp-image-772936\" style=\"width:184px;height:auto\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-21-120733.png 603w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2024\/05\/Screenshot-2024-05-21-120733-300x296.png 300w\" sizes=\"auto, (max-width: 603px) 100vw, 603px\" \/><\/a><figcaption class=\"wp-element-caption\"><a href=\"https:\/\/my.profileme.app\/marnusmostert\" target=\"_blank\" rel=\"noreferrer noopener\">Marnus Mostert<\/a><\/figcaption><\/figure><\/div>\n\n\n<p>According to Marnus Mostert, a franchise principal and financial adviser, education is typically considered well before schooling age, and, therefore, fees are typically paid out of or supplemented using a savings vehicle.<\/p>\n\n\n\n<p>However, assuming a parent or household hasn&#8217;t saved for schooling, it is advisable (although this would be different in each household) <strong>to allocate no more than 10-15% of your annual household income to education expenses<\/strong>, said Mostert. <\/p>\n\n\n\n<p><strong>When considering the fees of two of South Africa&#8217;s most expensive private schools\u2014Hilton and MichaelHouse\u2014a single parent or household would have to earn roughly between R2.4 million and R2.7 million, respectively,<\/strong> to enrol a single child at the schools.<\/p>\n\n\n\n<p>This works out to approximately R200,000 to R225,000 per month. <\/p>\n\n\n\n<p>However, it must be noted that Hilton and Michaelhouse are exclusively boarding schools, which means the salary required is far less if you consider some of the top-day schools in South Africa. <\/p>\n\n\n\n<p>The top five most expensive day schools and the salary required to afford their fees are listed in the table below. <\/p>\n\n\n\n<figure class=\"wp-block-table\"><div class=\"table-responsive\"><table class=\"table\"><thead><tr><th>School<\/th><th class=\"has-text-align-center\" data-align=\"center\">Fees 2024<\/th><th class=\"has-text-align-center\" data-align=\"center\">Annual salary required (monthly)<\/th><\/tr><\/thead><tbody><tr><td>Kearsney College<\/td><td class=\"has-text-align-center\" data-align=\"center\">R240 900<\/td><td class=\"has-text-align-center\" data-align=\"center\">R1.60 million (R133 000)<\/td><\/tr><tr><td>St John\u2019s College<\/td><td class=\"has-text-align-center\" data-align=\"center\">R206 768<\/td><td class=\"has-text-align-center\" data-align=\"center\">R1.38 million (R115 000)<\/td><\/tr><tr><td>Roedean School for Girls<\/td><td class=\"has-text-align-center\" data-align=\"center\">R203 607<\/td><td class=\"has-text-align-center\" data-align=\"center\">R1.35 million (R112 500)<\/td><\/tr><tr><td>Bishops College<\/td><td class=\"has-text-align-center\" data-align=\"center\">R199 650<\/td><td class=\"has-text-align-center\" data-align=\"center\">R1.33 million (R110 800)<\/td><\/tr><tr><td>St Mary\u2019s, Waverly<\/td><td class=\"has-text-align-center\" data-align=\"center\">R189 880<\/td><td class=\"has-text-align-center\" data-align=\"center\">R1.27 million (R105 800)<\/td><\/tr><tr><td><strong>Top 5 Average <\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>R208 161<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>R1.39 million (R116 000)<\/strong><\/td><\/tr><tr><td><strong>Average for 2025*<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>R126 000<\/strong><\/td><td class=\"has-text-align-center\" data-align=\"center\"><strong>R840 000 (R70 000)<\/strong><\/td><\/tr><\/tbody><\/table><\/div><figcaption class=\"wp-element-caption\">*Momentum data<\/figcaption><\/figure>\n\n\n\n<p>The cheapest private school tracked by BusinessTech is St Martins School, with an annual fee of R126,000. This aligns with the expected average cost of a private school in South Africa in 2025, according to <a href=\"https:\/\/businesstech.co.za\/news\/lifestyle\/752365\/trouble-for-private-school-fees-in-south-africa\/\"><strong>data from Momentum<\/strong><\/a>.<\/p>\n\n\n\n<p>This requires a salary of R840,000\u2014equating to <strong>R70,000 per month<\/strong>.<\/p>\n\n\n\n<p>Mostert also reminded parents that the recommended 10-15% of their annual salary should cover tuition as well as other costs such as uniforms, books, and extracurricular activities, meaning the required salary could be even higher. <\/p>\n\n\n\n<p>When considering the salaries needed to send your child to some of South Africa&#8217;s most expensive boarding schools, it shows that those who can afford these schools are among the country&#8217;s most wealthy.<\/p>\n\n\n\n<p>Those who can afford the cheapest school (St Martins School) are among the top 5% of income earners in South Africa, while those who can afford Hilton are among the top 1%.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p><strong>Read: <a href=\"https:\/\/businesstech.co.za\/news\/lifestyle\/772357\/the-one-university-that-almost-all-south-africas-billionaires-went-to-2\/\">The one university that almost all South Africa\u2019s billionaires went to<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is the estimated salary you need to earn to send your kids to some of South Africa&#8217;s most expensive private schools in 2024. <\/p>\n","protected":false},"author":92,"featured_media":291940,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9876,1],"tags":[853],"class_list":["post-772889","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lifestyle","category-trending","tag-south-africa"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/772889","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/92"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=772889"}],"version-history":[{"count":8,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/772889\/revisions"}],"predecessor-version":[{"id":773787,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/772889\/revisions\/773787"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/291940"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=772889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=772889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=772889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}