Pursuing part-time undergraduate studies in South Africa is a flexible As of 2021, the University of South Africa (Unisa) reported a total enrollment of approximately 373,000 students, with a significant portion studying part-time. However, the increasing demand for flexible learning options suggests a substantial number of South African students are…
Week 44 -The Cost of Sending a Child to University in South Africa: A Financial Overview
With university costs on the rise, parents of South African students need a clear plan for tuition, accommodation, and other expenses over a three-year degree. Here’s a breakdown of average costs and smart strategies to help families prepare for this investment in higher education. University expenses in South Africa are…
Week 43 -The Road Accident Fund: Your rights
The Road Accident Fund (RAF) allocates a substantial portion of its budget to cover healthcare expenses for accident victims. Specifically, victims can claim for past and future medical expenses incurred due to injuries sustained in road accidents. The RAF provides compensation through a Section 17(4) undertaking, which ensures that victims…
Week 42 : Closing the Gender Gap in Asset Ownership: How Insurance Can Help
By end July 2022, women accounted for, individually or in partnership, 57% (3 896 595) of the total volume of properties in the market (6 868 778) In South Africa, women face significant challenges in owning and controlling immovable assets like land and property. Research highlights that many women, particularly…
Week 41 – National School feeding scheme
The National School Nutrition Programme (NSNP) spent R8.4 billion in the 2022/23 financial year. 9.7 million learners from over 21,000 schools benefitted from this program. Hunger affects 15% of South Africans, which negatively impacts children’s academic performance and overall development. The program is funded mainly by provincial budgets, with KwaZulu-Natal,…
Week 40 Summary for Used Car Buyers
Before you buy a used car, ask about the cost of common parts like brake pads, oil filters, or headlights. This will give you a sense of whether the car will be expensive to maintain.Lower Parts Basket % = More Affordable to Own: A car like the Ford Figo have…
Week 39 -Hospitalization Costs in Private Hospitals:
Private healthcare in South Africa is well-known for offering high-quality care, but the costs can be prohibitive, especially in cases of traumatic events like road accidents. However, without sufficient health insurance, the financial strain of private healthcare can become overwhelming. A large number of people that die from vehicle accidents…
Week 38 – Why Accurate Insurance Valuation Matters
Understanding the True Cost of Underinsurance: Why Accurate Valuation Matters As a homeowner, ensuring that your home and its contents are properly insured is one of the most important steps you can take to safeguard your financial future. However, in South Africa, underinsurance remains a prevalent issue, with many households…
Week 37 – Two Pots :Do not take too much : Tax
The Two-Pot System allows you to access part of your retirement savings before you retire, giving you flexibility in emergencies. One pot can be accessed once a year, while the other is saved for when you retire. This helps you with financial needs now but ensures you still have money…
Week 36 – Surviving on R796 a Month: Essential Food Choices for South Africans
For lower-income South Africans, the “National Poverty Lines (2024)” provides critical insights into the financial thresholds that define poverty levels. The Food Poverty Line (FPL), set at R796 per person per month, is the minimum amount required for an individual to afford the daily caloric intake of 2,100 calories. This…