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’s most expensive private school.Hilton College in the KwaZulu-Natal Midlands retains its title as the most expensive school in the country.MichaelHouse, St Andrew’s College in Makhanda, Roedean School for Girls, St John’s College, and Kearsney College have joined the R350,000-plus club.
For boarding schools, a similar pattern was seen, with an average increase of around 7.3% and the upper end at 9.4%.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.
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.