How much you need to earn for SA's most expensive private schools
Here is how much it would cost to send your kids to the most expensive private schools in South Africa...
According to Business Tech, it is recommended that no more than 15% of a person's salary should go to education.
Based on South Africa's current economic climate and the average salary, it goes without saying that parents are not spoilt for choice when it comes to which school their kids go to.
Many South African private schools have hiked their prices for 2024, with at least six now charging more than R350,000 a year for boarding and tuition.
READ: How much you need to earn to be considered middle-class in SA
Hilton College in the KwaZulu-Natal Midlands is still considered the most expensive school in South Africa, with an annual fee (which only allows for boarding) of R397,660 for 2024.
This means you have to earn about R2.5-million annually to enrol your child in the most expensive private school in SA.
MichaelHouse, St Andrew's College in Makhanda, Roedean School for Girls, St John's College, and Kearsney College all have annual school fees of about R350,000.
Marnus Mostert, a franchise principal and financial adviser, recommends that parents allocate no more than 10-15% of their annual household income to education.
"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."
READ: Eight of the most expensive countries for South Africans to visit
Here are the top five most expensive day schools and the salary required:
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