How much it costs to raise a child in South Africa

How much it costs to raise a child in South Africa

Raising a child in 2024 is not cheap!


With the new school year starting, many parents were shocked when they realised how much it would cost to get their kids through the year.

Unfortunately for new parents, this does not only mean getting them through school.

According to Rapport, it could cost parents R3-million to raise children from the moment they are born to graduation.

VIDEO: Mom uses Sixty60 bags to wrap school books

An actuary from Momentum, Paul Menge, gave Rapport a breakdown of what it will cost to raise a child, and it is quite shocking.

According to this breakdown, it will cost about R550,000 for the first six years of a child’s life.

It can cost between R640,000 and R880,000 to get a child through primary school and about R1-million to get them through high school.

It’s important to note that the high school price does not include getting your child a small car.

WATCH: Illegally parked police van gets removed by metro

Lastly, a three-year BSc degree could cost parents about R660,000.

These prices include medical aid, school fees, extracurricular activities, other school-associated costs, and pre-natal support and birth costs.

Tune in to the 'Breakfast with Martin Bester', weekdays from 06:00 - 09:00. Stream the show live here or download our mobile app here.

Follow us on social media:

Image: iStock


Show's Stories