For families that do not earn more than R180 000 per annum, government has an initiative called Fundisa that will help you save towards an accredited degree or diploma at a TVET or University.
“You’re paid an annual bonus on the investment, which can be up to 25% of the money you save annually up to a maximum of R600 per child.
“If you save R100 a month [R1 200 a year], you will get another R300 a year. To receive the maximum bonus of R600, you have to save R2 400 a year. The bonus can only be used by the learner. You can withdraw your own money but will then lose the bonus,” says Mbuya.