GUEST – Shaheed Mohamed, Head of Group Savings and Investments at Allan Gray

School fee increases in South Africa have, on average, been roughly 2.6% above inflation every year since 2012, aside from 2021. In an environment of already high consumer inflation, this packs an extra punch. Many of us rely purely on our salaries to pay for our children’s education. We absorb the cost from month to month, tweaking our budgets to accommodate the ever-increasing expense. But the problem with this is that the cost of education typically grows at a higher rate than the average salary and inflation in general.

Over time, this difference effectively means that a greater portion of your salary will have to be set aside for your children’s education. Shaheed Mohamed, head of Group Savings and Investments at Allan Gray, joins Kaya Biz to discuss the five factors to consider when investing to enable you to provide your children with a good quality education in the future. Kaya 959