With a phased VAT increase from 15% to 16% confirmed for 2024, South African families face rising educational costs. In response, home and online schooling present affordable alternatives, allowing parents to optimize their education budgets while ensuring quality learning through structured support and adherence to the CAPS curriculum.
The 2024 National Budget Speech has announced a phased increase in the Value Added Tax (VAT) from 15% to 16%, the first adjustment since 2018. This increase is scheduled to occur in two increments: an initial 0.5% increase on May 1, 2025, followed by another 0.5% on April 1, 2026. This tax hike is expected to exacerbate financial burdens, especially concerning educational expenditures for many South African families.
In summary, as South Africa faces a VAT increase impacting educational costs, home and online schooling emerge as viable alternatives. These options provide families with quality education, financial flexibility, and the ability to control educational spending, ensuring that affordability does not come at the expense of educational standards.
Original Source: www.zawya.com
