Want to send your child to an overseas university? Start saving R17 000 per month now

JOHANNESBURG — This interview will pique the interest of many a parent. There's no denying that it's time to worry about where South Africa's education system, and particularly its universities, are headed in the next few years. With a sluggish economy and policies such as free tertiary education for poorer families, there's a real risk that the quality of education at the country's universities could erode. The alternative option is sending your children to a university in another country. The problem with this is that you'll need to have started saving like yesterday. And not just putting a small amount aside - you'll actually need to save at least R17 000 per month per child, increasing that amount by 10% annually, according to Charlene Prinsloo, a wealth manager at AlphaWealth. Take a listen to my interview with Charlene to find out more. - Gareth van Zyl Learn more about your ad choices. Visit megaphone.fm/adchoices