Some private schools in the country are facing closure as a result of the coronavirus pandemic.
The National Alliance of Independent School Association (NAISA) says the lockdown has negatively affected the finances of independent schools.
It says parents are struggling to keep up with payments due to a lack of economic activity.
Independent schools’ finances have been hard hit by the lockdown:
[Now] According to the National Alliance of Independent School Association, Independent schools’ finances have been hard hit by the lockdown because patients are struggling to keep up with payments due to the lack of economic activity. Ebrahim Ansur joins @GwalaBnews on #SAfmBTH
— SAfmRadio ? (@SAfmRadio) May 14, 2020
JSE-listed private education group Advtech has reported a 20% drop in school fee collections for April, while Curro Holdings has offered schools fees discounts ranging from 10 to 15% for accounts that are in good standing.
#ADvTECH $JSEADH has issued a market related announcement: https://t.co/s5Rx7MbftS pic.twitter.com/s9NswOS4um
— TimBukOne SENS (@TimBukOneSENS) May 14, 2020
#ADvTECH $JSEADH has issued a market related announcement: https://t.co/HrLAPjoNNk pic.twitter.com/vf985SSyTh
— TimBukOne Charts (@TimBukOneCharts) May 14, 2020
#CurroHoldings $JSECOH – Search: https://t.co/wizPDqrqYb pic.twitter.com/CdJR0s8Pew
— TimBukOne Candlesticks (@TimBukOneCandle) May 8, 2020
NAISA secretary-general Ebrahim Ansur says the situation is dire as 90% of the income of independent schools comes from school fees.
“There are some independent schools which are a little more fortunate in that, the parents pay fees upfront at the beginning of the year. But in the large number of independent schools that we have around the country, parents pay either on a monthly basis or on a termly basis. Because of the lockdown and the restrictions of economic activity, payment of school fees has been very, very slow indeed and many independent schools are struggling to survive.”
In the video below,
Confirmed COVID-19 cases in South Africa:
ICYMI | INFOGRAPHIC | Statistics on SA’s #COVID__19 cases #COVID19inSA pic.twitter.com/7cCGLd0H8Z
— SABC News (@SABCNews) May 16, 2020
President Cyril Ramaphosa reiterated caution in the progression to Level 3 lockdown regulations:
President Cyril Ramaphosa reiterated that the progression to Level 3 of the national lockdown must be accompanied by the crucial, non-negotiable and practical interventions in the country’s coronavirus prevention toolbox https://t.co/SkjEIdfUSS #SABCNews
— SABC News (@SABCNews) May 15, 2020
