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WCED looks into millions in annual bank fees

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The Western Cape Education Department (WCED) is writing to schools in the province regarding their bank charges. This as Education MEC David Maynier revealed that more than R36 million was spent on bank charges last year.
This averages at over R23 500 per school, while 40 schools reported paying in excess of R100k and the top ten highest payers have a combined total of over R1.5 million.
Meanwhile, TPN Credit Bureau last year reported an increasing number of parents unable to pay school fees.
“Alarmingly, nine of our no-fee schools are paying more than R50 000 in bank charges. While our account holders must pay for services rendered, we would like to ensure that school funds are primarily spent on learners education- especially where our no-fee schools are concerned,” said Maynier.
VOC
Photo: MoneyWeb

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