Students from Wits University demonstrate in Johannesburg on Wednesday. Picture: EPA/KIM LUDBROOK
Students from Wits University demonstrate in Johannesburg on Wednesday. Picture: EPA/KIM LUDBROOK

SOUTH Africans spend on average R688 a month‚ or 6% of their purse‚ on education‚ but black people spend more on this than the other races‚ the Finmark Trust said on Friday.

The findings from the Finscope SA 2016 consumer survey will be released on November 8 and come in the wake of the Fees Must Fall campaign‚ where university students are pushing for no increase in fees for 2017. Higher Education and Training Minister Blade Nzimande has recommended that universities increase fees by no more than 8%.

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The study shows that total personal monthly consumption expenditure in 2016 was about R220bn, and of this, spending on education was estimated at R12.2bn.

The costs for education included school‚ university and college fees‚ transport and stationery.

Further demographic analysis of the data showed that black South Africans still bore the brunt of education costs.

"For the average black South African‚ education expenses constitute 7% of their purse — this is higher compared with other races, for which the purse composition for coloured‚ Asian‚ Indian and whites is at an average 4.3%," Finmark said in a statement.

Nearly 12-million black South Africans spent more than 10% of their purse on education-related expenses.

"This is further exacerbated when noting that the average income per month is R4,723‚ R6,294‚ R12,265 and R17,123 for black‚ coloured‚ Indian and white South Africans, respectively. As such‚ the cost of education places a heavier burden on black South Africans‚" Finmark said.

TMG Digital