A letter from Riverton Academy, an elite school in Masvingo has set tongues wagging as it proposes eye-popping figures for next term’s fees.
Dear Parent,s/IGuardiatifs, RE: TERM 3 2019 AND AUGUST VACATION FEES
In view of Statutory Instrument (SI) 42 of 2019 in which the Zimbabwean dollar was made the sole legal tender in any transaction in Zimbabwe. Riverton Academy has revised the school fees for Term 3, 2019. The increase in the prices of most provisions for the dining hall, hostels, fuels and the quest by the Academy to maintain high educational standards of its products and services makes it unavoidable to increase school fees for Tenn 3. These developments are outside the control of the school and as a result. the Academy has set the school fees for Term 3, 2019 as shown in the table below:
1. SECONDARY SCHOOL BOARDERS – ZWLS35 000.00
2. PRIMARY SCHOOL BORDERS – ZWLS26 500.00
3. PRIMARY SCHOOL DAY SCHOLARS – ZWLS 9 000.00
4. ECD – ZWLS 5 500.00
ALL Fees payments should be made through the school account below: Riverton Academy Account Details BANK : CBZ BANK ACCOUNT
NAME : RIVERTON ACADEMY EDUCATIONAL TRUST
BRANCH : MASVINGO
ACCOUNT NO. : 025 2410379001 1
However, extraterritorial parents can still make payments in foreign currency by sending money to the school through any of the following money sending Agents: • Western Union • Mukuru • World Remit • Money gramFull text of the letter
It is common knowledge that the Zimbabwean economy is now in turmoil. Whatever commodity is not in short supply is priced well beyond the reach of many and prices continue to rise every day as traders continue to chase the USD exchange rate.
Schools have been forced to raise their fees especially boarding schools which have to source scarce basics such as mealie-meal, bread, sugar and fuel.
When it comes to raising fees though, Riverton Academy isn’t exactly shy. In fact, they can be quite brazen and outspoken about it. Last time when parents complained about another school feeds hike they were told to go hang.