n Personal Finance Newsletter - Fundisa investors get R4.8 million bonus for education : education funding
|Article Title||Fundisa investors get R4.8 million bonus for education : education funding|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Personal Finance Newsletter|
|Publication Date||Mar 2012|
The Fundisa unit trust fund, an initiative aimed at encouraging low-income South Africans to save for their children's higher education, had distributed a total annual bonus payment of R4.8 million to investors at the end of December 2011. In 2010 investors shared in R2.8-million, while in 2009 the bonus was R1.2-million.
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