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Big problem for South Africans who make less than R600,000 a year | SA News

Malcolm Libera
 ·12 May 2026

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Households earning between R350,000 and R600,000 a year can’t afford tertiary education for their children in South Africa.

Due to policy gaps in the country’s funding mechanisms, these households are being referred to as the “missing middle”.

This is the feedback from Ryan Passmore, a Durban-based fintech founder of ZenFund Connect, who believes this is a systemic problem in South Africa.

In an interview with BizNews, he pointed to the mounting pressure on the…

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