Who can open a Fundisa Fund account?

Any South African citizen or permanent resident who wishes to help educate someone they care about, as long as the learner is a South African.
You do not have to be related to this learner. You can sponsor any learner you choose.
You must have a Mzansi or other transaction bank account and a green bar-coded ID book.
All the money you save belongs to you until it is paid over to a public college or university that is recognized by the National Student Financial Aid Scheme (NSFAS) – the government agency responsible for paying the educational institutions.
It is important that you do not hand over cash to anyone other than the unit trust companies or banks where you can open a Fundisa Fund account. Always make sure that you get a receipt for any cash deposit into your Fundisa Fund account.

Your chosen learner

Must be a South African citizen.
Must supply a copy of their green bar-coded ID book or birth certificate.
Must start studying by the time he or she is 35 years old, at a public college or university that works in partnership with the National Student Financial Aid Scheme (NSFAS).
An investor can also open a Fundisa Fund account to save for their own tertiary education