Upmarket Falcon College has pegged its second term fees at a staggering US$10,588.79 just as University of Zimbabwe (UZ) students celebrate a High Court judgment barring the institution from hiking their fees to US$467.
A notice released by the school on April 26 reveals parents and guardians will have to part with ZW$11,330,000 which translates to US$10,588.79 at the Reserve Bank of Zimbabwe’s (RBZ) inter-bank rate or US$5,665 at the popular black market rate.
Despite efforts to defend it by Finance Minister Mthuli Ncube, Zimbabwe’s local currency has devalued at an alarming rate since its re-introduction by President Emmerson Mnangagwa’s administration.
The notice, signed by Board of Governors Chairman Andrew Marchussen and Headmaster Dave van Wyk blames Zimbabwe’s waning economy for the hike.
“It is necessary if we are to continue to not just survive but thrive in this economy,” it reads.
The eSigodini school’s alumni include former Chevrons captain Heath Streak, fellow cricketer Meluleki Nkala, Charles Knaggs who is a Colonel in the British army, and former European Parliament member Robert Jackson.
The school sits on 2,000 hectares of what was once the Bushtick gold mine in Matabeleland South.
It boasts a kilometre-long airstrip, a golf range, and 810 hectares of a nature reserve and wilderness area.
Sports and clubs at the facility include fishing, mountain climbing, karate, photography, and investment; most of which are not at ordinary schools across the country.
In other news – Police arrest 2 armed robbers linked to 25 cases
Police in Masvingo have arrested two notorious armed robbers linked to 25 cases recorded in the province. Nelson Matsvange (44) and Frank Tirivani (36) committed the crimes between March 2022 and May 2023 in the province.
Police spokesperson Assistant Commissioner Paul Nyathi yesterday said Matsvange was arrested on May 1 at village 13 Crown Range in Zaka after CCTV footage linked him to a case of armed robbery which occurred at Musvovi business centre in Renco.Learn More
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