The Association for Savings and Investment SA (Asisa) is closing down the Fundisa education unit trust offering, a public-private partnership aimed at helping low-income households save for their children’s tertiary education.

The Fundisa education unit trust will no longer accept investments from end-September 2022 with the aim of closing the fund down by end-March 2023 subject to meeting regulatory requirements, Asisa said in a statement on Tuesday. The Fundisa fund has been closed to new investors since February 2018 as alternative higher education funding programmes from the government reduced demand for the public-private offering...

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