FUNDISA EDUCATIONAL SAVINGS ACCOUNT

Here is a really good way to save for the education of a CHOSEN child.
What you do is visit a branch of ABSA or Nedbank
Ask for an application form
You will need the ID or Birth Certificate of the chosen child.
Then save at R200 per month -= R2 400 per annum and as long as the child eventually uses the fund for education at a recognised tertiary education insitution such as a university then the fund earns a bonus of 25% = R600 pa.
The fund name is Fundisa.
There are a few conditions but this sounds like the best way to save for your child. And even if that particular child opts out of tertiary education the fund can be used to for another child and you will still have the benefit of this bonus.