Riverton Academy in Masvingo has reviewed up vacation fees. In a letter addressed to parents, dated 28 July 2019, the learning institution cites the economic crisis and currency reforms as major factors that influenced the decision. Read the letter below.
Dear Parent,s/IGuardiatifs, RE: TERM 3 2019 AND AUGUST VACATION FEES
In view of Statutory Instrument (SI) 42 of 2019 in which the Zimbabwean dollar was made the sole legal tender in any transaction in Zimbabwe. Riverton Academy has revised the school fees for Term 3, 2019. The increase in the prices of most provisions for the dining hall, hostels, fuels and the quest by the Academy to maintain high educational standards of its products and services makes it unavoidable to increase school fees for Tenn 3. These developments are outside the control of the school and as a result. the Academy has set the school fees for Term 3, 2019 as shown in the table below:
1. SECONDARY SCHOOL BOARDERS – ZWLS35 000.00
2. PRIMARY SCHOOL BORDERS – ZWLS26 500.00
3. PRIMARY SCHOOL DAY SCHOLARS – ZWLS 9 000.00
4. ECD – ZWLS 5 500.00
ALL Fees payments should be made through the school account below: Riverton Academy Account Details BANK : CBZ BANK ACCOUNT
NAME : RIVERTON ACADEMY EDUCATIONAL TRUST
BRANCH : MASVINGO
ACCOUNT NO. : 025 2410379001 1
However, extraterritorial parents can still make payments in foreign currency by sending money to the school through any of the following money sending Agents: • Western Union • Mukuru • World Remit • Money gram
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