How much is the CoINVEST fee?

The short answer to “How much is the CoINVEST fee?” is R12 when the NSFAS allowance is deposited into their account.

Coinvest Money is a mobile money management platform that allows users to send, receive, and store money. There are no monthly fees for a Coinvest Money Account. However, there are fees for certain transactions. These fees include:

  • Send money: 1% of the transaction amount, with a minimum fee of R1 and a maximum fee of R25.
  • Receive money: No fee.
  • Withdraw money: R20 per withdrawal.
  • Cash deposits: No fee.
  • Insert-to-Pay: No fee.

Coinvest Merchant Fees

Coinvest also offers a merchant payment solution that allows businesses to accept payments from their customers. There are two main fees associated with Coinvest Merchant:

  • Transaction fee: 1.8% of the transaction amount, with a minimum fee of R2 and a maximum fee of R50.
  • Monthly fee: R50 per month.

Coinvest POS Fees

Coinvest POS is a point-of-sale system that allows businesses to accept payments in person. There are two main fees associated with Coinvest POS:

  • Transaction fee: 2.9% of the transaction amount, with a minimum fee of R3 and a maximum fee of R75.
  • Monthly fee: R150 per month.

Coinvest Cash Deposit Fees

Coinvest Cash Deposit is a service that allows users to deposit cash into their Coinvest Money Account at any Nedbank ATM or Pick n Pay retailer. There is no fee for Coinvest Cash Deposit.

Coinvest Insert-to-Pay Fees

Coinvest Insert-to-Pay is a service that allows users to deposit cash into their Coinvest Money Account at any Nedbank ATM. There is no fee for Coinvest Insert-to-Pay.

Coinvest WhatsApp Payments Fees

Coinvest WhatsApp Payments is a service that allows users to send and receive money through WhatsApp. There is no fee for Coinvest WhatsApp Payments.

Other Fees

Coinvest may charge other fees for certain services, such as:

  • Replacing a lost or stolen card: R50.
  • Requesting a statement: R25.
  • Disputing a transaction: R50.

Fee Waivers

Coinvest may waive certain fees for certain customers, such as:

  • Students: Students may be eligible for a waiver of the monthly fee for a Coinvest Money Account and the transaction fee for Coinvest Money.
  • Businesses: Businesses may be eligible for a waiver of the monthly fee for Coinvest Merchant and the transaction fee for Coinvest POS.

Coinvest’s fees are competitive with other financial services companies in South Africa. However, it is important to note that the specific fees you will be charged will depend on the services you use and the amount of money you transact.

Overview of Public Universities in South Africa

Here's an overview of some public universities in South Africa, including general admissions requirements and estimated application periods. Keep in mind, specific program requirements and dates can vary significantly, so it's important to check each university's official website for the most current information.

University of Pretoria

  • Admissions Requirements: National Senior Certificate with minimum scores in specific subjects related to the chosen program; for international students, equivalent qualifications.
  • Application Period: Usually opens in March and closes at the end of July for most programs.

University of Cape Town

  • Admissions Requirements: National Senior Certificate with pass levels required for degree study; subject-specific requirements depending on the program.
  • Application Period: Application opens in April and closes at the end of July.

Stellenbosch University

  • Admissions Requirements: National Senior Certificate with required marks; some programs have additional testing.
  • Application Period: Opens in March and typically closes at the end of June.

University of the Witwatersrand

  • Admissions Requirements: Matriculation certificate with university exemption; required scores vary by faculty.
  • Application Period: Begins in March and ends on the 30th of September.

University of Johannesburg

  • Admissions Requirements: Matric exemption with a minimum APS score; specific subject requirements based on the faculty.
  • Application Period: Opens in April and generally closes by the 30th of September.

University of the Free State

  • Admissions Requirements: National Senior Certificate with specific marks for the program applied to; additional requirements for certain courses.
  • Application Period: Typically opens in April and closes at the end of August.

University of Venda

  • Admissions Requirements: Completion of the National Senior Certificate with an endorsement for diploma or degree studies; specific APS scores needed.
  • Application Period: Usually from May to September.

University of Fort Hare

  • Admissions Requirements: National Senior Certificate with university exemption; certain programs may have specific requirements.
  • Application Period: Opens around May and closes at the end of September.

University of the Western Cape

  • Admissions Requirements: National Senior Certificate with specific performance levels; additional requirements for certain programs.
  • Application Period: Generally from May to September.

North-West University

  • Admissions Requirements: National Senior Certificate with university exemption; program-specific requirements may apply.
  • Application Period: Opens in March and usually closes by the end of August.

Rhodes University

  • Admissions Requirements: National Senior Certificate or equivalent; minimum academic performance in certain subjects.
  • Application Period: Applications open in April and close at the end of September.

Nelson Mandela University

  • Admissions Requirements: National Senior Certificate with required scores for chosen programs; portfolio or additional tests for some faculties.
  • Application Period: Opens in April, with a deadline at the end of August for most programs.

Cape Peninsula University of Technology

  • Admissions Requirements: National Senior Certificate with specific scores; additional requirements for certain courses.
  • Application Period: Opens in May and typically closes by the end of September.

University of Limpopo

  • Admissions Requirements: Senior Certificate with endorsement for diploma or degree courses; specific APS scores for different programs.
  • Application Period: From April to September.

University of Zululand

  • Admissions Requirements: National Senior Certificate with an endorsement for bachelor’s degree studies; specific score requirements for various programs.
  • Application Period: Usually between April and November.

Central University of Technology

  • Admissions Requirements: National Senior Certificate with specific scores for the chosen field of study; additional criteria for certain programs.
  • Application Period: Application period generally starts in May and ends in October.

Vaal University of Technology

  • Admissions Requirements: National Senior Certificate with a pass that qualifies for admission to bachelor’s degree, diploma, or higher certificate programs.
  • Application Period: Typically from May to September.

Walter Sisulu University

  • Admissions Requirements: National Senior Certificate with required scores for chosen programs; additional criteria for certain faculties.
  • Application Period: From April to September.

This list provides a starting point for understanding the admissions landscape across South Africa's diverse higher education institutions. Given the variability in programs and requirements, it's crucial to consult each university's website for the most accurate and up-to-date information.

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