The South African Reserve Bank (SARB) will be in Bloemfontein, Kopano Nokeng, on Saturday, 10 February 2023. As part of its stakeholder and outreach programme, the Monetary Policy Committee Schools Challenge (MPC Schools Challenge), is aimed at improving young South African’s understanding of how the economy works, and the significance of monetary policy in ensuring the economic well-being of all South Africans.
According to Ziyanda Mtshali, the Senior Media Relations Co-ordinator at SARB, the MPC Schools Challenge was a pilot programme launched in 2012 with the Gauteng Department of Education, open exclusively to public schools.
“Participants of the programme must take a combination of Economics and Pure Mathematics as subjects, excluding Mathematics Literacy.
Learners participating in the Challenge are grouped in their schools and given the opportunity to take into account all the factors the Governor and members of the MPC consider in making the interest rate decision and model it for the Central Bank and the DBE judging panel,” said Mtshali.
The briefing will take place on 10 February 2023 at Kopano Nokeng from 9:00 till 16:00.
There are many exciting prizes to be won through the programme. Last year’s winning school won:
- R18 000 per learner, total of R72 000 for the team
- R36 000 for the school
- iPad for each learner
- Laptop for the educator
- Each learner became eligible for a SARB bursary
Compiled by Justine Fortuin