The South African Reserve Bank (SARB) will be in East London, on Saturday, 11 February 2023 as part of its stakeholder and outreach programme, the Monetary Policy Committee Schools Challenge (MPC Schools Challenge).
The 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.
The MPC Schools Challenge was a pilot programme launched in 2012 with the Gauteng Department of Education, open exclusively to public schools. Through the years the programme has gone on to include schools nationally, this is well over 400 schools and more than 1800 students. 2022 saw the addition of Independent/Private 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.
The briefing by SARB economists is targeted at learners and educators respectively and will be from 9am to 3pm at the Premier Hotel East London ICC.
There are many exciting prizes to be won through the programme. Last year’s winning school won:
- R16 000 per learner, total of R64 000 for the team
- R35 000 for the school
- iPad for each learner and educator
- Each learner became eligible for a SARB bursary
Please RSVP with Ziyanda Mtshali on 078 143 0553 or email media@resbank.co.za should you wish to attend the session.
Issued by SARB Media Relations
