Midrand High wins at Monetary Challenge
MIDRAND – Midrand High School won the big prize in the Monetary Policy Challenge on 16 August.
Midrand High School came out on top at this year’s annual Monetary Policy Committee Schools Challenge of the South African Reserve Bank on 16 August.
With a number of years in the competition and coming close to victory, Midrand High School learners came in first with each learner winning R12 000, a laptop, commemorative corn and a full bursary at the South African University of their choice to study economics. Their coach and teacher at the school Sarah Kibuuka also won a laptop while the school was awarded R25 000.
Member of the school’s Monetary Policy Challenge team Naledi Moabela said, “The Monetary Policy Challenge is a tool used by the South African Reserve Bank to combat inflation, using the repo rate in the interest of sustainable economic growth. During the Monetary Policy School Challenge, our task was to determine the repo rate at the end of the first quarter. It was a national competition and we managed to finish first among hundreds of schools that participated.”
Moabela added, “Through this experience, we have developed a love for and an understanding of economics; it has taught us teamwork, creating a sort of family among our team. Our lives have changed since we were given the favorable result of winning the competition. We are thankful for the opportunity we were given and would wholeheartedly encourage anyone to seize with both hands the chance of entering the Monetary Policy Challenge if it comes your way.”
Head of economic management science at Midrand High School Eugenia Raponyane said, “We are delighted that all of the hard work that the participants put into this project has paid off and that the learners will benefit from the prizes and bursaries awarded to them. This amazing achievement will go a long way towards motivating other learners in the school to be innovative and to realise that putting a little more effort into one’s schoolwork does yield positive benefits.”
She added, “Heartfelt thanks are due to Mrs. Kibuuka for the brilliant leadership in guiding this project and mentoring the participants. The school would also like to thank the Reserve Bank for investing in the future of our learners by giving them the opportunity to explore their capabilities.”
Details: www.midhigh.co.za
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