The South African Reserve Bank (SARB) and the Department of Basic Education (DBE) recently announced the top 10 finalist teams and winners of the 2023 Monetary Policy Committee (MPC) Schools Challenge.
This is a programme aimed at enhancing Grade 12 learners’ comprehension of monetary policy and the SARB’s economic role. Notably, Glenvista High School secured an impressive eighth position and garnered a host of commendable rewards.
The school received a substantial reward of R9 000 allocated towards school development, in addition to R4 500 for each participating learner and a brand-new laptop for the dedicated educator.
Participating students, Unathi Mazibuko, Michelle Law, Lulonke Cita, and Owami Mfiko showcased exceptional skills and knowledge, earning them well-deserved recognition.
SARB governor Lesetja Kganyago highlighted the significance of the challenge in offering learners a unique practical insight into the role of monetary policy in enhancing South Africa’s economic well-being.
Learners, studying a combination of economics and pure mathematics, are tasked with setting up an MPC team modeled after the SARB’s monetary policy decision-making body.
“The programme, which complements the extensive work done by the SARB through its university partnerships and bursary program, has seen remarkable growth over the past 13 years. It now includes 400 schools and engages 1 800 learners from both public and private institutions across all nine provinces.
“The top three positions were secured by Paarl Girls’ High School, The King’s School White River, and Krugersdorp High School, respectively. The winning team members each received a SARB bursary, a cash prize, and an iPad.
The schools also received a cash prize, and their educator was presented with a laptop.
“The schools challenge not only celebrates the top performers but also rewards finalists from the remaining nine schools with cash prizes, contributions to their schools, and laptops for their educators,” said Kganyago.
Principal Thabile Morgan expressed gratitude and immense pride in Glenvista High School’s achievements, highlighting the value of the program in nurturing future economists and leaders in finance.
