By Staff Reporter
Provincial briefings for the 2025 Monetary Policy Committee (MPC) Schools Challenge have commenced.
The flagship initiative, which is now in its 13th year, is hosted by the SA South African Reserve Bank (SARB), in partnership with the Department of Basic Education and the Independent Examinations Board.
Its aim is to ignite a passion for Economics among Grade 12 learners, while showcasing career opportunities in central banking.
Designed as a practical exploration of monetary policy, the competition equipped learners with valuable knowledge and skills that extended beyond the classroom, the Bank said in a statement.
Over 400 schools from the nine provinces are expected to participate in the challenge, giving thousands of learners from both public and private institutions a chance to compete.
It said finalists would receive cash prizes, educators would be recognised for their guidance, and each member of the winning team would secure a bursary to support their higher education.
Participants would also benefit from masterclasses by SARB economists, gaining insights into monetary policy and presentation skills.
Eligible Grade 12 learners studying Economics and Pure Mathematics form teams of four to represent their schools. Each team assumes the role of the SARB’s MPC and is tasked with crafting an essay modelled on the Bank’s bi-monthly MPC statement.
The essays are reviewed by SARB economists and external moderators, with the top teams advancing to present their policy recommendations in a simulated MPC press conference.
“The challenge serves as a launchpad for future economists and central bankers, with previous participants having secured roles at the SARB after completing their studies. It is a unique opportunity for learners to develop critical thinking, teamwork and public speaking skills,” the statement said.
The in-person provincial briefing sessions offer participants a chance to meet SARB experts, refine their skills and learn about the competition. A hybrid session is also held to accommodate schools in remote areas.
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