Budget Speech Competition 2014
Launched in 1972, this year sees the competition celebrate its 43rd year. Whilst the format of the event has evolved over the last four decades to keep up with the changing times, judges have continued to select essays written by some of the top economic minds our country has produced. The competition has four key objectives:
- Promoting the principles of sustainable economic development
- Developing future leaders in the field of economics, with a focus on young black university economic students
- Making young South Africans excited about economics as a subject and career path
- Making the competition part of the National Budget institution
This prestigious competition is open to all universities and is focused on the estimated 40,000 students taking economics at either under graduate and postgraduate levels. The competition is essay based with relevant and practical questions relating to the economy – one per category – each year.
A nationally renowned panel adjudicates and assesses the essays mainly on merit and quality, but judges also take into account factors such as students’ potential, financial need, community involvement, commitment to address the country’s economic issues and empowerment.
The top 20 students are flown to Cape Town in February as Nedbank and Old Mutual’s guests. They are treated to a full programme of events, plus the chance to network, meet other students and key players in the financial industry. The highlight of the trip is a visit to Parliament to hear the Budget Speech being delivered, followed by a banquet for 350 guests from the financial industry and government, with the Minister of Finance as the guest of honour. The winners are announced at this banquet and students are given the opportunity to ask the Minister relevant questions.
The competition is jointly hosted and funded by Nedbank and Old Mutual (SA) with strong support from National Treasury. A banquet, where the Minister of Finance is the guest of honour, is held on the night of the budget reading in Parliament.
A competition that is jointly hosted and funded by Nedbank and Old Mutual with strong support from National Treasury. The Nedbank Old Mutual Budget Speech competition are pleased to announce that the 2014 semi-finalists.
2015 Competition registration opens on Thursday 26 February 2015.