At the same time, the generous bursaries that we give to talented students literally provide the potential to change the course of such student’s lives. But the project that we are particularly excited by this year is the pilot MPC Challenge which was initiated at the end of 2010.
The Challenge was run in conjunction with the Gauteng Department of Education and modelled on initiatives run by other central banks around the world, including the Bank of England and the Reserve Bank of New Zealand. The aim of the challenge was threefold. Firstly, to increase understanding in South African schools of the role played by monetary policy and of economics.