After a yr hiatus due to the pandemic, the Financial Sector Conduct Authority has introduced the return of its Financial Literacy Speech Competition for colleges this yr. Initially piloted with 150 colleges in Gauteng in 2016, this well-liked contest and skills-development initiative has grown right into a nationwide occasion with an influence on the lives of over 3 000 learners, their lecturers, and households. In 2019 9 provincial winners additionally acquired a full bursary protecting their tuition, lodging, textbooks, and stipends for a three-year tertiary qualification. These college students are actually at college.
The speech competitors targets Grade 11 learners from quintile 1-to-3 colleges majoring in business research, economics and accounting topics. The focus of the competitors is to advertise monetary literacy amongst learners by encouraging them to analysis a specific subject, synthesize that analysis intelligibly, then current the findings in a five-minute speech. Topics vary from monetary planning, client safety, rights and obligations, to beginning a business (entrepreneurship) and interesting with monetary companies suppliers.
This yr, leveraging digital expertise, the competitors will likely be held online. At college degree, by means of classroom elimination, lecturers will determine the first-round winners then add the winners’ presentation video to a devoted platform. The colleges’ successful movies will then be adjudicated remotely by a panel of FSCA-appointed judges chosen from the monetary companies business and the provincial departments of schooling by means of all rounds of the competitors.
There are prizes of R30 000, R15 000 and R7 500 for the highest three positions per province. At the nationwide finals, an extra R30 000, R15 000 and R7 500 will likely be handed out. Three full bursaries will likely be up for grabs over and above the prizes. To discover out extra, try the FSCA’s social media pages utilizing #FLSC2021SA or go to www.fscaspeechcomp.co.za.