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The 39th Nedbank Old Mutual Budget Speech Competition.
The Nedbank/Old Mutual Budget Speech competition was established 39 years ago as a means of contributing to the economic growth and excellence in South Africa. 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
The competition is open to all universities and is focussed on the estimated 40,000 students taking economics at either under graduate and postgraduate levels. The competition is essay based with the Minister of Finance setting relevant and practical questions – one per category – each year.
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.
The 2010 winners announced at the banquet held on 23 February 2011 were:
The undergraduate category:
- The winner was Salma Kagee from the University of Cape Town.
- 1st runner up: Mpho Mashishi – University of the Witwatersrand
- 2nd runner up: Andani Thakhathi – University of Fort Hare (East London Campus)
Postgraduate category:
- The winner was Shaheen Seedat from the University of the Witwatersrand.
- 1st runner up: Carl Veller – University of Cape Town
- 2nd runner up: Fulufhelo Mudau – University of Johannesburg and Matthew Butler-Adam – University of Cape Town
The competition includes The Nedbank Old Mutual National Treasury Mentorship Assistance Programme (The Academy) which comprises a virtual tutor who is available to all students who require assistance. Applicants can access The Academy by contacting the competition administration office. Mentorship is provided by former economic professors and ensures that a consistently high standard of application is submitted.
Prizes
2010 Prizes :
Postgraduate Category
1st Prize: R150 000*
2nd Prize: R60 000
3rd Prize: R25 000
Undergraduate Category
1st Prize: R30 000
2nd Prize: R15 000
3rd Prize: R10 000
* While the R150 000 first prize for postgraduate submissions is a cash prize, it may only be used for educational purposes and the competition organisers require proof that it is being so used. Educational purposes could include paying for further study at a university or technikon, paying off a student loan, or the purchase of books or other study material.
For more information visit www.budgetspeechcompetition.co.za.
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Nedbank Limited Reg No 1951/000009/06, 135 Rivonia Road, Sandown, Sandton, 2196, South Africa. We subscribe to the Code of Banking Practice of The Banking Association South Africa and, for unresolved disputes, support resolution through the Ombudsman for Banking Services. We are an authorised financial services provider. We are a registered credit provider in terms of the National Credit Act (NCR Reg No NCRCP16).
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