‘Problematic’ Budget Speech has students scratching their heads for answers

CAPE TOWN– Minister of finance Tito Mboweni, will table his speech to the country on Wednesday evening.

The 48th edition of the Nedbank and Old Mutual Budget Speech Competition allows both post and under-graduate students in South Africa, to convince the judges on how best to mitigate the challenges both the country and international markets faces.

The competition is set up as a platform to expose tertiary students across South Africa to fiscal and economic policy planning processes, and calls on top young thinkers to find practical and workable solutions to some of the country’s key social and economic challenges.

At the core is a student who stands to pocket a cool R400 000.  

20 finalists for 2020 have been identified from seven campuses around the country, including Fort Hare, University of Limpopo, University of Pretoria, Wits University, University of Johannesburg, University of Cape Town and Stellenbosch University.

During the workshop held at Lagoon Hotel, Cape Town today, some of the students showed signs of panic whilst others seemed in control in front of panel of judges discussing NHI, Labour issues, economic decline, retrenchments, tax, NSFAS, etc…

Since its formation the competition has propelled students to meaningful careers in both the private and public sector, for years.

The winner will be announced at main awards hosted by deputy minister of Finance, David Masondo and Old Mutual/ Nedbank executives on Wednesday evening.

Image SLM (Students hard at work deliberating at the Nedbank and Old Mutual Budget Speech Competition, held at Lagoon Hotel-Cape Town).

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