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Inter–Provincial Financial Literacy Speech Competition 2018 Final

12 October 2018 FSCA

Following its successful inauguration in 2016, the Financial Sector Conduct Authority (FSCA) in collaboration with the Financial Services Consumer Education Foundation will again host the Inter-Provincial Literacy Speech Competition at Kopanong Hotel, Benoni on 12 October 2018.

The purpose of the competition is to promote financial literacy, encourage a spirit of entrepreneurship and create awareness on the importance of financial advice. The competition also aims to promote careers in the financial services industry among learners and introduce insurance as an investment choice for all individuals concerned.


The competition also aims to improve financial literacy levels among Grade 11 learners by requiring them to do in-depth research on one of the approved financial topics and present this to an audience in the form of a five minute prepared speech, with the objective being not to only integrate theory and practice as an important principle in the National Curriculum Statement, but also to expose learners to additional research which supports the content of the curriculum.


The competition is open to grade 11 learners from quintiles 1, 2 and 3 schools who are taking subjects in the economic and/or accounting science fields, and consisted of four competition rounds, namely; classroom, district, provincial and an inter-provincial round where the top two learners from each province will compete for the winning title.


To date, Grade 11 learners from over 150 schools have participated in the competition, where their diligent application to financial literacy topics is rewarded with different prizes ranging from personalised certificates to trophies and cash prizes.


The outstanding factor of this competition is the unintended benefits it presents. Learners gain knowledge by conducting research on the different topic and then in turn are able to impart the knowledge gained onto others during their speeches.

 

Quick Polls

QUESTION

The Financial Sector Conduct Authority (FSCA) released a notice extending the CPD cycle for 2018 until 31 July 2019. What is your opinion on this?

ANSWER

I am relieved as it means that I have more time to catch up on those CPD hours and activities
Why should individuals be given more time when they had 12 months to comply
Instead of waiting for the last minute, I proactively implemented the necessary actions timeously and effectively
The regulator’s actions are questionable
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