National Grade 11 Financial Literacy Speech Competition
17 November 2022
All roads lead to the President Hotel in Sea Point on Friday, 14 October 2022 for the final of the 2022 National Grade 11 Financial Literacy Speech Competition (FLSC).
Nestled between the majestic background of the iconic Table Mountain and the Atlantic Ocean, the President Hotel was the perfect location for this showcase event.
The provincial winners of this competition, together with their mentors, subject advisers and provincial coordinators assembled at the venue on Friday, after enjoying a splendid day of sightseeing and experiencing Cape Town hospitality the previous day.
This event is for Grade 11 learners from previously disadvantaged or “no-fee” schools, which represent typically lower-income households. It is a partnership between the Financial Sector Conduct Authority (FSCA) and provincial education departments.
The 2022 model of the FLSC consisted of school, district, provincial and national phases. A record number of entries were received from all districts in the Western Cape.
This year’s competition followed a hybrid model, with the initial phases being digital and the national final being held in person and streamed live on the FSCA’s social media platforms.
The Western Cape was represented by Wanda Tshuna, a Grade 11 learner at Usasazo Secondary School in Khayelitsha in the Metro East Education District. In the provincial round of the competition, Wanda received tough competition from the first runner-up, Keisha Lennert from Somerset High School in Worcester in the Cape Winelands District and the second runner-up, Lukho Sofa from Intsebenziswano Secondary School in Browns Farm, Philippi in the Metro South District.
The quality of all the provincial finalists’ research on Financial Literacy and the confident way they presented their findings, drew conclusions, and made recommendations were the highlight of the event. The finalists were indeed worthy ambassadors of their provinces, districts, schools, and communities.
After a rigorous adjudication process, Kesaobaka Maamogwa from North-West was declared the winner with Nolitha Lethiba Moreko from Limpopo the first runner-up. The audience erupted with jubilation and thunderous applause when Wanda Tshuna from the Western Cape was declared the second runner-up.
For his efforts, Wanda received amongst others a tablet, R 37 500 cash investment and a three-year bursary worth R500 000 to study at any Higher Education Institution in South Africa.
This is indeed a life changing moment for Wanda, and we wish him well as he continues his secondary school education and prepares for his tertiary studies in 2024.
Western Cape Minister of Education, David Maynier, congratulated Wanda, saying: “As a former Minister of Finance, I am keenly aware of the important role that financial literacy and research plays in our economy. It is vital that we generate interest in this research at an early age, and it is clear that the Western Cape was well-represented by Wanda’s hard work!”