GARDEN ROUTE NEWS - Repo rates, business cycles and prime rates were the talk of the day when the South African Reserve Bank (SARB) sent delegates to George last week for a meet-and-greet with future economists, accountants and business leaders.
Grade 10 to 12 learners of various schools in the district, including Percy Mdala High in Knysna and Point High in Mossel Bay, had the chance to learn more about the function of the SARB. All these learners take economy as one of their school subjects.
"We are here to protect the value of the currency," said Nimrod Lidovho, SARB outreach manager, during his presentation at the George Civic Centre last Friday, 4 October. "We also produce money, but that is not our main function."
He had learners giggling when he demonstrated how difficult it would be to browse through the isles of the supermarket with a wheelbarrow full of gold, trying to decide whether you want a certain product or not. "Imagine you decide you don't want it after all," he said. "Then you have to go back home with such a heavy load." Lidovho's lively presentation was enjoyed by an appreciative audience. The SARB had a session with students of NMU the previous day, Thursday 3 October.
• Did you know? The South African Reserve Bank was established in June 1921.
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