Press Office Feature : Citadel ups prize money for journalism award
Citadel Investment Services
18 Jan 2011
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Role of media to inform and educate people about financial issues is now more crucial than everAs coverage of personal finance and investment issues continues to grow across all media, leading private client wealth management company Citadel announced an increase in the prize money for its Words on Money journalism award.
"Considering the effect the global economic meltdown of 2008 and 2009 had on consumers and investors here and abroad, the role of media to inform and educate people about financial issues is now more crucial than ever."
"We want to encourage quality reporting on these issues, which is why Citadel launched the award in 2000, and therefore the decision to increase the prize money for the 2011 award," says Joe Bester (Pictured right), Head of Marketing and New Initiatives at Citadel.
"We are encouraged especially by the growing coverage of these issues in consumer and leisure media, as these reach a much wider audience than the specialist finance and business publications," Bester added.
The overall winner in 2011 will receive prize money of R35 000, while each category winner, including the winner of the newcomer of the year category, will receive R10 000 each.
The Financial Planning Institute will continue its participation as a judge of the award, while seasoned business journalist and former Deputy Editor of Financial Mail, Michael Coulson, joins the 2011 judging panel.
Rob Rose of Business Times, currently in the US on a Niemann Fellowship, was the overall winner in 2010 while Bruce Whitfield, best known for his programme The World @ Six on 702 Talk Radio, was the overall winner of 2009. Seasoned journalist Bruce Cameron of Personal Finance has won the overall award a record four times.
The closing date for entries for the 2011 award is Friday 28 January 2011. All details are available on Citadels web site at www.citadel.co.za.
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Citadel Investment Services
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