MiGoals Youth competition

Terms and conditions

1. The promoter

Nedbank Limited, registration number 1951/000009/06 (we, us, our), runs this competition. We reserve the right to make it available to a select group of Nedbank clients only. 

2. Competition period

The competition starts on 23 December 2024 and ends on 14 March 2025 (competition period).

3. Who can and cannot participate in the competition

3.1 A participant (you, your) must:

3.1.1 be between the ages of 16 and 26 years;

3.1.2 have a valid South African ID;

3.1.3 be an existing Nedbank MiGoals accountholder; and

3.1.4 ensure that your account is in good standing, which means that it may not be in arrears or have been handed over for legal collection.

3.2 Our employees (including temporary and contract employees and their spouses and children), associated companies, agents, contractors and sponsors, may not participate in the competition. 

4. How to enter

4.1 To receive an entry and stand a chance to win the prize, you must do any one of the following for each month during the competition period:

4.1.1 Buy data, airtime, SMS bundles, water or electricity of at least R500 using the Nedbank Money app or Online Banking.

4.1.2 Deposit at least R500 into your MyPocket.

4.1.3 Deposit at least R500 of your monthly income (salary, wages or pocket money) into your MiGoals account.

4.2 You may have only 1 entry.

5. The prize

Three participants will win the following prizes during the competition period:

5.1 December 2024 One participant will win a Sony PlayStation 5 Slim Console (disc).

5.2 January 2025 One participant will win a Sony PlayStation 5 Slim Console (disc).

5.3 February 2025 One participant will win R15 000 in cash. 

6. Selection of the winners

6.1 The random computer-generated draws to select the 3 winners will take place on the following dates via Microsoft Teams and will be recorded:

6.1.1 24 January 2025 December winner

6.1.2 28 February 2025 January winner

6.1.3 14 March 2025 February winner 

6.2 You can win only once.

6.3 If you win, the following applies:

6.3.1 You will receive the prize only after we have verified and confirmed your details, including your compliance with these terms and conditions.

6.3.2 We will email you on the contact details we have on record for you within 5 business days of the draw date.

6.3.3 Following the email in 6.2.2, if you have won a PlayStation, we will call you on the number we have on record for you within 7 business days of the draw date to confirm your preferred delivery method (courier or in-branch collection) for your prize and, if you choose courier delivery, your preferred delivery address.

6.3.4 We will try to contact you up to 3 times. If we cannot get hold of you on the third try, you will forfeit the prize and we will choose a new winner.

6.3.5 If you have won the cash prize, the money will be paid into your MiGoals account with 30 business days of the draw date.

6.3.6 We will not be responsible for any technical failures affecting your participation in the competition or if your entry has been left out from participation.

6.3.7 If a dispute arises, our decision will be final and binding on all aspects of the competition, and we will not discuss the matter further.

6.3.8 All costs or expenses relating to the prize that have not been mentioned here are excluded.

6.3.9 We will not be responsible for any delays in your taking up the prize. 

6.3.10 We will not be responsible for any additional conditions that third parties impose.

6.3.11 We will give the prize directly to you and not to anyone else and will not be replaced with nor redeemable for cash, where applicable.

6.3.12 We will not be liable for delays or failure to deliver any part of the prize resulting from acts beyond our reasonable control. We will let you know as soon as reasonably possible if the prize is affected in this way.

6.3.13 We reserve the right to replace the prize at any time with another of similar commercial value.

7. General

7.1 All information about this competition, including information that is published on any promotional material, is part of these terms and conditions.

7.2 By participating in the competition, you agree to be bound by these terms and conditions.

7.3 These terms and conditions are available on our website at nedbank.co.za throughout the competition period.

7.4 We may ask you to consent in writing to endorsing, promoting and advertising any of our services, without payment. If you decline our request, you will still receive the prize. 

7.5 By entering and participating in this competition, you acknowledge that your personal information needed for the competition will be shared with us and our agents, but only to the extent necessary for this competition. Your personal information will be used in line with South African consumer and data protection laws.

7.6 We may extend, shorten or cancel the competition immediately and without notifying you if it is permitted by law, if we must do so by law, or for reasons beyond our control. If this happens, you will give up any rights that you may have in terms of this competition and you will have no recourse against us or our agents, contractors or sponsors as a result of the extension, shortening or cancellation.

7.7 We or our directors, employees, agents or suppliers will not be responsible for any direct or indirect loss or damage resulting from your participation in the competition, or for any accident, injury, harm, costs, or death that you or any other person who participates in the offer sustains at any point during the fulfilment of the prize. 

8. More information 

For more information about the competition, call us on 0800 555 111.