The Standard Bank Young Artist Awards were established in 1981 to celebrate emerging South African artists who live their personal truth through their art and show exceptional talent in their chosen medium but have not yet received recognition and acclaim. 

Recipients of the award receive a cash prize as well as substantial financial backing for exhibiting at the National Arts Festival. Since the first Young Artist Award was given in 1981, more than 100 awards have been presented. This includes five very special awards to artists in recognition of their contribution to the National Arts Festival and the arts of South Africa.