Get in the Game and register for the 2017 JSE Investment Challenge
Johannesburg, 7 February 2017. High school learners and university students interested in the investment world can now register for South Africa’s largest financial literacy initiative, the 2017 JSE Investment Challenge. Now in its 44th year the Challenge continues to educate the youth about financial markets and investing.
Last year, the Investment Challenge grew in the number of both school and university team entrants. Participation in the Schools Challenge increased by 30%, from 9 742 school participants in 2015 to 12 618 in 2016. In the University Challenge, numbers increased from 2 776 in 2015 to 3 103 in 2016.
“The JSE is invested in educating the youth in our country about investing and this challenge allows us to achieve this goal. We would like to see this challenge grow even further in 2017,” says Ralph Speirs, CSI Officer at the JSE.
The Investment Challenge initiative allows learners and students to buy shares in a virtual portfolio and practise trading in a risk-free environment. Each team is given a virtual sum of R1 million which they can use to trade JSE-listed shares. Speirs explains, “The Challenge consists of two sections: the Schools Challenge and the University Challenge. Participants for the Schools Challenge are required to group themselves into teams made up of four learners. For the University Challenge, teams can vary from two to four students.”
In the University Challenge, the top three prizes are valued at R60 000, with first place winners getting R25 000 plus an all-expenses paid trip to an international Stock Exchange. The contestants in second place receive R20 000 and those in third place, R15 000.
The Schools Challenge works differently and awards the winning team monthly. Prizes include R2 000 for the best performing team, R500 for the teacher and R500 for the school. The final prizes, which are awarded at the annual award ceremony scheduled for later in the year, are valued at R180 000 for all three portfolios.
Speirs concludes, “Registrations for the 2017 challenge are now open. The JSE invites the youth of South Africa to get in the game and increase their investment knowledge, while also standing a chance to win some great prizes.”
ABOUT THE JSE
The Johannesburg Stock Exchange is based in South Africa where it has operated as a market place for the trading of financial products for almost 130 years. It connects buyers and sellers in equity, derivative and debt markets. The JSE is one of the top 20 exchanges in the world in terms of market capitalisation and is a member of the World Federation of Exchanges (WFE). The JSE offers a fully electronic, efficient, secure market with world class regulation, trading and clearing systems, settlement assurance and risk management.
Tel: 011 463 2198
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