Johannesburg, 20 October 2017: The Johannesburg Stock Exchange announced the winners of the JSE Investment Challenge, South Africa's largest financial literacy initiative, during a ceremony at their Sandton offices this afternoon.
The Investment Challenge, now in its 44th year, is a focused and far reaching educational programme aimed at introducing South African high school learners and university students to the JSE and its role in wealth creation while contributing to the country's economic growth. It enables students to become aware of the fundamentals of investing on the JSE and encourages a culture of saving.
The annual competition is an invaluable source of financial knowledge that they would not be ordinarily exposed to. Ralph Speirs, CSI Officer for Marketing and Corporate Affairs says, "We are proud of how the Challenge has grown and of being a catalyst in providing the youth with an opportunity to learn about investing."
This year, school enrolment increased by 18% while university enrolment increased by 14%. The JSE also saw an increase in the following provinces: Gauteng, by 38% and KwaZulu Natal by 10%.
Speirs says the participants have performed exceptionally well in this year's Challenge which took place from March to September. The top performing teams managed to grow their portfolios by between 6% and 45%. "The winning teams have generated exceptional investment returns. Although the participants in the Investment Challenge trade in a risk-free environment because they hold virtual portfolios, the competition still requires them to weigh different investment options against each other and to manage their portfolios to maximize returns."
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 winning teams in the University Speculator portfolio
First place: Neverest from Stellenbosch University
Second place: Sulazyman from University of Cape Town
Third place: NK from Nelson Mandela Metropolitan University
The Schools Challenge works differently and the prizes are awarded monthly to the winning teams. The final prizes, handed over at the awards ceremony are valued at R180 000 for all three portfolios.
The winning teams in the
First place: Cool Boys Lethas from Lethukuthula Secondary School
Second place: Lethas JSE Traders from Lethukuthula Secondary School
Third place: Adorable Boys Lethas from Lethukuthula Secondary School
Fourth place: Nustycees Mrse from Liberty Community School
Fifth place: The Googles from UJ Metropolitan Academy
First place: BTMM 2.o from Gansbaai Academia
Second place: The Trumpettes from HoërSKOOL DF MALAN
Third place: Gold Diggars from Empangeni High School
Fourth place: Money Makers QGHS from Queensburgh Girls High School
Fifth place: Gold G'$ from Queensburgh Girls High School
First place: Relax & Trade from Maritzburg College
Second place: Msqua from Montarena Secondary School
Third place: Sneaky Snakes from Stellenbosch High School
Fourth place: JSE2017 from Reddam House College Constantia
Fifth place: O.P Group from Waterfall College
"Every year we look forward to learners throughout South Africa excelling and discovering their potential through participation in the JSE Investment Challenge. This is a game without boundaries and we encourage the youth to participate and explore the world of investing," concludes Speirs.
Registrations for next year's challenge will open in January 2018. The JSE invites the youth around the country to join the game and flex their investment muscles.
To find out more, visit:
http://schools.jse.co.za or contact the Investment Challenge coordinators on 011 520 7344/ 7129. For further interaction, visit the JSE Challenge
Nicky Newton-King, CEO of the JSE and Team Neverest from University of Stellenbosch - taking first place in the Speculator Portfolio (University Challenge).
Team Relax & Trade from Maritzburg college - taking first place in the Speculator Portfolio
Cool Boys Lethas from Lethukuthula Secondary School - taking first place in Income Portfolio
Team BTMM 2.o from Gansbaai Academia - taking first place in the Equity Portfolio
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 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) and holds the chairmanship of the Association of Futures Markets (AFM). The JSE offers a fully electronic, efficient, secure market with world class regulation, trading and clearing systems, settlement assurance and risk management.