Click Here visit the new JSE website >>
Johannesburg, 19 October 2018:
More than 22 000 high school learners and university students have gained a solid understanding of how to invest in the stock market this year through the Johannesburg Stock Exchange (JSE) Investment Challenge.
This competition, now in its 45
year, is an ongoing annual competition that enables learners and students to become aware of the fundamentals of investment strategy, encouraging them to research and strategise issues surrounding the trading of JSE-listed shares. Of the 400 schools competing this year, three quarters are in disadvantaged areas, with teams from Lethukuthula Secondary School in Katlehong, Gauteng, winning four of the top five awards in the Income category. This school is clearly producing financially savvy learners, as the same school won two awards last year.
Each of the winners gets a secure start to their financial future by winning prizes in the form of a Satrix Investment Plan so they can continue to grow their winnings through smart investment decisions.
The Investment Challenge is the JSE's flagship project for consumer education and part of its corporate social investment (CSI) initiatives. "Our aim is to grow a more financially literate society by giving these students the fundamental skills required for being financially savvy and responsible," says Ralph Speirs, CSI Officer at the JSE.
"We demystify the JSE for them so when they start earning an income they will know exactly what to do with it. It's not only about the potential returns but fundamentally understanding how the stock market works."
Speirs says the JSE is playing a responsible role by teaching the value of consistent saving and investing for the long-term, in a country with a low savings rate and little long-term retirement planning.
Each school and university team is given an imaginary R1million to make decisions and make mistakes on a virtual trading platform that mimics the live stock market, but without any real risks over a six month period.
There are monthly and annual prizes for the best performing teams, their schools, and their teacher or mentor. The overall winning team members each have R4,000 deposited into a Satrix Investment account, while the top performing university team also wins a trip to an International Stock Exchange.
The game also exposes the players to a potential career as a broker, or to other career paths in the financial sector.
The winners attended a prize-giving ceremony at the JSE in Sandton on Friday, October 19, where they were awarded their prizes.
Winners of the JSE Investment Challenge 2018:
Lethas Maude Str. Traders, Lethukuthula Secondary School, Gauteng.
Lethas Stock Operators, Lethukuthula Secondary School, Gauteng
IZI-MSZS, Zimele High School, Eastern Cape
Lethas Market Genius,
Lethukuthula Secondary School, Gauteng
Lethas Bulls, Lethukuthula Secondary School, Gauteng
PHS, Pearson High School, Eastern Cape
Sneaky Snakes, Stellenbosch High School, Western Cape
Fortius Quo Fidelius, DF Malan School, Western Cape
MJJJ, DF Malan School, Western Cape
The PHDs, Ashton International College, Benoni, Gauteng
Bull Traders, Assumption Convent School, Gauteng
Ashton International College, Benoni, Gauteng
Infininininin...tea, Victory House Private School, Gauteng
PBHS Small loan of a million dollars, Pretoria Boys High School, Gauteng
Ephemeral Style, Waterfall College, KwaZulu-Natal
Winning teams in the University Speculator portfolio:
UCTINV Donuts & Co, University of Cape Town
Sneaky Pofadders, University of Stellenbosch
Fire Breathing Rubber Ducks, University of South Africa
To find out more, visit:
or contact the Investment Challenge coordinators on 011 520 7344/ 7129. For further interaction, visit the JSE Challenge
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.
Shenanda Janse van Rensburg
Media and Internal Communications Manager
Tel: +27 011 520 7000
Senior Communications Officer
Tel: +27 011 520 7227
Ambani Reputation Management:
Tel: +27 11 888 8786/066 305 2388