Beware of "JSE Investment" scams

The JSE Limited/ Johannesburg Stock Exchange (JSE) is aware of a several scams (on Telegram and WhatsApp) posing as authorised JSE investment schemes and/or using the names(s) of JSE Executives (including our CEO, Leila Fourie).

In these investment scams, potential investors are urged to deposit money into a bank account and promised quick and guaranteed returns on their investment. These types of groups are not authorised by the JSE and the investments referred to are not authorised or endorsed by the JSE or any members of the JSE Executive. The JSE does not recruit investors in this manner.

The only way to invest on the JSE is via an authorised JSE stockbroker. A list of stockbrokers can be found on www.jse.co.za and then click on 'find a stockbroker' and you will find a list of stockbrokers in your area who will help you to open an account and you can begin your investment journey with the JSE.

Should you suspect a false investment scam group, please report these to the JSE at [email protected].

Published 30 Oct 2019
Posted by JSETestSuperEditor

Johannesburg, 18 October 2019: 23 000 high school learners and university students have spent the last six months competing for the number one spot in the Johannesburg Stock Exchange (JSE) Investment Challenge, which is the Exchange's flagship programme.

The annual competition enables learners and students to understand the fundamentals of investing by trading JSE-listed shares on a virtual trading platform. Of the 421 schools that competed this year, the majority are from rural areas. Teams from the Eastern Cape dominated by winning the top four awards in the Income category. Mentors from the Walter Sisulu University in Mthatha, who previously participated in the Investment Challenge, have been instrumental in the teams' success because of their continuous engagement and giving of their time to the learners.  

Ninety-five universities and colleges across South Africa participated in the challenge this year.

Each winner gets a head start to building a secure financial future with a Satrix ETF investment which enables them to grow their winnings through smart investment decisions.

"Our aim is to demystify investment through building a financially literate society from as early as high school. Equipping these learners with the fundamental skills required to build wealth, is part of how we are going about it," says Ralph Speirs, CSI Officer at the JSE. "We believe that this initiative will be a life-long lesson that can impact what they do with their first income and every earning in their adult life going forward. I am particularly encouraged to see a lot more rural schools not only participating in the investment challenge, but winning top positions whereas in the past, it was predominantly the metro schools that performed well." Speirs says the JSE is playing a responsible role by teaching learners 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 a fictitious amount of R1 million to invest on a virtual trading platform that mimics the live stock market, but without any real risks.

Monthly and annual prizes are awarded to the best performing teams, their schools, and their teacher or mentor. The overall winning team members each receives R4,000 deposited into a Satrix Investment account, with the top performing university team also winning a trip to an international stock exchange plus R25000.

 

Winners of the 2019 Investment Challenge are:

The Schools Challenge:
 

Income Portfolio

  • First place: KCC-Traders, King's Commercial College, Eastern Cape
  • Second Place: IZI BAD BOYS, Zimele High School, Eastern Cape
  • Third Place: KCC-Commercials, King's Commercial College, Eastern Cape
  • Fourth Place: IZI Future leaders, Zimele High School, Eastern Cape
  • Fifth Place: Lethas D, Lethukuthula Secondary School, Gauteng 


Equity Portfolio:

  • First Place: The bizzar investors-PCCP, Acudeo College Crystal Park, Gauteng
  • Second Place: Fortius Quo Fidelius, Hoërskool DF Malan, Western Cape
  • Third Place: JJJM, DF Malan School, Western Cape
  • Fourth Place: Steyn City School - Grade 10A (2019), Steyn City School, Gauteng
  • Fifth Place: PHS, Pearson High School, Eastern Cape

Speculator Portfolio:

  • First Place: Wise Owls, Queensburgh Girls High School, KwaZulu-Natal
  • Second Place: GKBK Pupils, Grenville High School, North West
  • Third Place: Minfin Capital, Herzlia High School, Western Cape
  • Fourth Place: The PHD's, Ashton International College Benoni, Gauteng
  • Fifth Place: Prophets Of Profit, Reddam House Durbanville, Western Cape

 

Winning teams in the University Speculator portfolio:

  • First place: 100 Baggers, University of Cape Town
  • Second place:  Gym buddies, Nelson Mandela University
  • Third place: ARBITRAGE, University of the Western Cape
     

To find out more, visit: https://schools.jse.co.za and https://university.jse.co.za or contact the Investment Challenge coordinators on 011 520 7344/7129. For further information, visit the JSE Challenge Twitter and Facebook pages.

 

ENDS

  

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. www.jse.co.za  

 

Ambani Reputation Management:

Mathilda Mogale

Tel: +27 11 888 8786/066  481 2326

Email: [email protected]