The Johannesburg Stock Exchange (JSE) is pleased to announce the winners of the third annual Virtual Trading Game (VTG). The winner of the Speculator Portfolio is Avuzwa Mphithi from the Western Cape, with Ivone Stanley from Gauteng taking top honours in the ETF/ETN Portfolio. The winners will take home R60 000 each.
The winners were announced at the 4th “Ring the Bell for Financial Literacy”, a campaign initiated by the World Federation of Exchanges (WFE) in partnership with the International Organisation of Securities Commissions (IOSCO) in support of World Investor Week (WIW). WIW is a global campaign aimed at raising awareness about the importance of financial literacy and to promote investor protection.
The VTG is an annual financial literacy programme that is focused on educating South Africans about investing on the bourse and the vital role of investment in the economy. Through the VTG, South Africans are able to gain real-life investing and trading skills and can learn about the fundamentals of trading as well as strategise around trading JSE-listed instruments.
The game depicts a simulated trading environment in which players invest R1 million in a risk-free environment. The player that achieves the highest return at the end of the competition wins R60 000 in investment vouchers.
Winners in the Speculator Portfolio hailed from Gauteng and the Western Cape. Following Avuzwa Mphithi as the winner, Bradley Minords and Eugene Smith from Gauteng took second and third place respectively. They will be awarded with R30,000 and R10,000 in investment vouchers.
The ETF/ETN portfolio saw Gauteng come out tops with Ivone Stanley as the winner. Second place, taking home a R30 000 voucher is Nadean Gopaulsingh from Kwa-Zulu Natal, and Avela Balintulo from the Eastern Cape, receives third prize with an investment voucher worth R10,000.
Since launching in 2021 the VTG has grown significantly from over 5000 entrants in 2022, to over 8600 in 2023.
Idris Seedat, Head: Transformation and CSI, says: “We’re seeing that South Africans have a keen interest in learning about financial markets and the increased uptake is testament to this. The VTG makes investing relatable and accessible to the general public.”
The VTG is open to South African residents and citizens that are not currently secondary or tertiary students, or professional investors.
To find out more about the competition, visit virtualtradinggame.jse.co.za.
ABOUT THE JSE
The Johannesburg Stock Exchange (JSE) has a well-established history of operating as a marketplace for trading financial products. It is a pioneering, globally connected exchange group that enables inclusive economic growth through trusted, world-class, socially responsible products, and services for the investor of the future. It offers secure and efficient primary and secondary capital markets across a diverse range of securities, spanning equities, derivatives, and debt markets. It prides itself on being the market of choice for local and international investors looking to gain exposure to leading capital markets on the African continent.
The JSE is currently ranked in the Top 20 largest stock exchanges in the world by market capitalisation, and is the largest stock exchange in Africa, having been in operation for 135 years. As a leading global exchange, the JSE co-creates unlocks value & makes real connections happen.
The JSE takes your privacy seriously in accordance with the POPI Act. We endeavour to only send you relevant information that we think will be of interest to you and the media title you work at. No action is required if you are happy to continue receiving JSE news and information. Should you change your mind at any time in the future, please do let us know. If you do not wish to receive JSE news and information, please respond to this email and we will remove you from future distributions.
JSE general enquiries:
Email: [email protected]
Tel: 011 520 7000
JSE media contact:
Tel: 011 520 7331 | Mobile: 066 261 7405
Email: [email protected]