02.10.2020 14:14
Posted by JSE Admin

Johannesburg, 01 October 2020: According to Angela Duckworth, a psychologist from the University of Pennsylvania in the US, grit is the key ingredient in personal success, and the learners from Shikundu High School in Limpopo have proved the theory true as they scoop the top honours in the JSE Investment Challenge’s Equity Portfolio.

The NC-Xikundu Team from Shikundu High School hails from Shikundu, a poorly resourced school situated in the rural part of Limpopo, a short distance from Malamulele, the nearest town to the village with a population of just over 13 000 people.

“Our school is severely under-resourced – buildings are old and derelict. However, our learners showed that they too have determination,” says teacher Clintone Maluleke, who mentored the learners during the challenge.

The sad situation in our community is a reflection of the state of the local rural economy. Most of the people in Shikundu completely depend on government grants for survival. However, Maluleke says the learners he supervises in the JSE Investment Challenge team are not letting their circumstances determine their destiny. 

These first-time winners have demonstrated that grit is more important than their personal circumstances. Maluleke says the learners are also performing well in their academic studies –they are determined to overcome their current socio-economic conditions and he is very proud of the learners’ achievement.

Maluleke says the teachers were so excited about the learners’ success that they rewarded them by allowing them to access restricted Wi-Fi at the school which is available to teachers only. All along, Maluleke was personally sponsoring the team’s data costs for internet access which they needed to participate in the JSE Investment Challenge.

These learners may live in underprivileged communities but they are by no means lacking in ambition. Maluleke says some of the learners in the group want to become business owners while others dream of becoming renowned prize-winning economists after completing their studies.

Ralph Speirs, CSI Officer at the JSE says the learners from Shikundu High School display the drive and determination emblematic of the "kind of learners this programme was designed for".

Speirs adds: “We want this programme to change people’s lives on several fronts, fundamentally we would like to see more individuals becoming financially literate and independent. We also want it to serve as a doorway to a world of possibilities”. 

ACUDEO College Crystal Park, which features regularly in the winners' list,  kept up the pace in August with the school’s "Jean-Jacques Dessalines – ACCP" team winning the Income Portfolio for the month. 

Harriet Hubman – ACCP, also from the same college, won the Speculator Portfolio and team "Piker" from the University of Cape Town completed the winners’ list for the month by claiming the top prize in the University category of the Speculator Portfolio.


 

ABOUT THE JSE


The Johannesburg Stock Exchange (JSE) has a well-established history operating as a market place for trading financial products. We are 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. We offer secure and efficient primary and secondary capital markets across a diverse range of securities, spanning equities, derivatives and debt markets. We pride ourselves on being the market of choice for local and international investors looking to gain exposure to leading capital markets on the African continent. We are 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 130 years. 

As a leading global exchange, the JSE co-creates, unlocks value & makes real connections happen. 

For more information or to arrange for an interview, please contact: 

 

Ambani contact:

Tshililo Manenzhe
Account Manager
Tel: +27 011 888 8786/066 305 2388
Email: tshililo@ambani.co.za