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 19 Feb 2020
Posted by JSETestSuperEditor

Johannesburg, 13 February 2020: High school learners and university students are gearing up for participation in the 2020 Investment Challenge after the Johannesburg Stock Exchange (JSE) officially opened registrations for its flagship annual financial literacy game.

The competition enables school learners and university or higher education institution students to understand the fundamentals of investing by trading JSE-listed shares on a virtual trading platform. Now in its 47th year, this initiative has become synonymous with making the world of investing on the stock exchange, accessible to South Africa's youth. Last year the Investment Challenge attracted more than 23 000 participants, predominantly from rural areas. 

Corporate Social Investment (CSI) Officer at the JSE, Ralph Speirs says: "The impact we have had on our participants over the years is phenomenal, and we are looking forward to continuing in this stead in 2020. The Investment Challenge does not just equip the participants with life-long lessons which can be applied to build a strong financial future, it also benefits our communities through the sharing of knowledge that is gained throughout the year. This supports our objective of building financially literate communities." Speirs says that the JSE remains committed to driving financial literacy, and the Investment Challenge is a fun and effective way of achieving this.

The Investment Challenge runs from March to September each year and each team of four learners or students from the same school or institution, are given a virtual amount of R1-million which they trade on a simulated trading platform by investing in actual JSE listed shares over a six-month period.

The Investment Challenge is open to school learners between grades 8 and 12, and students from higher learning institutions. The various teams from schools and universities countrywide, compete with each other for monthly and annual prizes which are awarded to top performing teams, schools, teachers and mentors. The overall winning team receives R21 500 deposited into a Satrix Investment account, with the top performing university team also winning an all-expenses paid trip to an international stock exchange and R25 000.

"We strongly encourage schools, teachers and students to register and participate in the 2020 Investment Challenge. There is no better way to become financially literate than through this fun and interactive game," says Speirs.

For further information on the challenge please visit:

Schools challenge: http://schools.jse.co.za

University challenge: https://university.jse.co.za/

 

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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.

 

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

JSE contact: 

Pheliswa Mayekiso

Media and Internal Communications Manager Tel: +27 011 520 7495

Email: [email protected]

 

Ambani contact:

Tshililo Manenzhe

Account Manager

Tel: +27 011 888 8786/066 305 2388

Email: [email protected]