DF Malan High School leads the charge in two categories
Johannesburg, 26 May 2015 – The Johannesburg Stock Exchange (JSE) Investment Challenge competitors are not slowing down in their quest to be crowned the 2015 winners. The winners of the Investment Challenge for the month of April demonstrated how the teams continue to grow their portfolios using smart investment strategies.
Through the JSE Investment Challenge, young people are given access to learn more about the world of finance and investment as well as the dynamics of the JSE. The Investment Challenge equips young adults with an opportunity to learn crucial life and financial skills, which will enable them to make informed decisions in future.
The April winners of the Investment Challenge are:
- In the Income portfolio category Dene Cremen, Daniel Hugo, Juane Cronje and Tiaan Spangenberg who make up the group – Impi Investment. They represent DF Malan High School.
- In the Equity portfolio is team Hypergrowth, who are also from DF Malan high school, came in at first place. The team includes Christoff Marais, Henro Spangenberg, Luke Nel and Simeon van den Berg; they achieved 6.87% growth for this portfolio.
- Kearsney College’s CM Traders outsmarted other teams in the Speculator portfolio; the team includes Matthew du Toit, Calvin Engelen and Ntinga Tshabalala. They recorded 10.20% increase in their portfolio.
Ralph Speirs, CSI Officer Issuer & Investor Relations at the JSE comments on the students’ achievements: “This year we are seeing a stronger hunger to win in the teams taking part in the challenge, they are determined to outsmart their counterparts and this makes the game more exciting. We wish to congratulate all the April winners of the JSE Investment Challenge We are proud of what the teams have achieved thus far and look forward to seeing what else they can accomplish as the game progresses.”
The monthly winners each walk away with R500 per team member, R500 for their teacher and R500 for their school.
Now in its 42nd year, the JSE Investment Challenge gives high school learners and university students the opportunity to manage a virtual portfolio of JSE-listed shares. Each team starts the competition with a virtual R1 million and tries to make this sum grow by investing it on the equity market. The Challenge has three different categories with differing risks associated with each of them. Teams can choose to compete in the Speculator portfolio (high risk), Equity Growth portfolio (moderate risk) or Income portfolio (low risk). These different games allow participants to select their appropriate wealth management strategy, testing their investment skills against peers.
More about the JSE Investment Challenge
This year’s competition has five top prizes for the annual winners valued at R60 000 per portfolio in the schools Challenge and another R60 000 in the university Challenge. The competition ends in September after which auditing will take place and the winners announced at the award ceremony held at the JSE in October 2014.
The schools challenge is targeted at secondary school learners.
- Any South African secondary school may enter one or more teams.
- Team members must be in grades 8, 9, 10 or 11 to be eligible to participate (it is recommended that learners in grades 8 and 9 participate in the income game).
- Grade 12 learners may also participate with the permission of the school principal.
- A team must consist of four members only.
- Each school must have a supervising teacher or mentor.
The university challenge is targeted at all tertiary institutions. All university students are eligible, but they must be currently registered with the same institution and may form teams – irrespective of field of study of team members. Each participating team may not be less than two members or more than four members at a time.
The Johannesburg Stock Exchange is based in South Africa where it has operated as a market place for the trading of financial products for 125 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). The JSE offers a fully electronic, efficient, secure market with world class regulation, trading and clearing systems, settlement assurance and risk management.
For further information, please visit www.jse.co.za