Johannesburg, 29 July 2015 – As the game progresses, the competitors are dedicated to increasing their understanding about financial markets. They are keen to experience how great team work can lead to prosperity. Each team has been working together to win the ultimate price in October.
“Many South Africans believe that you have to be a millionaire in order to invest on the stock exchange. Through this game we try to demystify this perception – one can start investing in the JSE with as little as R300 per month”, says Ralph Speirs, CSI Officer Marketing and Corporate Affairs. The game, therefore, is a self-starter for young people to deal with finances at a young age. The JSE helps to shape a generation that’s informed about what the financial services industry offers.
“The June winners in the three portfolios have shown great courage. As the saying goes: Coming together is a beginning, keeping together is progress, working together is success.” The competition also showcases and promotes the power of great teamwork. We are glad that young people are adding into each other lives through this exciting experience,” says Speirs.
- Income Portfolio – representing Sandisiwe High School in Eastern Cape, is Sandisiwe 5. The team includes Anelisa Sithole, Esinawo Gqomfa, Onike Nondlazi and Siyanda Simoyi.
- Equity Portfolio – Maritzburg College’s Alliance Traders won this month. The team comprises of Muhammad Essa, Muhammed Ashraf Jooma, Muhammed Husain Kassim and Zafar Moosa.
- Speculator Portfolio – Rajvir Rajaram, Salmaan Parak, Xolisa Madikizela and Damian David Emmanuel make up the Classic Traders. The team also represents Maritzburg College in Kwa-Zulu Natal.
Speirs adds, “We would like the game to emphasise that despite upturns and downturns, the industry has enjoyed a long history as a sought-after career destination for young, bright and ambitious professionals.”
The competition is for high school learners and tertiary students. Participants compete in teams of four members which each allocated an imaginary sum of R1 million they can use to trade JSE-listed shares. This virtual arena allows young people to put their heads together and trade in a risk-free environment. 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. This year’s competition has five top prizes for the annual winners valued at R60 000per 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 2015.
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.
To register go to: http://schools.jse.co.za
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.
To register go to: http://university.jse.co.za
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