After six months of competing for the number one spot in the Johannesburg Stock Exchange (JSE) Investment Challenge, high school learners and university students gathered at the JSE Centre in Sandton for the 46th annual Investment Challenge awards on 18 October.
The annual competition provides school learners and university students to understand the basics of investing by trading JSE-listed shares on a virtual trading platform. This year’s competition saw 421 schools compete with the majority being from rural areas. Each school and university team was given a fictitious amount of R1 million to invest on a virtual trading platform that mimics the live stock market, but without any real risks.
The competition consisted of three categories – income, equity and spectacular portfolios – for high schools while universities competed in the University Speculator Portfolio which was won by 100 Baggers from the University of Cape Town. School learners and varsity students were provided a head start to building a secure financial future with a Satrix ETF investment which enables them to grow their winnings through smart investment decisions.
“Our aim is to demystify investment through building a financially literate society from as early as high school. Equipping these learners with the fundamental skills required to build wealth, is part of how we are going about it,” said Ralph Speirs, corporate social investment (CSI) officer at the JSE.
Monthly and annual prizes were awarded to the best performing schools, institutions teachers or mentors. The overall winning team members each received R4 000 deposited into a Satrix Investment account, with the top performing university team also winning a trip to an international stock exchange plus R25 000.
The bizzar investors-PCCP from Acudeo College Crystal Park, were the winners of the Equity Portfolio. Maths teacher, Giba Mahlangu said, “This financial exposure to the financial market broadens [the learners’] horizons in terms of entrepreneurship and other opportunities that are out there.”
Schools Challenge – Income Portfolio winners:
- First place: KCC-Traders, King’s Commercial College, Eastern Cape
- Second Place: IZI BAD BOYS, Zimele High School, Eastern Cape
- Third Place: KCC-Commercials, King’s Commercial College, Eastern Cape
- Fourth Place: IZI Future leaders, Zimele High School, Eastern Cape
- Fifth Place: Lethas D, Lethukuthula Secondary School, Gauteng
Schools Challenge – Equity Portfolio winners:
- First Place: The bizzar investors-PCCP, Acudeo College Crystal Park, Gauteng
- Second Place: Fortius Quo Fidelius, Hoërskool DF Malan, Western Cape
- Third Place: JJJM, DF Malan School, Western Cape
- Fourth Place: Steyn City School – Grade 10A (2019), Steyn City School, Gauteng
- Fifth Place: PHS, Pearson High School, Eastern Cape
Schools Challenge – Speculator Portfolio winners:
- First Place: Wise Owls, Queensburgh Girls High School, KwaZulu-Natal
- Second Place: GKBK Pupils, Grenville High School, North West
- Third Place: Minfin Capital, Herzlia High School, Western Cape
- Fourth Place: The PHD’s, Ashton International College Benoni, Gauteng
- Fifth Place: Prophets of Profit, Reddam House Durbanville, Western Cape
University Speculator Portfolio winning teams:
- First place: 100 Baggers, University of Cape Town
- Second place: Gym buddies, Nelson Mandela University
- Third place: ARBITRAGE, University of the Western Cape.
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