Schools and universities are encouraged to enter the 2021 edition of the annual Johannesburg Stock Exchange Investment Challenge.
The challenge is the exchange’s flagship youth CSI programme that aims to teach South African learners and students about investing in the JSE and the larger role that such investments play in the economy.
Participants get to test their share trading skills through a simulated ‘ghost trading’ programme. Each team is given a virtual sum of R1 million to invest in JSE-listed shares. Their performances are then tacked and measured against other teams participating in the challenge.
The challenge team is hoping to attract more schools and universities in underdeveloped areas in this 48th instalment of the event.
The aim is to drive financial literacy and expose youth to the exciting world of finance and investment.
CSI officer at JSE Ralph Speirs said, “We are very excited to start this year’s investment challenge and look forward to bringing the competition to more South African youth.
“We will be conducting the competition virtually once again due to the pandemic and with the learnings and insights acquired from last year’s edition, we are ready to push the envelope and take things to a new level.”
Speirs said the competition aimed to demystify the JSE and grant participants an opportunity to immerse themselves in investment and learn how the stock market worked.
There are monthly and annual prizes up for grabs. At the end of the competition, members of the top-performing high school team will each get a cash deposit into a Satrix Investment Account while the top-performing university team wins a trip to an international stock exchange.
“The investment challenge is truly a game-changer and does not discriminate as anyone who has an interest in the competition can participate. “We provide much-needed assistance throughout the competition to ensure that schools that are under-resourced don’t fall on the wayside.”
To register, visit www.schools.jse.co.za or visit them on Facebook @jsechallenge to follow your school’s progress.
Entries close at the end of April.
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https://www.citizen.co.za/sandton-chronicle/239342/grooming-future-entrepreneurs/
