High hopes for the future of the economy as JSE Investment Challenge sees record participation
This year’s Johannesburg Stock Exchange (JSE) Investment Challenge was a great success, not only seeing record numbers of participation but this year’s students outperformed the all-share index.
With a record number of 24 000 participants, this year’s Johannesburg Stock Exchange (JSE) Investment Challenge’s top traders showed better returns than the all-share index despite the prevailing trading environment.
This was according to JSE director of marketing and corporate affairs Vuyo Lee at the Investment Challenge Awards on October 21 in Sandton.
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The Investment Challenge aims to stimulate students’ and learners’ interest in financial literacy so that they can continue to self-educate throughout their lives.
“Throughout the year, various teams from schools and tertiary institutes across South Africa participated in the JSE Investment Challenge and some teams created portfolios that outperformed their fellow competitors,” said Lee.
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“Today [October 21] we recognise the hard work of those teams because you [learners and students] represent the future of the JSE and the future of South Africa.”
Lee added that the significance of the investment challenge was to teach the youth the importance of investing and the dynamics of the stock exchange.
“I would like to thank this year’s participants for their interest in enhancing their understanding of this very dynamic world of trade and investment. We at the JSE hope that through the challenge you have found yourself more curious and excited about personal finance.”
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Acudeo College Crystal Park was a big winner at this year’s awards with eight of its teams winning prizes in both the income and equity portfolios.
The CHS WallStreet team of Clairemont High School in the Western Cape walked away with the top prize in the high schools’ speculator category.
The University of Witwatersrand took home first place for its speculator portfolio.
