Are you are learner or student with a keen interest in investments and the stock market? Now is your chance to show your mettle.
The Johannesburg Stock Exchange (JSE) has officially opened registration for its 2019 Investment Challenge.
The JSE says in a statement that the challenge, which draws in school learners and university students with an interest in investment and stock markets, is in its 46th year.
According to the statement the initiative has over the decades come to be highly regarded as an instrument that introduces the country’s youth to investing and the stock exchange. Last year the challenge attracted more than 22 000 school learners and university students.
Corporate Social Investment (CSI) Officer at the JSE, Ralph Speirs, says: “This challenge is a great vehicle for financial literacy. There are plenty of valuable lessons on investment that young bright minds take away from participating in a challenge of this nature.”
Speirs says that the JSE Investment Challenge, which runs from March to September each year, impacts more than just the lives of the young people who participate. Through the learners’ and students’ participation, the message is spread throughout their communities.
The challenge takes the form of a simulator where each team of four learners or students from the same school or institution are given an imaginary sum of R1-million. With this imaginary amount the teams trade on the stock market and invest in actual JSE listed shares over a six-month period.
Participation is open to school learners between grades 8 and 12 as well as students from higher learning institution. The various teams compete with other teams from schools and institutions, countrywide. There are plenty of prizes to be won monthly. There are also annual prizes for top performing teams, schools, teachers and mentors.
The team that wins the JSE Investment Challenge receives cash deposits into an investment account for each of the team members and the top performing university team is awarded a trip to an international stock exchange.
For more information on the challenge visit: http://schools.jse.co.za.