The Johannesburg Stock Exchange (JSE) invites all university students interested in the investment world to register for the 2018 JSE Investment Challenge, running from March to September.
The Investment Challenge, now in its 45th year, gives students and high school learners an opportunity to test and practice their investing skills by investing on the stock market using a virtual sum of R1 million.
“South Africans are generally not good savers when compared with other countries around the globe, and the JSE believes that one of the ways to address this concern is through reaching out to the youth and teaching them about the importance of saving and investing from a young age,” said Ralph Speirs, the corporate social investment officer at the JSE.
The Investment Challenge gives young people an opportunity to engage with the world of investing by buying shares in a virtual portfolio and, at the same time, be in line to win some excellent prizes.
Participants for both the Schools Challenge and the University Challenge are required to group themselves into teams made up of a maximum of four learners. For the University Challenge, a minimum of two and a maximum of four students are required per team. Each team is given a virtual sum of R1 million which they can use to trade JSE-listed shares. This virtual arena allows young people to practise trading in a risk-free environment.
First place winners will get R25,000 plus an all-expenses paid trip to an international stock exchange. Contestants in second place receive R20,000 and those in third place, R15,000. This year for the first time there will also be monthly prizes for university students to the value of R3,000 per month.
For the Schools Challenge, each month the best performing school team in each portfolio will win R3,000 per team. There are final prizes for the top five school teams to the value of R180,000 for all three portfolios.
“Registrations for the 2018 Challenge are still open. The JSE encourages the youth of South Africa to register and broaden their understanding of how the stock market works. This is also an opportunity to prepare them for the future in the case when they will be earning salaries and needing the investing and saving avenues to put their monies,” Speirs said.
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