14th May 2014, Johannesburg. The April winners of the JSE Investment Challenge have not only outwitted their fellow competitors, but also managed to outperform the JSE’s All Share Index.
The April leg of the competition ran from 10 April to 9 May and during this period the All Share Index climbed by just over 1%. Super Traders 2.0, a team from Maritzburg College in Pietermaritzburg, won the Equity Growth category of the Challenge after their portfolio posted a return of 9,5% during the same period. This team is made up of Mohamed Ebrahim Asmal, Muhammad Riyadh Aziz, Dylan Grubb and Ryan Hodgeson.
TSJ, a team from Parktown Boys High in Johannesburg, made their mark as winners of the Speculator category with a return of 4.5%. The team members are Ross Heubner, Mokgeseng Ramaisa, Charl Pauwels and Brishan Kalyan. Lethunqoandiswa from Ekwaluseni High School in Bergville, KwaZulu Natal won the Income category after cashing in a virtual R5 500. Lethukuthula Radebe, Nhobile Mthembu, Andiswa Hlatshwayo and Thabiswa Mkhize make up this team.
“I would like to congratulate these teams on their successful run last month. It is clear that the competition is tough, but new teams can still register to participate if they want to take on the current leaders in the coming months. The monthly winners each walk away with R500 per team member, R500 for their teacher and R500 for their school,” says Idris Seedat, Manager: Investment Challenge.
The JSE Investment Challenge gives high school learners and university students the opportunity to manage a virtual portfolio of JSE-listed shares. Each team starts the competition with a virtual R1 million and tries to make this sum grow by investing it on the equity market. The Challenge has three different categories with differing risks associated with each of them. Teams can choose to compete in the Speculator portfolio (high risk), Equity Growth portfolio (moderate risk) or Income portfolio (low risk). These different games allow participants to select their appropriate wealth management strategy, testing their investment skills against peers.
This year’s competition has five top prizes for the annual winners valued at R60 000 per portfolio in the schools Challenge and another R60 000 in the university Challenge. The competition ends on 26th September after which auditing will take place and the winners announced at the award ceremony held at the JSE in October 2014.
The schools challenge is targeted at secondary school learners.
Any South African secondary school may enter one or more teams.
Team members must be in grades 8, 9, 10 or 11 to be eligible to participate (it is recommended that learners in grades 8 and 9 participate in the income game).
Grade 12 learners may also participate with the permission of the school principal.
A team must consist of four members only.
Each school must have a supervising teacher or mentor.
To register go to: http://schools.jse.co.za
The university challenge is targeted at all tertiary institutions.
All university students are eligible, but they must be currently registered with the same institution and may form teams - irrespective of field of study of team members. Each participating team may not be less than two members or more than four members at a time.
To register go to: http://university.jse.co.za
ABOUT the JSE
The Johannesburg Stock Exchange is based in South Africa where it has operated as a market place for the trading of financial products for 125 years. It connects buyers and sellers in equity, derivative and debt markets. The JSE is one of the top 20 exchanges in the world in terms of market capitalisation and is a member of the World Federation of Exchanges (WFE). The JSE offers a fully electronic, efficient, secure market with world class regulation, trading and clearing systems, settlement assurance and risk management.
For further information, please visit www.jse.co.za