JSE/Liberty Investment Challenge
With less than two months left in the competition, the JSE Liberty Investment Challenge announces its July winners. The latest winners are Lobethal Independent School in the Income portfolio with an income of R 14,737.83 for the month; Reddam House Atlantic Seaboard was the winner in the Equity portfolio and Montarena Secondary School in the Spectacular portfolio category.
"We are extremely pleased to announce the July competition winners and congratulate those teams that have scooped top place this past month. Competition is fierce with over 1600 teams competing in this year's school's Challenge," says Idris Seedat, Manager: CSI in the JSE's Education Division.
The Income portfolio winners were "Lobza Diggers" from the Kwa-Zulu Natal Midlands, with learners Thembelihle Dlamini, Daniel Moll, Sakhumuzi Mtshali and Siyanada Zimba. The Spectacular portfolio team winners were "RM 22" from Chatsworth with team members Kimeshnee Lutchmiah, Cherise Devnarain, Prakashnee Nydoo and Prinscille Naidoo scoring highest in this category; and winners of the Equity portfolio, the "Gogreen Team" from Seapoint with learners Hlumelo Swartz, Jordan Gozzett and Miguel Pera,".
The Challenge runs three distinct streams and teams must select the “risk” portfolio that they wish to take part in. The options are Speculator Portfolio (high risk), Equity Growth Portfolio (moderate risk) and Income Portfolio (low risk). These different games allow participants to select their appropriate wealth management strategy, testing their investment skills against peers.
The school team with the best performance for the month in each portfolio will win R3000. Some hard lessons were learnt by the teams in the month of March as there are no winners in the Income Portfolio category.
This year’s competition has five top prizes for the annual winners valued at R60 000 per portfolio in the schools Challenge while the university Challenge has three top prizes also valued at R60 000 plus an all-expenses paid trip to an international stock exchange.
The competition ends on 27th September after which auditing will take place and the winners announced at the award ceremony held at the JSE in October 2013.
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