After a year of strategising, investing and team work, the top teams in the JSE/Liberty Investment Challenge 2012 have been announced. These top achievers have been awarded for their outstanding performance in the Investment Challenge at a prestigious awards ceremony held recently at the JSE, with winners receiving their well deserved prizes.
A selection of the top five high schools that have excelled in the Equity and Speculator Portfolios have been made and prizes amounting to R60 000 per portfolio awarded to the school teams. There were no winners in the Income Portfolio due to the teams’ failure to protect capital against inflation. For the winning university students, a top prize of an all expenses paid trip to the New York Stock Exchange plus R25 000 has also been awarded.
Representing the Kwa-Zulu Natal province in the moderate risk Equity Portfolio are three teams, taking first, second and fourth positions. In first and fourth position are teams from Maritzburg College; the Genius Investors are Back team who emerged as monthly winners twice this year, showed their skills by achieving an impressive 93.11% growth with team Victorious Secret achieving 32.27%. Also no stranger to the winner’s podium is Orient Fantastic Four from Orient Islamic High School in second place with a growth of 40.08%.
Led by teacher Marius Mells, team Callas from DF Malan High School in the Western Cape took third place with a 35.17% growth on investment, showing their insight and understanding of financial concepts and strategies. The BADJ is Back Again and Again team from Gauteng’s Eden College Lyndhurst took fifth place with a 25.62% capital growth.
All-girl team, Eden Securities from Eden College Durban School claimed first place in the Speculator Portfolio with an astounding 120.71% growth on investment. Being the high risk portfolio, it shows the teams’ strong ability to strategise and make informed decisions when investing. Dominating in this category is Pretoria Boys High School taking second, fourth and fifth place. Coming in at third place is team Young Money from Gauteng’s Parktown Boys High School with an 18.12% growth.
For the high schools, in first place each of the four team members will receive R4000; second place team members receive R2500 each, third place R2000 each and in fourth as well as fifth place receive R1000 each. In addition to the learners being rewarded, successful schools and their mentors also take home winnings.
“The JSE Education department is pleased to announce the JSE/Liberty Investment Challenge winners for 2012. This year’s Investment Challenge has been a great success with learners and students participating throughout South Africa. We have seen the youths’ dedication, hard work and understanding of financial concepts and hope that they will implement the skills gained from the Investment Challenge into their daily lives and become financially aware adults,” says Senior Investment Challenge Co-ordinator, Idris Seedat.
In the university and college category, teams from the University of Cape Town took top honours claiming first and second place. Team ACETone in first place, wins R25 000 and an all expenses paid trip to the New York Stock Exchange and team Liquid Gold in second place wins R20 000. Coming in at third place is the University of Witwatersrand team Marktex winning R15 000. The universities and colleges participated in the Speculator Portfolio only.
Julian Dallamore, Brand Manager at Liberty Retail SA Marketing says: “We congratulate all winners in the 2012 JSE/Liberty Investment Challenge on their outstanding performance. We hope that the success achieved by these learners and students motivates others to participate in next year’s Investment Challenge.”
The JSE/Liberty Investment Challenge is the largest financial literacy initiative in South Africa. This annual competition running in its 40th year in 2013 is open to all South African high school learners as well as students from universities and independent colleges with the aim to educate on the ins and outs of trading on the stock market. The winners have gained exposure and experience on financial and life skills such as budgeting, economic research and team work. This in turn assists the learners in deciding on their future career paths.
To register for 2013, each team will be required to pay a fee of R120 per team per portfolio entered for schools and R150 per team for universities. To find out more visit the JSE/Liberty Investment Challenge website: http://schools.jse.co.za or http://university.jse.co.za and the new interactive mobisite: http://schools.jse.co.za/mobile or http://university.jse.co.za/mobile or contact the Investment Challenge Co-ordinators on (+27)11 – 520 7116/ 7344/ 7168. For further information, registration forms and interaction visit the Facebook and Twitter pages.