The Johannesburg Stock Exchange (JSE) has officially opened registration for the 2019 Investment Challenge, with schools and universities invited to submit their teams.
The competition will run from March until September.
The competition, now in its 46th year, is aimed at school and university scholars who have an interest in learning about investments and the stock market.
Participants are sorted into teams of four, with each team being given an imaginary R1 million They then use this imaginary money to trade on the stock market and invest in actual JSE- listed shares over six months.
The winning team will shall receive cash deposits into an investment account for each team member, while the top university team will receive a trip to an international stock exchange.
“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,” said JSE corporate social investment (CSI) officer Ralph Speirs said.
“We are calling on schools, teachers and students to heed the call to register and acquire this knowledge and these skills. this year. The long-term ramifications of what they learn will impact positively on their lives in the future,” he said.
For more information visit their website