High schools and universities play the JSE Investment Challenge
The 44th JSE Investment challenge is underway, in which students get virtual portfolios, of varying risk, worth R1m to ‘play’ with
The 44th JSE Investment Challenge, which exposes high school and university students to the markets and investing, got under way this week. The challenge aims to dispel the perception that one needs to be a millionaire or of a certain age to invest in the stock market. Ralph Speirs, the JSE’s corporate social investment officer, said the project was an invaluable source of financial knowledge for students who would not ordinarily be exposed to the market. "It’s an empowering opportunity to help the youth understand what wealth is," he said, adding that the initiative gave the students an advantage by getting them involved in the stock exchange at a young age, enabling them to capitalise on the compounding effect. A Human Sciences Research Council study on financial literacy in the country found that only 4% of South Africans invested in trusts, stocks, shares, livestock or property as a form of saving. The study, conducted in 2012, revealed that less than half of all adult South Afr...
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