JSE and Liberty announce South Africa’s brightest young investors
After months of hard work and strategising, winners of the 2011 JSE/Liberty Investment Challenge have been announced. After a year of investing a virtual million rand, being amongst the winners in this exciting financial literacy competition is no small feat. It’s only fitting that these top teams be honoured for their consistently stellar performance at the awards ceremony to be held at the JSE on 28 October.
Prizes amounting to R60 000 per portfolio will be awarded to the winners. For the winning university students, a prize of an all expenses paid overseas trip, plus R25 000 will also be awarded.
Winning teams:
Soweto schools had their eye on the prize this year and showed great investment skills. With three schools from the area occupying the top positions in the Income Portfolio, Soweto seems set to produce some of South Africa’s finest investors. Taking first place is Kwadedangendlale High School’s “The Bears” team with an impressive income of R66 628.27. Not too far behind them is “Aurora 6” from Aurora Girls’ High School, who managed an income of R60 171.36; and in third place is Emdeni High School’s “Emdeni E” team who achieved an income of R59 711.67.
Finally, rounding up the Income Portfolio winners are two equally impressive teams – “JR Investors” from Jimmie Roos School with R54 637.82, and “Professional EL” from JF Mati High School with R52 755.08.
No strangers to the winners’ podium, Eden College Lyndhurst’s “BADJ is Back Again” take first place in the Equity Portfolio with a capital growth of 75.6%. Coming in second place is a team that won the monthly rounds as recently as August. “Genius Investors” of Maritzburg College achieved a capital growth of 64.8% in the runners up position.
Both these teams have continued to show financial insight and a flair for making the right investment decisions. They are joined by Hoërskool DF Malan, who’s two teams “Beat Us” and “Die Kommuniste” occupy positions three and five, with growths of 55.48% and 36.56% respectively. Coming in fourth place is yet another team from Maritzburg College. “Super Heroes in Training” added another notch on their schools belt, with a growth of 45.3%.
The ability to strategise is a key skill in the high risk Speculator Portfolio, but that doesn’t seem to be a problem for the five teams who won in the final standings. Parktown Boys High School is represented by two teams. The “Enterprise V 1.2” team takes first position with a capital growth of 62.15%, and they are joined by school mates “Inglorious Brokers” who take fifth position with a capital growth of 11.88%. In second position is Bishops Diocesan College’s “Bishops 123” who grew their capital by 18.59%. And rounding up the top five Speculator Portfolio winners are “Orient Fantastic Four” from Orient Islamic School in third place and “PBHS TMC” from Pretoria Boys High School in fourth. The teams managed growths of 18.39% and 13.68% respectively.
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 winnings home.
“The JSE Education department takes great pleasure in announcing the JSE/Liberty Investment Challenge winners for 2011. We value the participation and dedication of the learners throughout South Africa and hope that the skills gained from the Investment.
Challenge can be implemented into their daily lives and beyond,” says Senior General Manager of JSE, Noah Greenhill.
In the university and college category, the University of Witwatersrand has come in first place, winning an all expenses paid overseas trip plus R25 000. The University of Pretoria takes second place, winning R20 000. They are followed by the Nelson Mandela Metropolitan University in third place receiving R15 000. All the universities and colleges participated in the speculator portfolio only.
Andrew Warren, Executive at Liberty Retail SA Marketing says, “We congratulate the 2011 JSE/Liberty Investment Challenge winners on their outstanding performance. We hope that the success achieved by these learners motivates other learners to participate in next years Investment Challenge.”
The JSE/Liberty Investment Challenge is an annual competition running in its 38th year and is open to all South African high school learners as well as students from universities and independent colleges. 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 enter the 2012 JSE/Liberty Investment Challenge contact the JSE’s Challenge Coordinators on 011 – 520 7116/ 7344/ 7168. You can also have a look at the JSE/Liberty Investment Challenge Facebook page (http://www.facebook.com/#!/pages/JSELiberty-Investment-Challenge/352982065154) which contains loads of information, complete with
instructions to register on Mxit, as well as the chance to interact with other registered participants sharing tips and ideas. You can also follow them on Twitter: http://twitter.com/JSELiberty_Game.
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Gauteng schools dominate in August round of the JSE/Liberty Investment Challenge
In the last month of the competition,
Team “PBHS Alpha and Omega” of
“We are nearly at the end of this year’s Investment Challenge and it is inspiring to see new teams step up at this stage of the competition. I have no doubt that it will be a healthy race to the finish. The JSE Education Department would like to congratulate all the August winners and encourage those schools that didn’t make it into this monthly winners’ list to keep working hard at protecting their investments,” says Senior General Manager, Noah Greenhill.
All boys’ school
The learners in each team have been awarded R500 each for best performance in their individual portfolios. A further R500 has been awarded to their mentoring teachers and also to their schools.
According to Andrew Warren, Executive at Liberty Retail SA Marketing, “Once again we at
The Investment Challenge runs until September and is open to all learners from any South African high school. Students from universities and independent colleges are also eligible to participate. Entrants have a choice of selecting one or more risk portfolios that they wish to take part in for the competition namely: Income (low risk), Equity Growth (moderate risk) and Speculator (high risk). All school entrants must be in teams of four and have to be supervised by a teacher or mentor. University teams must consist of a minimum of two members and a maximum of four.
At the end of the competition, five prizes amounting to R60 000 per portfolio will be awarded to the overall winners of the Income, Equity Growth and Speculator Portfolios; and for the Universities and Colleges, a top prize of an all expenses paid overseas trip plus R25, 000 is up for grabs.
More information about the JSE/Liberty Investment Challenge is available from their website http://schools.jse.co.za or http://university.jse.co.za; mobisite:http://schools.jse.co.za/mobile or http://university.jse.co.za/mobile or contact the Investment Challenge coordinators on 011 – 520 7116/ 7344/ 7168. For more tips and interactions,also check out Facebook: http://www.facebook.com/pages/JSELiberty-Investment-Challenge/352982065154,Twitter:http://twitter.com/JSELiberty_Game
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KZN schools show outstanding skill in the July round of the JSE/Liberty Investment Challenge
Two KwaZulu Natal schools put their province on the “financial skills map” when they took top spots in the Equity and Speculator Portfolios respectively. Orient Islamic School and
Although this is a first time win for these schools in this year’s competition, they did it in spectacular fashion. The growths achieved in each portfolio are the largest the 2011 competition has seen so far. A capital growth of 34.14% put the “Orient Fantastic Four” team in top spot in the Equity Portfolio. They are led by teacher Zarina Simjee, who is thrilled with her team’s performance. “The team has been working extremely hard over the past few months and has been showing steady progress. This win is a clear result of all their efforts.” she said.
All boys’ school,
“We are nearly at the end of this year’s Investment Challenge and it is inspiring to see new teams step up at this stage of the competition. I have no doubt that it will be a healthy race to the finish. The JSE Education Department would like to congratulate all the July winners and encourage those schools that didn’t make it into this monthly winners’ list to keep working hard at protecting their investments,” says Senior General Manager, Noah Greenhill.
As has been seen,
The learners in each team have been awarded R500 each for best performance in their individual portfolios. A further R500 has been awarded to their mentoring teachers and also to their schools.
According to Andrew Warren, Executive at Liberty Retail SA Marketing, “Once again we at
The Investment Challenge runs until September and is open to all learners from any South African high school. Students from universities and independent colleges are also eligible to participate. Entrants have a choice of selecting one or more risk portfolios that they wish to take part in for the competition namely: Income (low risk), Equity Growth (moderate risk) and Speculator (high risk). All school entrants must be in teams of four and have to be supervised by a teacher or mentor. University teams must consist of a minimum of two members and a maximum of four.
At the end of the competition, five prizes amounting to R60 000 per portfolio will be awarded to the overall winners of the Income, Equity Growth and Speculator Portfolios; and for the Universities and Colleges, a top prize of an all expenses paid overseas trip plus R25, 000 is up for grabs.
Registrations are still open for high schools to take part in the JSE/Liberty Investment until August. Each team will be required to pay a registration fee of R120 per team per portfolio entered. Registration forms are obtainable from their website http://schools.jse.co.za or http://university.jse.co.za; mobisite: http://schools.jse.co.za/mobile or http://university.jse.co.za/mobile or contact the Investment Challenge coordinators on 011 – 520 7116/ 7344/ 7168. For more tips and interactions, also check out Facebook: http://www.facebook.com/#!/pages/JSELiberty-Investment-Challenge/352982065154.Twitter: http://twitter.com/JSELiberty_Game
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Gauteng schools take top honours in the June round of the JSE/Liberty Investment Challenge
Two
According to Duttoo, “I am impressed with the talent shown by the team. They are learning more and growing in confidence every day, and this result is proof of that. I’m sure they will only get better in the remaining months of the Investment Challenge.”
First time winners, “JR Investors” of
The learners in each team have been awarded R500 each for best performance in their individual portfolios. A further R500 has been awarded to their mentoring teachers and also to their schools.
The Investment Challenge runs until September and is open to all learners from any South African high school. Students from universities and independent colleges are also eligible to participate. Entrants have a choice of selecting one or more risk portfolios that they wish to take part in for the competition namely: Income (low risk), Equity Growth (moderate risk) and Speculator (high risk). All school entrants must be in teams of four and have to be supervised by a teacher or mentor. University teams must consist of a minimum of two members and a maximum of four.
At the end of the competition, five prizes amounting to R60 000 per portfolio will be awarded to the overall winners of the Income, Equity Growth and Speculator Portfolios; and for the Universities and Colleges, a top prize of an all expenses paid overseas trip plus R25, 000 is up for grabs.
Registration is open continuously throughout the JSE/ Liberty Investment Challenge for high schools. Each team will be required to pay a registration fee of R120 per team per portfolio entered. Registration forms are obtainable from their website http://schools.jse.co.za or http://university.jse.co.za; mobisite: http://schools.jse.co.za/mobile or http://university.jse.co.za/mobile or contact the Investment Challenge coordinators on 011 – 520 7116/ 7344/ 7168. For more tips and interactions, also check out Facebook: http://www.facebook.com/#!/pages/JSELiberty-Investment-Challenge/352982065154 , Twitter: http://twitter.com/JSELiberty_Game
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Joburg schools dominate April leg of JSE/Liberty Investment Challenge
The JSE education department is pleased to announce the April winners of the 2011 JSE/Liberty Investment Challenge. Gauteng schools reign as Eden College makes its first entry on the victory charts for the year. Parktown Boys High School scoops its second consecutive win after a successful streak in March.
Team “BADJ is Back Again” from Eden College in Lyndhurst is the April winner in the moderate risk Equity Portfolio. Eden College is no stranger to the competition as is evident in their name. The school’s “BADJ” team came third in the annual competition last year. Led by Elsa Olivier, “BADJ is Back Again” earns itself portfolio growth of 12.14%.
“This year the team hopes to improve on last year’s results, not just in terms of positioning but also with regards to growth percentages. 12.14% is not a bad start. We hope this will get better as the competition continues. Other teams better watch out, we’re in it for the win,” says teacher Elsa Olivier.
Parktown Boys High School is also back again. A 10.74% increase on their investments earns “The Enterprise V 1.2” team a top spot in the Speculator Portfolio. Led by teacher Ashika Duttoo, this team was also crowned March winners in this high risk portfolio.
“I’m very proud of the team. They are very excited and determined to win this challenge. I am confident that they will maintain the standards set thus far and continue to work hard in order to claim victory at the end of the challenge,” says teacher and mentor Ashika Duttoo.
The JSE Education department is impressed about the performance. “We at the JSE Education department would like to thank and congratulate all the April winners of the investment competition. We are proud of them and acknowledge the effort they have put into the challenge thus far. We hope they continue with the good work as they contribute towards their own financial awareness and freedom,” says Senior General Manager of JSE Education, Maureen Dlamini.
There were no April winners in the Income Portfolio due to the teams’ failure to protect capital against inflation. Teams are encouraged to continue to protect their capital value on an inflation adjusted basis. Those with the ability to most maximise income derived from the portfolio will secure themselves a spot in next month’s top achievers list.
The four students in each of these teams have been rewarded with R500 for best performance in their respective portfolios. A further R500 has been awarded to their school as well as teacher or mentor.
According to Andrew Warren, Executive at Liberty Retail SA Marketing, “It is important for all people to learn and recognize the value of financial planning. This is a skill that is not always fine-tuned at schools. That is why a competition of this nature is very important for our youth. Liberty is happy to be a part of an education program that empowers our future leaders.”
In addition to being the winners in the April JSE/Liberty Investment Challenge, the participants are also gaining exposure to and experience in 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.
The Investment Challenge runs until September and is open to all learners from any South African high school. Students from universities and independent colleges are also eligible to participate. Entrants have a choice of selecting one or more risk portfolios that they wish to take part in for the competition namely: Income (low risk), Equity Growth (moderate risk) and
Speculator (high risk). All school entrants must be in teams of four and have to be supervised by a teacher or mentor. University teams must consist of a minimum of two members and a maximum of four.
At the end of the competition, five prizes amounting to R60 000 per portfolio will be awarded to the overall winners of the Income, Equity Growth and Speculator Portfolios; and for the
Universities and Colleges, a top prize of an all expenses paid overseas trip plus R25, 000 is up for grabs.
Registration is open continuously throughout the JSE/ Liberty Investment Challenge for high schools. Each team will be required to pay a registration fee of R120 per team per portfolio entered. Registration forms are obtainable from their website http://schools.jse.co.za or http://university.jse.co.za; mobisite: http://schools.jse.co.za/mobile or http://university.jse.co.za/mobile or contact the Investment Challenge coordinators on 011 – 520 7116/ 7344/ 7168. For more tips and interactions, also check out Facebook: http://www.facebook.com/#!/pages/JSELiberty-Investment-Challenge/352982065154.Twitter: http://twitter.com/JSELiberty_Game
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JSE/Liberty Investment Challenge invites corporate entities to participate in Adopt-A-School Programme
You are aware or better yet have observed first-hand the need for more highly skilled professionals in the financial sector but have no idea how to help alleviate this predicament? Lend a hand today - support the JSE/Liberty Investment Challenge’s Adopt-A-School Programme.
JSE and sponsors invite corporate South Africa and individuals to adopt by sponsoring a school taking part in the JSE/Liberty Investment Challenge or any other school of their choice currently not registered for the challenge. This initiative aims to assist schools from previously disadvantaged communities to trade and compete on the same footing as those pupils from privileged schools.
The sponsorships cost R2 500 per school with a maximum of six teams which amounts to 24 learners. This amount will cover the learners’ entry fees and give them access to financial literature they might need during the duration of the challenge. Mentorship and support is an important element to the Adopt-A-School Programme and sponsors are encouraged to take their relationship with the schools beyond that of a monetary one.
“This is an opportunity for both public and private sectors to put their weight behind those that matter the most, the future leaders of this country. We encourage all corporations to come on board and join this invaluable programme.” says Senior General Manager of JSE Education, Maureen Dlamini.
The Adopt-A-School Programme presents a world of opportunities and possibilities to young South Africans who are interested in taking charge of their destinies. You too can do your bit – the experience and rewards promise to be invaluable.
According to Andrew Warren, Executive at Liberty Retail SA Marketing, “Liberty values both long and short term investments. It is our honor to be a part of an initiative that encourages young South Africans to invest in their future wealth.”
About JSE/Liberty Investment Challenge
Founded 38 years ago, the JSE/Liberty Investment Challenge is an annual competition designed to educate young South Africans about the intricacies of investing on the stock market. High School learners in Grade 10-12 compete in teams of four and can choose to trade in one of three portfolios – Income, Equity or Speculator growth portfolios. University students compete in teams of two and can only trade in the Speculator portfolio.
They stand to win great cash prizes for themselves, their school and mentoring teachers. Winning teams for the month in each portfolio will win R500 for each member, R500 for their school as well as another R500 for their teacher. After months of hard work, five prizes amounting to R60 000 per portfolio will be awarded to the overall winners in each portfolio.
There’s also an all expenses paid oversees trip to an international stock exchange to be won. Overall winners will be flown to Johannesburg from around SA to the awards ceremony which is held at the JSE every year.
To be a part of the Adopt-A-School Programme and play your part as a sponsor, contact the organisers on 011 520 7168 or e-mail JSE Senior Investment Challenge Coordinator, Idris Seedat This e-mail address is being protected from spambots. You need JavaScript enabled to view it
For registration forms prospective participants can go to: website: http://schools.jse.co.za or http://university.jse.co.za; mobisite: http://schools.jse.co.za/mobile or http://university.jse.co.za/mobile or contact the Investment Challenge Co-ordinators on 011 – 520 7116/ 7344/ 7168. Also check out Facebook: http://www.facebook.com/#!/pages/JSELiberty-Investment-Challenge/352982065154 ,Twitter: http://twitter.com/JSELiberty_Game
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JSE/Liberty Investment Challenge rewards first monthly winners for 2011
Two months after the initial 2011 registrations opened, the JSE education department is pleased to announce the first high school monthly winners in the various portfolios of the 2011 JSE/Liberty Investment Challenge. The Eastern Cape, Western Cape and Gauteng provinces have claimed top spots in this first round of the competition. The biggest of its kind in South Africa, the Investment Challenge aims to educate high school learners and university students on the ins and outs of trading on the stock market.
The March winner for the Income Portfolio is team “Zibonele” from Amabhele High School in Port Elizabeth. Led by Wilberforce Magala, this team has set a great benchmark for other contenders in this portfolio, putting the Eastern Cape on the map. “We are so happy to be crowned winners of the March round of the competition. We entered this competition to represent the Eastern Cape and I think we are doing a great job so far,” says Magala. Sponsored by Imara SP Reid, a subsidiary of the Botswana financial services group Imara Holdings Limited, this ensemble earned an impressive income of R8 373, 32.
Cape Town based DF Malan High School took first place in the Equity Growth Portfolio when their “Beat Us” team grew by 8.69%. This team is led by teacher Marius Mells, a regular mentor of the school’s applicants - his teams took top honors as first and second place winners in the Equity Portfolio at the over-all winners’ ceremony last year.
According to DF Malan High School teacher, Mr. Marius Mells, “It’s a great feeling to be announced winners in this leg of the competition. Two of the boys in this team are entering for the second time this year. After coming second place in last year’s finals they are looking to do better this time. They are both very passionate about this competition as they would one day like to follow a career in investment and shared trading.”
“As the JSE we are pleased to announce the March winners of the Investment Challenge. We hope they will inspire other non-registered schools to come on board and take part in this thrilling annual competition. To those entrants who didn’t win this month, there’s still six more months for you to prove yourselves before the over-all champions are crowned in October. As we celebrate the achievements of our initial monthly winners, we wish all teams the best of luck for the next month,” says Senior General Manager of JSE Education, Maureen Dlamini.
With a growth of 11.12%, first place from the high risk Speculator Portfolio went to “The Enterprise V 1.2” from Parktown Boys High School. “I’m so proud of the boys, they are working very hard,” says Parktown Boys teacher and mentor Akishka Duttoo. “Based on this and their sterling performance last year I’m sure they’ll secure a place in the finals. This is a good start for them.” The Johannesburg based, all-boys-school cleaned up at last year’s awards ceremony when they occupied the top five positions in the same portfolio.
The four students in each of these teams have earned themselves R500 for best performance in their respective portfolios. A further R500 has been awarded to their school as well as another R500 for their teacher or mentor.
According to Andrew Warren, Executive at Liberty Retail SA Marketing, “Being financially savvy is an important element of wealth creation and we at Liberty are pleased to be a part of an initiative that enhances the lives of our youth. As we announce the first monthly winners of this year’s investment challenge, we hope that more learners will acknowledge that now is the time to invest in their futures.”
In addition to being the winners in the March JSE/Liberty Investment Challenge the participants are also gaining 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.
The Investment Challenge runs until end September this year and is open to all learners from any South African high school. Students from universities and independent colleges are also eligible to participate. Income (low risk), Equity Growth (moderate risk) and Speculator (high risk) are three of the risk portfolios from which high school learners can choose to compete while university students can only compete in the Speculator Portfolio. All school entrants must be in teams of four and have to be supervised by a teacher or mentor. University teams must consist of a minimum of two members and a maximum of four.
At the end of the competition, five prizes amounting to R60 000 per portfolio will be awarded to the overall winners of the Income, Equity Growth and Speculator Portfolios. For the Universities and Colleges, a top prize of an all expenses paid overseas trip is up for grabs.
Registration is open continuously throughout the JSE/ Liberty Investment Challenge for high schools. Each team will be required to pay a registration fee of R120 per team per portfolio entered. Registration forms are obtainable from their website http://schools.jse.co.za or http://university.jse.co.za; mobisite: http://schools.jse.co.za/mobile or http://university.jse.co.za/mobile or contact the Investment Challenge coordinators on
011 – 520 7116/ 7344/ 7168. For more tips and interactions, also check out Facebook: http://www.facebook.com/#!/pages/JSELiberty-Investment-Challenge/352982065154 ,Twitter: http://twitter.com/JSELiberty_Game
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Tognum AG welcomes partnership with Daimler and Rolls-Royce
- Strengthening Tognum’s market position
- Alliance with two financially strong companies
- Large investments in R&D and property, plant and equipment secured for the long term
- Friedrichshafen remains site of Group headquarters
Friedrichshafen 9, March 2011. Daimler AG and Rolls-Royce Group plc announced their decision to make a joint offer to acquire the entire share capital of Tognum AG. The Management Board will review the offer and in due course issue a statement to Tognum’s shareholders in accordance with Section 27 of the German Securities Acquisition and Takeover Act (WpÜG).
The Board of Management of Tognum AG in principle welcomes this step. “We would create one of the world’s technology leaders in propulsion systems and distributed energy systems,” said Volker Heuer, CEO of Tognum AG: “For us, Daimler and Rolls-Royce would be two financially strong strategic investors, who have made a clear commitment to Tognum’s continued internal and external growth strategy. It would put us in an excellent position to play an active role in shaping the further consolidation of the market.”
An alliance with Daimler and Rolls-Royce would strengthen the company’s market position. For Daimler and Rolls-Royce, Tognum is to become the platform for future growth in the markets for propulsion systems and distributed energy systems.
The product portfolios and market access of the companies would complement each other attractively and, for Tognum and Rolls-Royce in particular, open up new possibilities for working together. Combined, the two companies would cover the entire spectrum of medium and high-speed diesel engines for complete propulsion systems. Moreover, they would benefit from complementary additions to their energy product portfolios. As both companies offer different products in similar markets, this would create significant procurement and sales synergies. The move would also open up additional growth opportunities to Tognum in the BRIC countries.
A partnership would give Tognum AG additional investment security for the future. Under an agreement in principle, Daimler and Rolls-Royce declared their intention to secure Tognum AG’s technology leadership through expenditure on research and development and investments in property, plant and equipment. As a technology leader, the company has already carried out extensive research to arm itself for the increasingly stricter emissions regulations, especially from 2014. It is also envisaged that Rolls-Royce would take over Tognum’s fuel cell business, which the company had already decided to discontinue for commercial reasons.
Under the agreement in principle, Daimler and Rolls-Royce furthermore declared their intention that Friedrichshafen should remain the headquarters of the company as well as the research, development and production site for propulsion systems and energy systems. The new parent company would also be domiciled in Friedrichshafen. “This step would strengthen Friedrichshafen as the headquarters of Tognum AG,” said Joachim Coers, Deputy Chairman of Tognum AG. “It is particularly important to us that no job cuts are planned and that the Südwestmetall framework collective wage agreement would continue to apply,” added Coers.
As yet, no agreement regarding the offer price was achieved.
About Tognum
With its two business units, Engines and Onsite Energy & Components, the Tognum Group is one of the world’s leading suppliers of engines, propulsion systems and distributed energy systems. These products are based on diesel engines with up to 9,100 kilowatts (kW) power output, gas engines up to 2,150 kW and gas turbines up to 45,000 kW.
About MTU South Africa
Within the Tognum Group MTU South Africa is responsible for sales and support service of MTU diesel engines in most of sub Sahara Africa. Engines are sold under the Brand names of MTU, Detroit Diesel and Mercedes Benz industrial engines that deliver quality, reliability, dependability and design adequacy. The engines are used extensively throughout Africa and are renowned for superior performance under the most demanding of conditions. Ends/
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JSE awards Cape Town, Pietermaritzburg and Welkom schools in the April JSE/Liberty Investment Challenge
The JSE education department is pleased to announce the April winners of the 2010 JSE/Liberty Investment Challenge. Cape Town wins for the second month in a row, while Pietermaritzburg comes back with a bang from last years winning in June and Welkom makes an entrance in the Spectacular Portfolio.
“Wynberg 1” team from Wynberg Girls High School keeps Cape Town on the map again in April. The team, led by Andrew Hunter and Che Marneweck, gave an excellent performance and earned an income of R 11,321.07 in the Income Portfolio.
Pietermaritzburg’s Maritzburg College “Ayobaness Express” team came out tops in the Equity Growth Portfolio for April. The “Ayobaness Express” team, who were led by Chris Greene, achieved a 7.09 % growth on their investment making them the Equity Growth Portfolio winners.
“The JSE Education department congratulates and expresses gratitude to the April winners for partaking in this fundamental endeavor. The Investment Challenge offers the South African youth an opportunity to enhance their financial literacy which in turn secures them a better future.” says Senior General Manager of JSE Education, Maureen Dlamini.
The winning team for the Speculator Portfolio, which is the high risk portfolio, was awarded to St Andrews School in Welkom. Led by teacher Johann Potgieter, the St Andrews School team “MK Investors” made a 7.48% growth on their investment in April. The four students in each of these teams have been rewarded with R500 for best performance in their respective portfolios. A further R500 has been awarded to their school as well as teacher or mentor.
Jade Maletsky, Group Marketing: Head of Strategy at Liberty says, "By participating in the competition, young people learn the fundamentals of investing, instilling in them the value of financial planning and making sound investment decisions. These tools will enable them to take control of their financial future and empower them to own their lives.” This initiative is one of Liberty’s many that aims to encourage financial education in South Africa.
In addition to being the winners in the April JSE/Liberty Investment Challenge the participants are also gaining 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.
The Investment Challenge runs until September and is open to all grade 8 -12 learners from any South African high school. Students from universities and independent colleges are also eligible to participate. Entrants have a choice of selecting one or more risk portfolios that they wish to take part in for the competition namely: Income (low risk), Equity Growth (moderate risk) and Speculator (high risk). All school entrants must be in teams of four and have to be supervised by a teacher or mentor. Grade 12 learners will need permission from their principal to enter. University teams must consist of a minimum of two members and a maximum of four.
At the end of the competition, five prizes amounting to R60 000 per portfolio will be awarded to the overall winners of the Income, Equity Growth and Speculator Portfolios; and for the Universities and Colleges, a top prize of an all expenses paid overseas trip plus R25, 000 is up for grabs. Registration is open continuously throughout the JSE/ Liberty Investment Challenge for schools and forms are obtainable from their website or from the JSE’s Challenge Co-ordinators on 011 – 520 7116/ 7344/ 7168. Each team will be required to pay a registration fee of R120 per team per portfolio entered. For updates and further info also have a look at the facebook page and follow them on twitter.
For media information please contact:
Chatroom
Zukiswa Nomnganga, Account Manager
P: +27 21 422 2806
E: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
JSE
Public Relations: The JSE Educational Department appointed Chatroom to run a PR drive to boost registrations for the JSE/Liberty Investment Challenge 2009, 8 weeks before the start of the challenge. Furthermore – and ever since – Chatroom was tasked to boost Brand Awareness for the JSE Liberty Investment Challenge.
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For our ongoing PR, Chatroom has been awarded the PRISM Award in the Business to Business category by the Public Relations Institute of Southern Africa (PRISA). read more >>
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Action Steps
- Media evaluation and strategy
- Media events
- Media liaison
Outcome
- Media coverage to the value of over 100,000 Rand in only 8 weeks
- Registrations increased by 43% in 2009
- Extensive coverage in financial and education newspapers, student magazines, on regional and community radio stations as well as student radios
- High level media attendance at award ceremony
Client Profile
The Johannesburg Stock Exchange (JSE), a proudly South African organisation, is the oldest established stock exchange in Africa. It provides a marketplace where shares of listed companies can be traded by means of innovative, world class systems and services. The JSE Education Department is dedicated to increasing financial literacy in South Africa, developing and implementing numerous grass roots projects throughout the country.
