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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