Schools take on the bulls and the bears
As the end of the 2007 JSE/Liberty Life Investment Challenge draws near, an astounding 7060 students from 342 schools countrywide can now boast a greater understanding and knowledge of the economy as well as the commercial dynamics of the JSE Limited.
The JSE/Liberty Life Investment Challenge is a monthly competition that enables learners to become aware of the fundamentals of investment strategy, encouraging them to research and strategise issues surrounding trading of JSE-listed shares. Participating schools test their share-trading skills through an ongoing, annual, simulated 'ghost trading' programme. Their performance is tracked and measured in a competition against other teams.
Within the competition there are three separate risk portfolios. Teams decide between Speculator (high risk), Equity Growth (moderate risk) and Income (low risk). The July competition for 2007 resulted in no team meeting the target growth in the Income category. Kingsmead College won the Equity category and Treverton College achieved top score in the Speculator portfolio.
Each member of the winning team is awarded R500 in satrix trusts, with the winning school receiving a further R1, 000 sponsored by Liberty Life.
"The JSE/Liberty Life Investment Challenge demonstrates Liberty Life's commitment to the enrichment of our youth through education," says Momin Hukamdad, Marketing Director of Liberty Life. "We believe our ongoing support for education will ultimately contribute to creating a better future for all South Africans.
"Congratulations to this month's winners and we wish all the participating schools the best of luck for the rest of the Investment Challenge!" says Hukamdad
The JSE/Liberty Life Investment Challenge will conclude this month after which the final winners will be announced at a ceremony at the JSE during October.
