Monash South Africa (MSA) is sending a team of 4 students to participate in the JSE and Liberty Investment challenge. This is the first time that MSA is taking part in the challenge. This challenge aims to teach young South African’s about investing on the Johannesburg Stock Exchange and the larger role that such investment plays in the country’s economy.
The JSE and Liberty Investment Challenge is now in its 40th year of bringing investment education to South African youths.
Manager of the JSE Education Division, Idris Seedat, said this is a momentous milestone for the Challenge, in which learners have participated since it began.
“We foresee another 40 years of sharing knowledge with our youth,” Mr Seedat said.
With South Africa having one of the youngest populations in the world, with an average age of 24.9 years, education is one of the top items on the Government’s agenda. Through the Investment Challenge, the JSE and Liberty are able to use the country’s youthfulness as an opportunity for education.
The educational youth programme is aimed at introducing high school learners and university students to the world of investment, and teaches them the fundamentals of investment strategy. It also teaches the students the importance of investing on the JSE.
In the challenge, students form teams where they are given an imaginary sum of 1 million rands to invest in the JSE listed shares. Each team’s performance is tracked and measured against other teams. The winning teams stand to win prizes valued at sixty thousand plus an all expenses paid trip to an international stock exchange.
MSA student Billing Moyo said this is a wonderful opportunity for us as students to showcase our knowledge.
“We are looking forward to making meaningful investments and will hopefully win the challenge” Mr Moyo said.