Payment Details
- R100 per Team per Game
- Make Payment to: JSE Investment Challenge
- A/C Number: 002351064
- Reference: Your School and Team name
- Bank: Standard Bank, Braamfontein
- Branch: 00-48-05
- Type: Current
Who can participate
- Any South African secondary school may enter one or more teams.
- Team members must be in grades 8 - 12 to be eligible to participate (it is recommended that learners in grades 8 and 9 participate in the income game).
- A team must consist of four members only.
- Each school must have a supervising teacher.
| Income Portfolio |
Equity Portfolio |
Speculator Portfolio |
ETF/ETN Portfolio |
| Teams start playing
the game with an
opening balance of
R700,000 in virtual
cash and R300,000
virtual investment in
equities. |
Teams start with an
opening balance of
R500,000 in virtual cash
and R500,000 virtual
investment in equities. |
This portfolio has
an opening value of
R1,000,000 in virtual
cash. |
Teams start with an
opening balance of
R500,000 in virtual
cash and R500,000
virtual investment in
Exchange Traded
Products. |
| Teams may only
invest in FTSE/ JSE
Top 40 companies |
Teams may only invest in
companies that are in the
FTSE/ JSE All Share Index
(+/- 138 companies). No
derivatives, warrants or
options may be held. |
Teams may invest in any
shares and/or warrants. |
Teams may invest
in any Exchange
Traded Funds (ETFs)
or Exchange Traded
Notes (ETNs). |
| Teams are required
to protect capital
value on an inflation
adjusted basis.
Thereafter they
will be evaluated
on their ability to
maximise income
from the portfolio.
(No consideration
will be given to
capital growth above
the inflationary
benchmark
percentage of 6% per
annum.) Any team
that does not protect
its capital on an
inflation adjusted
basis, will not be
considered in the
awarding of prizes. |
No more than 10% of the
portfolio value may be
held in any one company
in the FTSE/JSE Top40.
No more than 5% of the
portfolio value may be
held any other companies
outside the FTSE/JSE
Top40.
Teams will only be
permitted to purchase
or sell shares 5% in any
instrument of the actual
number of shares traded
on the JSE during any
day. Orders which exceed
the constraints of this rule
will be only partially filled. |
No more than 10%
of the portfolio value
may be held in any one
company in the FTSE/
JSE Top40. No more
than 5% of the portfolio
value may be held any
warrants, exchange
traded products or other
companies outside
the FTSE/ JSE Top40.
Teams will only be
permitted to purchase
or sell shares 5% in
any instrument of the
actual number of shares
traded on the JSE during
any day. Orders which
exceed the constraints
of this rule will be only
partially filled. |
No more than 10%
of the portfolio value
may be held in any
one exchange traded
product. Teams will
only be permitted to
purchase or sell shares
5% in any exchange
traded product of
the actual number of
shares traded on the
JSE during any day.
Orders which exceed
the constraints of
this rule will be only
partially filled. |
| Teams are required
to keep a minimum
of R400,000 in virtual
cash. |
Teams are required
to keep a minimum of
R250,000 in virtual cash. |
No minimum virtual cash
balance required. |
No minimum virtual
cash balance required. |
| Income Portfolio |
Equity Portfolio |
| Teams start playing
the game with an
opening balance of
R700,000 in virtual
cash and R300,000
virtual investment in
equities. |
Teams start with an
opening balance of
R500,000 in virtual cash
and R500,000 virtual
investment in equities. |
| Teams may only
invest in FTSE/ JSE
Top 40 companies |
Teams may only invest in
companies that are in the
FTSE/ JSE All Share Index
(+/- 138 companies). No
derivatives, warrants or
options may be held. |
| Teams are required
to protect capital
value on an inflation
adjusted basis.
Thereafter they
will be evaluated
on their ability to
maximise income
from the portfolio.
(No consideration
will be given to
capital growth above
the inflationary
benchmark
percentage of 6% per
annum.) Any team
that does not protect
its capital on an
inflation adjusted
basis, will not be
considered in the
awarding of prizes. |
No more than 10% of the
portfolio value may be
held in any one company
in the FTSE/JSE Top40.
No more than 5% of the
portfolio value may be
held any other companies
outside the FTSE/JSE
Top40.
Teams will only be
permitted to purchase
or sell shares 5% in any
instrument of the actual
number of shares traded
on the JSE during any
day. Orders which exceed
the constraints of this rule
will be only partially filled. |
| Teams are required
to keep a minimum
of R400,000 in virtual
cash. |
Teams are required
to keep a minimum of
R250,000 in virtual cash. |
| Speculator Portfolio |
ETF/ETN Portfolio |
| This portfolio has
an opening value of
R1,000,000 in virtual
cash. |
Teams start with an
opening balance of
R500,000 in virtual
cash and R500,000
virtual investment in
Exchange Traded
Products. |
| Teams may invest in any
shares and/or warrants. |
Teams may invest
in any Exchange
Traded Funds (ETFs)
or Exchange Traded
Notes (ETNs). |
| No more than 10%
of the portfolio value
may be held in any one
company in the FTSE/
JSE Top40. No more
than 5% of the portfolio
value may be held any
warrants, exchange
traded products or other
companies outside
the FTSE/ JSE Top40.
Teams will only be
permitted to purchase
or sell shares 5% in
any instrument of the
actual number of shares
traded on the JSE during
any day. Orders which
exceed the constraints
of this rule will be only
partially filled. |
No more than 10%
of the portfolio value
may be held in any
one exchange traded
product. Teams will
only be permitted to
purchase or sell shares
5% in any exchange
traded product of
the actual number of
shares traded on the
JSE during any day.
Orders which exceed
the constraints of
this rule will be only
partially filled. |
| No minimum virtual cash
balance required. |
No minimum virtual
cash balance required. |
Prizes
Each month the best performing teams and schools in each portfolio will win R500 per
team member, R500 for the principal and R500 for the supervising teacher. Note that
mentors (catalyst teachers) will not be eligible for the monthly prize and only the appointed
supervising teacher from the school will be eligible. In addition, teams are only eligible for
a maximum of two monthly prizes for the duration of the JSE Investment Challenge.
There are also five overall annual cash prizes per portfolio up for grabs, amounting to
R80 000 per portfolio! The prizes are structured as follows:
| Place |
Team Member |
Principal |
Teacher |
| 1st |
R5 000 |
R1 000 |
R5 000 |
| 2nd |
R4 000 |
R1 000 |
R4 000 |
| 3rd |
R3 000 |
R1 000 |
R3 000 |
| 4th |
R2 000 |
R1 000 |
R2 000 |
| 5th |
R1 500 |
R1 000 |
R1 500 |
Any team or team member will only be eligible for one annual prize. All prizes must be
claimed within 30 (thirty) days of being awarded. NB: The JSE’s decision on any and all
prizes will be finalfinal, and no correspondence will be entered into.