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Strengthening Links with the Finance Sector

2015/03/02 09:08:00 AM

The Finance Discipline at the School of Accounting, Economics and Finance recently met representatives from the JSE Investment Challenge to discuss partnership opportunities which would benefit students.

The JSE Investment Challenge is a national financial literacy competition which provides South African high school pupils and university students with opportunities to explore the world of investing by trading JSE-listed shares through a virtual portfolio.

Finance Lecturer Ms Faeezah Peerbhai said the meeting with the Manager of Corporate Social Investment at the JSE Education Division, Mr Idris Seedat, was beneficial as now all UKZN finance students were exempt from the registration fee required for participation in the JSE Investment Challenge.

‘Participation in the JSE investment challenge will allow students to obtain practical experience in trading, thus providing them with an opportunity to put the skills they learn in class to good use.

‘The JSE has also selected mentors from among finance students who will assist in mentoring those in underprivileged schools who are participating in the school division of the Investment Challenge. The mentoring process is designed to assist the learners to understand key elements regarding stock trading as well as to provide any additional resources they may need to effectively trade,’ said Peerbhai.

Last year, the partnership between the School and JSE yielded good results as Finance honours students Mr Brian Masondo and Mr Wesley Bohata were part of the winning team which beat 140 rivals who competed in the Challenge to claim the number one spot nationally.

Seedat congratulated the students and the School for the achievement and proactive efforts in ensuring that the students recognise the importance of financial literacy to help secure a better future.

‘We would like to congratulate UKZN for its achievement in the 2014 Challenge and express our gratitude for being imperative role partners in the realisation of this aim by making the Challenge available to all their students. As we forge ahead we look forward to a mutually beneficial relationship,’ he said.

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