Expo lets ‘millionaire’ schoolkids take to the trading floor

2010-05-13 00:00

FINANCIAL literacy and the ins and outs of trading on the stock market are some of the nuggets pupils from all over the province took home with them after attending this year’s Teacher and Learners Expo.

The three-day expo, which ends today, is expected to have drawn about 6 500 grade 11 and 12 pupils from 50 high schools from all over KwaZulu-Natal.

Pupils come with the aim of adding to their career knowledge and to check on bursary opportunities.

Now in its 10th year, the expo is the brainchild of Orbes Media.

Jenny Quinn, Orbes Media’s general manager, said the expos are held in all nine provinces.

They attracted 32 exhibitors at the Royal Showgrounds, which included Seta Education Training and tertiary institutions. “We are always happy to come to Pietermaritzburg because we find the children are so hungry for knowledge,” she told The Witness.

The JSE was one of the exhibitors. Its “Investment Challenge” co-ordinator, Idris Seedat, described the response to the competition as “brilliant”. He said the need to understand the stock market and the world of investments is increasing, especially since South Africa is known for its lack of savings.

The JSE’s incentive for getting young people financially literate is the Investment Challenge, which it believes introduces pupils to real-life economics.

At R120 per team, high school pupils are given the opportunity to manage a R1 million virtual portfolio. This means they have R1 million in fictitious money and can simulate trading on the JSE.

Monthly winners receive R500 for each team member and the overall winners get R4 500 per team member and R1 000 for their school.

Emlyn Jordaan, assistant director for communications for the National Qualifications Framework (NQF), said stands have been well attended in the past two days.

He said the NQF is like a stamp of approval, not only to confirm institutions’ credibility and accreditation, but also to serve as advisers for students on whether an institution is accredited to offer a certain course. The NQF also offers career guidance.

For more details, visit http://schools.jse.co.za and ww.nqf.org.za

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