Happy equity returns for Maritzburg College

2009-06-26 00:00

MARITZBURG COLLEGE is one of three schools leading the pack in the contentious JSE/Liberty Life Investment Challenge in KwaZulu-Natal.

The three winners — the other two are Durban schools Glenwood High and Clifton College in Morningside — were announced yesterday and honoured during a breakfast ceremony held at Gateway Shopping Mall.

The challenge is an educational investment by the bourse and the insurance giant that seeks to increase financial literacy by introducing young South Africans to the intricacies of the financial world.

The programme has been running for the past 35 years.

For the challenge in its fourth month this year, R500 was awarded to each of the pupils of each of the winning schools in KZN. This is in addition to R500 for their school and another R500 that goes to their teachers and mentors.

The Maritzburg College group, which goes by the name of The Stig, first won the challenge for the equity growth portfolio in March.

In May they secured the highest growth of 12,30% in their equity portfolio.

In April, Glenwood’s Falcons grabbed the top spot in the province in the equity portfolio, while Clifton College’s Share It team won in the speculator portfolio.

The head of Economics at Maritzburg College, Chris Greene, said his priority is to ensure that his pupils not only understand the subject, but also have a practical idea of economics.

“I have made use of the JSE Investment Challenge to allow my learners an opportunity of practical learning and I am proud that they have won twice in the competition,” Greene added.

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