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South Africa


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South Africa


Registrations are Now Open for the 2012 JSE/Libeerty Investment Challenge

Every year, teachers and parents of high school learners and varsity students are encouraged to act as mentors of their respective institutions, while their teams sharpen their financial skills by managing a virtual portfolio worth R1 million on the stock exchange. The JSE/Liberty Investment Challenge continues to be the largest financial literacy initiative of its kind and aims to educate South African youth about investing on the stock exchange and the large role that investment plays in our economy.

What the JSE/Liberty Investment Challenge offers:

  • Encourages learners and students to invest in their potential and future.
  • Motivates those who have participated in the Investment Challenge before, to “challenge on”; to set higher goals for themselves; and, strive to better the skills they have developed through this initiative.
  • Explores and creates interest in the various career opportunities within the financial sector.
  • Helps schools from disadvantaged communities and backgrounds overcome obstacles such as lack of access to funds and the internet, and have excelled despite their circumstances. Their stories serve as an example to others in similar situations.

The 2012 JSE/Libeerty Investment Challengeprovides investment education with the aim of building a society of money and investment savvy, financially free youth. The Challenge runs from March to September. Overall winners will be honoured at an awards ceremony in October.

Visit the high school or university 2012 Challenge website or read the Media Release for all the details.


Articles

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Programmes

  • Teach Children to Save South Africa
    This lesson plan aims to take the savings message to young South Africans, equipping them with the basic financial skills to help them become better savers now and in future. Volunteers from the financial sector exchange their boardrooms for classrooms and deliver a 30 minutes to 1 hour lesson, to learners in Grades 4-7 in schools. Volunteers use their work experience to inspire learners to become life long savers.

  • Banking on Our Future - South Africa
    A campaign to recruit, train and mobilize more than 250 local professional HOPE Corps volunteers in a new and innovative private/public partnership to teach 50,000 South African youth and young adults in financial literacy, dignity and entrepreneurship in South Africa.

  • Junior Achievement South Africa (JASA)
    JASA offers a range of programmes, focusing on entrepreneurship, financial literacy and workplace readiness, while providing entrepreneurial and life skills to South African youth and equipping them with the necessary skills to establish their own enterprises. These programmes have the following objectives:
    • Promoting entrepreneurial skills in South Africa
    • Contributing to the economic growth of the country
    • Preparing young people for life after school by raising their awareness of economic issues
    • Educating young people in business management and career planning by providing them with practical business experience
    • Improving the level of employability of young people and encouraging personal growth by development of leadership, team work and self management skills
    • Increasing the capacity of young people to enter tertiary level education, in particularly business management and commercial subjects, by developing numeracy and literacy skills
    • Increasing the awareness of the impact of HIV/AIDS on business and the economy
    • Contributing to the provision of much needed business and life skills to South African youth

  • The Johannesburg Stock Exchange
    Provides a number of introductory programmes, through a variety of media, on investing in the stock market.

  • The JSE/Liberty Investment Challenge
    The Challenge helps those participating learn about the fundamentals of investment strategies and tests their share trading skills through an ongoing annual simulated "ghost trading" programme. Learners need to form teams which are then given an imaginary sum of R1 000 000 each to invest in JSE-listed shares. Their performance is tracked and measured in a competition against other teams taking part in the Challenge. The top performers win fantastic prizes.

  • South African Institute for Entrepreneurship
    Provides a wealth of materials for educators, trainers and community-based organisations to help them develop business skills and discover entrepreneural talent in young people while guaranteeing a sustainable economy and wealth creation.

    • Grade 2 - Pop-Up!
      Develops familiarity and comfort with numbers, money and some basic business ideas and skills.

    • Grade 3 - Dream Up!
      Follow the adventures of Moola and Bob as they meet 24 entrepreneurs with different kinds of business problems.

    • Grade 4 - Help Out!
      Seven animal mentors – Rhino, Giraffe, Monkey, Buffalo, Elephant, Lion and Owl – guide learners to help 32 entrepreneurs with their business dilemmas.

    • Grade 5 - Look Out!
      Learners follow the tracks on their game-board work cards and look out for opportunities in the six virtual worlds.

    • Grade 6 - Try Out!
      Learners practise the skills underpinning each concept in the virtual world of Ventureville, then try out a micro-venture to practise that skill at home.

    • Grade 7 - Start Out!
      Learners compete in groups in a business simulation. Then in their groups they plan and run a simple business venture.

    • Grade 8 - Sort Out!
      Learners debate and brainstorm solutions to business problems. They also compete in groups to plan and start-up six micro ventures over the course of the year.

    • Grade 9 - Break Out!
      Introduces learners to a simple but powerful idea: creating and running a business venture of their own is a form of self-expression.

    • Grades 9-12 - Discovering Your Career
      A career guide and workshop designed to help learners make suitable and realistic subject and career choices

    • Grade 10 - Team Up!, Grade 11 - Link Up! & Grade 12 - Work Up!
      Learners work in teams to explore case studies and resource material, and to complete a “savvy cycle” of activities.

    • Grades 11-12 - Launch Your Career
      A career guide and workshop designed to help learners make suitable and realistic career choices and prepare for their first years out of school.

    • Flowchart - Developing an Entrepreneurial Mindset in Learnings
      A holistic approach. In addition to complying with the requirements of the Revised National Curriculum Statement (RNCS) SAIE Business Ventures programmes aim to develop entrepreneurial skills, motivation, attitudes, knowledge and values. Why? Because skills and knowledge are useless without motivation and a “can do” attitude!

    • Entreprenometer for Young Entrepreneurs
      An entrepreneurship diagnostic tool that enables kids to evaluate themselves against five entrepreneurial traits.

  • National Curriculum and Assessment Policy Statement (CAPS)
    The information that follows is taken from the Economic Management and Sciences section of CAPS.

    General aims of the South African Curriculum
    The National Curriculum Statement Grades R - 12 gives expression to what is regarded to be knowledge, skills and values worth learning. It will ensure that learners acquire and apply knowledge and skills in ways that are meaningful to their own lives. In this regard, the curriculum promotes the idea of grounding knowledge in local contexts, while being sensitive to global imperatives.

    Economic Management and Sciences, effective January, 2011
    The subject Economic and Management Sciences deals with the efficient and effective use of different types of private, public or collective resources to satisfy people’s needs and wants, while reflecting critically on the impact of resource exploitation on the environment and on people. It also deals with the effective management of scarce resources in order to maximise profit.

    Weighting of the Curriculum and Economic and Management Sciences Topics

    • The economy (weighting of 30%)
      1. History of money
      2. Need and wants
      3. Goods and services
      4. Poverty
      5. The production process
      6. Government
      7. The National Budget
      8. Standard of living
      9. Markets
      10. Economic systems
      11. The circular flow
      12. Price theory
      13. Trade unions

    • Financial literacy (weighting of 43%)
      1. Savings
      2. Budgets
      3. Income and expenditure
      4. Accounting concepts
      5. Accounting cycle
      6. Source documents
      7. Financial management and keeping of records

    • Entrepreneurship (weighting of 27%)
      1. Entrepreneurial skills and knowledge
      2. Businesses
      3. Factors of production
      4. Forms of ownership
      5. Sectors of economy
      6. Levels and functions of management
      7. Functions of a business
      8. Business plan

    Content by Grade Level

    • Grade 7
      • The Economy - History of money; needs and wants; goods and services; poverty; and the production process
      • Financial Literacy - Savings; budgets, income and expenses; and accounting concepts
      • Entrepreneurship - The entrepreneur, starting a business; businesses; and an Entrepreneur’s Day

    • Grade 8
      • The Economy - Government; the National Budget; standard of living; and markets
      • Financial Literacy - Accounting concepts; accounting cycle; source documents; Cash Receipts Journal and Cash Payments Journal of a sole trader; effects of cash transactions on the accounting equation; General Ledger and trial balance
      • Entrepreneurship - Factors of production; forms of ownership; levels of management; and functions of management

    • Grade 9
      • The Economy - Economic systems; the circular flow; price theory; and trade unions
      • Financial Literacy - Cash Receipts Journal and Cash Payment Journals of a sole trader; posting to the General Ledger; preparing a Trial Balance; recording transactions in the Debtors Journal, Debtors Allowance Journal, Creditors Journal and Creditors Allowance Journal; posting to the Debtors Ledger and Creditors Ledger
      • Entrepreneurship - Sectors of the economy; functions of a business; and a business plan

    This report goes on to detail teaching plans by grade and by term.

    Click here for a report that includes Focus, Learning Outcomes and Assessment Standards by grade and by topic for grades R through 9.

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Web Resources

The South African Mint Company (Pty) Ltd.
A subsidiary of the South African Reserve Bank
Mints all South African coins on behalf of the Bank. Includes tips on coin collecting.

The South African Bank Note Company (Pty) Ltd.
A subsidiary of the South African Reserve Bank
Prints all South African banknotes on behalf of the Bank.

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Museums

  • Absa Money Museum
    The Absa Museum is home to the world’s largest collection of money used in South Africa, from when Europeans first landed on our shores to modern times and more sophisticated bank notes. The Absa Museum is the only banking and money museum in South Africa and narrates a fascinating history of how economic, political and social change can dramatically affect a currency.

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Kids' Money > International > By Nation > South Africa


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