Al Nur wins BSE challenge
Mbongeni Mguni | Wednesday August 28, 2024 15:57
Al Nur notched up the highest average realised gains in the 13 weeks of trade on the simulator, pipping Lobatse Senior Secondary School, and third-placed Regent Hill International Secondary School. The competition, sponsored by Stanbic Bank Botswana, involved participating schools being allocated P100,000 in virtual trading funds with which to build their portfolios and trade over the 13 weeks.
Officiating at the awards ceremony, Education and Skills Development minister, Douglas Letsholathebe, said the competition exemplifies the country’s collective efforts to equip young minds with the skills and knowledge necessary to navigate the complex landscape of the financial markets.
He commended the BSE and Stanbic Bank for the initiative, saying it would not only empower students with the necessary financial acumen but also contribute to the broader goal of fostering a culture of investing and saving amongst Batswana. Letsholathebe added that through this experience, students can make informed decisions surrounding investments, which is a critical step in addressing the issue of financial literacy at a national level.