UKZN and ABSA Collaborate to Develop Investment SkillsGeneral

ABSA stock brokers Mr Ridwaan Moolla and Mr Marnus Viljoen with students and budding Johannesburg Stock Exchange investors.ABSA stock brokers Mr Ridwaan Moolla and Mr Marnus Viljoen with students and budding Johannesburg Stock Exchange investors.

Get rich quick schemes and other “Wolf of Wall Street”-style money-making methods were soundly debunked at the “Power of the Stock Market” seminar hosted by UKZN’s AfriHub at the Graduate School of Business building on the Westville campus.

The aim of the student-focused event was to improve investment planning and wealth creation by skilling university students in the use of tools and opportunities available on the Johannesburg Stock Exchange (JSE).

ABSA Bank Stock Brokers, Mr Ridwaan Moolla and Mr Marnus Viljoen, presented a clear and user friendly overview of how the JSE works as well as how the youth should approach investing. Students were given a step-by-step guide in understanding the complex investment terminology, how to distinguish between an asset and liability and how to execute basic trades.

The Hub for the African City of the Future (AfriHub) is an innovative project within UKZN’s School of Engineering which aims to facilitate skills development through multidisciplinary engagement and thereby enable social and economic growth in South Africa and the rest of Africa.

Rudie Kimmie