The Finance and Investment Management Olympiad (FIMO) is an initiative of the Finance and Investment Management Department at the University of Johannesburg (UJ), focused on Grade 10, 11 and 12 learners in high schools across all nine provinces. Earlier today, a group of prestigious individuals were awarded as winners of the second annual FIMO.
This initiative, which was formed in partnership with Strate (Pty) Ltd, places emphasis on learners to unleash their potential in a dynamic field within the financial services industry. “Individuals who take part in the FIMO have a specific interest in the finance discipline and the Olympiad gives them the exposure to key financial concepts that will enable them to pursue a future in the financial markets,” says Monica Singer, Strate’s CEO. “It starts with the basic steps of debunking financial terminology and important concepts and further provides the necessary knowledge of the industry as a whole. Strate enjoys partnering on initiatives such as this, which create awareness of the financial markets at grass-root level. We are proud to be part of this initiative and the lives of the learners as they start their journey within the industry.”
This FIMO also provides more insight into the finance and investment industry and offers essential prizes to further allow the learners to further their studies in their respective field within the industry.
The final round of the Olympiad was written on 2 August 2016. The 2016 FIMO winners were:
| Public Schools | Private Schools |
| Grade 12 | Grade 12 |
| 1st Place – M Banda, Wendywood | 1st Place – J Hart, Redhill High |
| 2nd Place – P Manyathela, Capricorn High | 2nd Place – R Trusler, Redhill High |
| Grade 11 | Grade 11 |
| 1st Place – P Visage, Huguenot High | 1st Place – M Francis, Hatfield Christian School |
| 2nd Place – L Mncube, Ladymsith High | 2nd Place – N Sithole, UJ Metropolitan High |
| Grade 10 | Grade 10 |
| P Ramotala, Thomas Mofolo | B Simelane, Horizon International High |
The topic areas that form part of the FIMO include:
- Economics
- Financial Literacy: Saving and borrowing
- Financial Markets and Instruments
- Financial Math
- Interest Rates
- Risk and Return
- Time value of money
- Financial Statements
- Financial System
“Encouraging finance and investment skills within students makes them empowered to contribute and increase the growth of the South African economy”, adds Singer. “Strate would like to congratulate all the winners and participants of the FIMO 2016 and wish you all the best of luck for the year ahead.”
Here are some pictures of the FIMO Awards ceremony:
