FAQ

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Before you begin

The JSE's VTG is open to the general public for anyone who is a South African citizen or who is a resident of South Africa, excluding:
• high school and higher education learners;
• professional traders or if you are working for a stockbroking firm, asset management or wealth management institution;
• directors, officers, employees, contractors, agents or consultants of the JSE , including their spouses, life partners, business partners or immediate family members.

13th March 2023 to 22nd September 2023

There is a Speculator game and an ETF/ETN game. The highest percentage wins in each portfolio.

• You welcome to register and just make sure you indicate you don’t want to play and we will make sure you don’t form part of the competition.• You will still be able to create your own portfolio and use the learning modules.

We have a learning section with many videos once you have registered and logged into the website you will be able to access it.

Once you are registered

  1. Meet the participant requirements with regards to who can participate.
  2. Participants need to have executed at least 1 trade each game calendar month. (See important dates)
  3. Execute a minimum of 15 transactions by the end of the competition.
  4. Participants are required that their transaction amounts used should add up to at least 75% (R750 000) of your starting capital at the end of the competition.

  • Click on “Trade” at the top of the page bar
  • Click on “Trade Now“
  • Click on either SHARES/ETFS/ETNS/ to see the full list.

  1. It means you need to spend 75% during the competition i.e. all your trades you have done must by the end of the competition add up to at least R750 000.
  2. It does not mean you must be holding R750 000 in shares/ETFs/ETNs at one time. It just means that is what you needed to have spent over the 6 month period.

  • If you would like to buy Shares/ETFs/ETNs, click “Trade”, then “Trade Now” at the top.
  • You then have an option to filter by instrument type by clicking on either Shares/ETFs/ETNs depending on which game you playing.
  • You then have an option to filter it further by Industry/Subsector if it’s Shares
  • Once you found the company you want to buy, select it and it takes you to the order page.
  • All you then need to do is enter the number of shares you want to purchase and click “Place Buy Order”.
  • You screen will then display “Order Placed”, which is confirmation your order has gone through.

  • Click “Portfolio” at the top of the page bar.
  • Click “Trade”.
  • Click “Sell”.
  • Enter the number of shares you want to sell.
  • Click “Place Sell Order”.
  • You screen will then display “Order Placed”, which is confirmation your order has gone through.

  • No more than 20% of the portfolio value may be held in any one company in the FTSE/JSE Top40 and ETFs/ETNs. No more than 5% of the portfolio value may be held any other companies outside the FTSE/JSE Top40.
  • Eg. Company A is not in FTSE/JSE Top40, I have R1 000 000 in my account I can spend R1000 000 X 5% = R50 000 on that company.

  • Check your available balance in the top right hand corner.
  • Take the amount you want to spend on a company and divide by the share price in rands. (Always remember to convert the share price in cents to rands for instance 35940c = R359.40).
  • Remember you can’t spend more than 20% of the portfolio value may be held in any one company in the FTSE/JSE Top40 and ETFS/ETNs. No more than 5% of the portfolio value may be held any other companies outside the FTSE/JSE top40. Eg. Company A is not in FTSE/JSE Top40, I have R1 000 000 in my account I can spend R1000 000 X 5% = R50 000 on that company.
  • So if you do try spending more it will reject the number of shares that exceed that percentage.
  • Lastly you only able to get 5% of the daily volume (no of shares traded for the day). if a share did not trade much that will restrict you in the number of shares you will get. Eg. Company A trades 10 000 for the day you buy only 500 shares.

The rule states:Participants will only be permitted to purchase or sell shares 5% in any instrument of the actual number of shares traded on the JSE during any day. Orders which exceed the constraints of this rule will be only partially filled. If no securities are traded, the order will be rejected. Trades not executed for any reason at the end of the day for which the trade was requested will be cancelled.
So you can only purchase / sell 5% of shares that were traded. Eg. 10 000 X 5% = 500 shares can be purchased / sold.

Virtual brokerage fees of 1% (one percent) of the value of securities traded in the virtual portfolio will be levied. There is a minimum virtual brokerage charge of R75 (seventy-five rand) per trade.

Trades placed before market close (17:00) will be completed at the closing price on the day that they are placed. Trades placed after market close will be completed at the closing price on the following trading day.

1. Only Cash Dividends to be paid out provided it meets the dividend requirements around start and end dates (See dividend related question).2. No other corporate actions outside of cash dividends eg. share split. Depending on the corporate action involved we will force sale your shares.3. Please follow the notice board alerts for information around any action taken regarding a corporate action if you have been affected.

You will receive cash dividends should you be holding a share on the last day to trade (LDT) of the underlying share, as long as the cash dividend was declared within the competition dates as per the rules.

Only cash dividends will be credited to the portfolio if the equities are held on the last day of trade. Credit will take place on the last day to trade. In addition, if the declaration of the dividend falls outside the competition start date, such dividend will not be paid. If participants buy or sell shares on Last Date to Trade (LDT) dividends will NOT be credited to account, the trade needs to be executed at least one day before the LDT.

Its due to corporate actions not recognised in the VTG or a delisting of the Company/ETF. This would require a forced sale to be done.

Exchange Traded Funds or ETFs are listed investment products that track the performance of a group or "basket" of Shares, Bonds or Commodities. These "baskets" are known as indices. An example of an index is the FTSE/JSE Top 40 Index. An ETF can be bought or sold in the same way as an Ordinary Share.

Only for shares. This means that Exchange Traded Funds are excluded.

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