Academic
Accounting and Economic Management Sciences Subject head: Mr Gian Marneweck Teachers: Ms Louise Lawrence, Ms Tarin Scharneck
Grade 8
The learners started the year with the girls learning about the exciting workings of the South African economy. In the third term Ms Scharneck introduced the basics of bookkeeping. Earlier in the year they also did a project entitled: “Reduce your carbon footprint.”
Grade 9
The highlight of the year was the Market Day which was held at the end of the first term. This was to teach the girls the importance of entrepreneurship and how to draw up basic business plans. While doing the Accounting section, they learned about retail businesses. In the third term, while learning about the factors of production, we studied the amazing marula tree. We also compared the South African economy to the economy of South Korea.
Grade 10
We did a project on Banking in South Africa in which we compared the big four banks and their services. This helped to make ours studies in class of credit cards, cheque books, loans, and investing in fixed deposits more real. We also had an opportunity to interview informal traders to find out how they run their businesses in comparison to established formal businesses. Later in the year, the girls learned about how businesses process and record salaries and wages, about income tax, medical aid, pension funds, and fringe benefits.
Grade 11
Some of the interesting things we studied included Partnerships, Sports Clubs, VAT calculations, inventory systems, as well as drawing up budgets. We did a project where we had to help a small business owner decide whether or not to trade-in one of her old vehicles to take advantage of a special offer.
Grade 12
Amongst other things, we learned about Companies, including shareholders, dividends, the JSE, boards, and corporate governance. We did a project where we investigated whether or not buying shares in Pick ‘n Pay was a good investment.
JSE Investment Challenge
This year we entered 6 teams, composed of Grade 10 and 11 learners, into the challenge. The aim of the competition is to expose school learners to the workings of the Johannesburg Stock Exchange using a simulated portfolio, and to encourage young people to think about taking up careers in the exciting world of finance.
RGHS 2011
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