Old Mutual invests N$600 000

STAFF REPORTEROld Mutual signed a three-year partnership agreement with the Namibian Stock Exchange (NSX), to train Namibian youth in capital markets trading with a sponsorship value of N$200 000 per year supporting the Namibian Scholars' Investment Challenge, over the next three years. Old Mutual’s sponsorship investment is channelled towards the prize money of the Namibian Scholars' Investment Challenge (NSIC), a competition that was initiated by the NSX in 1998 to introduce university students and Grades 10 – 12 learners to investments in shares.As a financial services provider with dual listings on the JSE and NSX, it is imperative for Old Mutual to help build capacity and skills in the field of capital markets. This fun and interactive competition is also a better way to improve financial literacy levels amongst the Namibian youth, said Ndangi Katoma, Executive: Marketing, Communications and Customer Strategy at Old Mutual. According to Tiaan Bazuin, CEO of NSX, the entity welcomes Old Mutual as the principal sponsor over the next three years, noting that the generous prize money offered by Old Mutual, has sparked a visible increase of participating teams. “This competition is an ideal opportunity for future income earners in Namibia to learn at an early stage about share trading, risks and benefits so that they become familiar with the operations of the financial markets. A good knowledge of financial markets, the investments and options available should be a prerequisite for the financial success of any individual,” he added. Bazuin further alluded that companies sponsoring this competition, not only underwrite these financial literacy goals, but also contribute to paving a career path for the participating scholars and this should ultimately lead to a wider participation and lay a foundation for long-term sustainable growth of the domestic capital market”, he stated. Other companies that have confirmed monetary or in-kind sponsorships towards the hosting of the 2021 NSIC are: Simonis Storm Securities, Namibia Savings & Investment Association, the Financial Literacy Initiative, as well as FutureMedia.

Old Mutual invests N$600 000

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Namibian Sun 2025-07-02

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Old Mutual invests N$600 000

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Namibian Sun 2025-07-02

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