Celebrating Excellence: Old Mutual Foundation Applauds Outstanding Student Achievements at the 2023 Namibian Scholars’ Investment Challenge

The Old Mutual Foundation takes immense pride in honouring the exceptional achievements of the teams who have
illuminated the investment landscape at the 2023 Namibian Scholars’ Investment Challenge (NSIC). At the 2023 NSIC Awards Ceremony, the Old Mutual Foundation came together to celebrate their exceptional achievements in a competition jointly presented by the Namibian Stock Exchange (NSX) and Future Media.

The NSIC, a platform for both university and secondary school students to apply their investment skills, witnessed enthusiastic participation, creativity, and innovation. As these talented students navigated the intricacies of the stock
market, their excellence was evident, and the future of Namibia’s financial landscape appears brighter than ever. UNAM’s “Wallstreet” secured the coveted first place of N$50 000 with a return on investment of 60.6%, demonstrating remarkable dedication and expertise in investment. “Twenty-Two,” also from UNAM, clinched second place, a substantial N$30 000 with a return on investment of 24.6%, through their
strategic approach to share investments.

NUST’s “Rich Young Minds 2023” claimed the third place, winning N$20 000 with a return on investment of 20.1%, exhibiting intelligence and creative investment strategies that stood out in the competition. From NUST, “Oyetu” emerged as the fourth-place winner with a return on investment of 18.4%, receiving N$10 000 for their resilience and adaptability in the world of investments. “Buffeteirs” from UNAM completed the top five with a return on investment of 16.7%, securing fifth place and winning N$5 000. Their dedication and innovative investment approaches were truly commendable.

The Old Mutual Foundation recognises the critical role of financial literacy in securing the future of Namibia’s youth. “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 for the Namibian youth,” stated Mignon du Preez, Marketing, Public Affairs, and Sustainability Executive at Old Mutual Namibia. “Financial education empowers the youth to achieve financial well-being, enabling
them to meet their current and future financial obligations.” Initiatives like the NSIC, supported by the Old Mutual Foundation, are essential in expanding financial literacy among young Namibians. It’s a testament to our
commitment to nurturing and developing the financial capabilities of the nation’s youth.

Tiaan Bazuin , NSX CEO noted that, “The Investment challenge is the premier scholar’s competition in relation to investments and is a great introduction to investment management, whether for personal retirement planning or as an entry into the capital markets as a career. We have seen many alumni from the competition enter the job market and achieve great success. This shows me the challenge shall go on from strength to strength and bring more talent
to the fore.”

Christine Venter, Products & Campaign Manager at Future Media, emphasised the importance of Future Media’s involvement, stating, ‘Future Media is committed to the Namibian Scholars Investment Challenge and is pleased to
have partnered with the NSX and Old Mutual Foundation on this initiative. We are delighted to leverage our radio platforms, particularly Nova 103.5, to promote this noble cause and equip the next generation with the knowledge
and skills needed for a prosperous future.”

The NSIC is more than a competition; it’s an educational journey. The winners have not only showcased their potential in the world of investment but have also taken a significant step toward financial literacy. These students are the future leaders and decision-makers in the financial world, and we applaud
their dedication.