{"id":31843,"date":"2022-10-20T18:49:16","date_gmt":"2022-10-20T18:49:16","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/talented-young-stock-traders-celebrated"},"modified":"2022-10-20T19:08:28","modified_gmt":"2022-10-20T19:08:28","slug":"talented-young-stock-traders-celebrated","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/talented-young-stock-traders-celebrated","title":{"rendered":"Talented young stock traders celebrated"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>The Namibian Stock Exchange (NSX), in partnership with Old Mutual, Future Media and the Financial Literacy Initiative, hosted the Namibian Scholars Investment Challenge (NSIC) Award Ceremony in Windhoek on 18 October 2022.<\/p>\n

This year\u2019s challenge was launched in March 2022, with the aim of introducing university and secondary school students to stock trading and creating an understanding of commercial dynamics in the macroeconomic environment.<\/p>\n

The NSIC gave students a fictitious amount of N$500 000 each to invest on the Namibian Stock Exchange from April-September 2022.<\/p>\n

The top five teams were rewarded with cash prizes from Old Mutual, with the overall best-performing team winning a grand prize of N$50 000.<\/p>\n

Approximately 600 teams from across Namibia\u2019s 14 regions had the opportunity to trade listed shares on the NSX, with the Rich Young Minds team emerging victorious with a return of 100.6%.<\/p>\n

They were followed by The Big 43 in second place, with a return of 94.3% and who walked away with N$30 000. The Finance Moguls placed third with a return of 42.7% and received a cash prize of N$20 000, followed by the Buffetiers in 4th place, who received N$10 000, and had a return of 26.9%, while the Desert Fox team received N$5 000 and had a return of 10.6%.<\/p>\n

To enable the participants to trade, each team received a starter pack consisting of basic information and a glossary on financial terminologies. The participants were equally tasked with doing research and applying analytical skills to make good investment decisions to increase the value of their portfolios by the end of the trading date. The keynote speaker at the award ceremony was Tassius Chigariro, Old Mutual Group CEO.<\/p>\n

\u201cAs 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 line with this year\u2019s theme, \u2018Financial Education for Youth: The Role of Corporate Namibia\u2019,\u201d he shared. Chigariro applauded the teams for their dedication and urged them to never underestimate their talent and the endless possibilities available to them.<\/p>\n

He continued by saying \u201cThe art of investment stock market trading is made up of incredible complexities that are learned over time. Creating a platform for the Namibian youth through the NSIC to bridge the knowledge gap in a fun and innovative manner that puts participants in direct contact with how the macro economy functions speak to the forward-thinking nature of the Old Mutual Namibia business\u201d. Speaking at the event, Tiaan Bazuin, CEO of NSX, pointed out that \u201cWe have been running the competition for the past 20 years with schools and the last couple of years with universities competing in the same competition as well. It has always been a financial literacy initiative project. The idea is that the institutions get involved to get the students to learn something completely out of their comfort zone. For this year, we had some of the best returns we have ever seen in the competition, and students really applied their minds.\u201d<\/p>\n

He further shared that \u201cdespite the market not performing at its best, the teams performed beyond what we could imagine, and each of the team members can be extremely proud of what they did\u201d.<\/p>\n

Lionel Kannemeyer, the managing director of the Old Mutual Investment Group shared the stock market is grounded on the importance of understanding risks, and investment needs \u2013 but especially trust in those who are trading.<\/p>\n

\u201cOur teams showcased a true understanding of the stock market, and their dedication and drive were evident.\u201d<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. The Namibian Stock Exchange (NSX), in partnership with Old Mutual, Future Media and the Financial Literacy Initiative, hosted the Namibian Scholars Investment Challenge (NSIC) Award Ceremony in Windhoek on 18 October 2022. This year\u2019s challenge was launched in March 2022, with the aim of introducing university and secondary school students to stock […]<\/p>\n","protected":false},"author":84,"featured_media":31842,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,236,233],"class_list":["post-31843","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nTalented young stock traders celebrated - Namibia<\/title>\n<meta name=\"description\" content=\"The Namibian Stock Exchange (NSX), in partnership with Old Mutual, Future Media and the Financial Literacy Initiative, h ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/talented-young-stock-traders-celebrated\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Talented young stock traders celebrated\" \/>\n<meta property=\"og:description\" content=\"The Namibian Stock Exchange (NSX), in partnership with Old Mutual, Future Media and the Financial Literacy Initiative, h ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/talented-young-stock-traders-celebrated\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-20T18:49:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-10-20T19:08:28+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/10\/postQueueImg_16-63519c93410ac.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"479\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/talented-young-stock-traders-celebrated#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/talented-young-stock-traders-celebrated\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Talented young stock traders celebrated\",\"datePublished\":\"2022-10-20T18:49:16+00:00\",\"dateModified\":\"2022-10-20T19:08:28+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/talented-young-stock-traders-celebrated\"},\"wordCount\":587,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/talented-young-stock-traders-celebrated#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/10\/postQueueImg_16-63519c93410ac.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/talented-young-stock-traders-celebrated#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/talented-young-stock-traders-celebrated\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/talented-young-stock-traders-celebrated\",\"name\":\"Talented young stock traders celebrated - 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