The Namibian Stock Exchange (NSX), in partnership with Old Mutual, Future Media, and the Financial Literacy Initiative launched the annual Namibian Scholars' Investment Challenge (NSIC). The challenge aims to introduce university and secondary school students to stock trading and understand commercial dynamics in the macroeconomic environment. The NSIC gave students a fictitious amount of N$500 000 each to invest in the Namibian Stock Exchange from April to September 2022. The top five teams were rewarded with cash prizes from Old Mutual, with the overall best-performing team winning a grand prize of N$50 000. At the awards ceremony, the Rich Young Minds team emerged victorious with a return of 100,6% and won N$ 50 000, followed by the Big 43 in second place, with a return of 94,3%, and 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%.

Caption of the image above: The Rich Young Minds team emerged victorious at the 2022 Namibian Scholars' Investment Challenge award ceremony.

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