The National Superannuation Fund (Nasfund) is pleased to announce its audited results for the year 2024, continuing to deliver strong financial performance and positive returns for over 715,000 members. The fund will be paying an interest crediting rate of 11.75 percent which amounts to K839 million for the 2024 financial year that will be allocated to over 715,000 member accounts this weekend, reinforcing the Fund’s commitment to growing members’ savings despite economic challenges. Nasfund Chairwoman, Tamzin Wardley stated that the audited financial results were approved by the Trustee board on March 13, 2025. "Reporting New Asset Value (NAV) of K8.1 billion and a notable Net Profit After Tax (NPAT) of K849 million for the year ended 31 December 2024. I am delighted that Nasfund’s growth has continued throughout 2024 despite what has been a tumultuous year both domestically and internationally. With strong membership growth and investment returns across the portfolio your fund has reached the K8 billion milestone. This success is a testament to our responsible approach to managing investments and ensuring long-term stability, " she said. She said in a year (2024) that started with the devastations of Black Wednesday, the continuing Government cash flow crisis adversely impacting local business performance and shadowed by 'a cost-of-living crisis, the team at Nasfund has ensured that returns to members remain steady. "Despite no major projects commencing in the country during the year, we have seen strong growth from our existing membership with 56, 874 members and 191 new companies joining the Fund. The positive financial outcomes were significantly influenced by the valuation gains of K487million, more than double the valuation gain of K180million last year. It should be noted that K280million of this gain is from our investment in BSP, which represents 59% of the overall valuation gains," she said. Ms. Wardley stated that their crediting rate for 2024 of 11.75%, underscores their dedication to providing strong and stable returns to our members above CPI over a rolling five-year period, which on average is 7.2% compared to 5.1% CPI average over the same time during 2020 to 2024.