In addition to the successful 2024 financial results announced by the Nambawan Super Limited (NSL), the superfund also delivered other positive outcomes for its members in 2024.
NSL incoming Board Chairman, Mr. Richard Sinamoi said the other positive outcomes includes,
• State Share Benefit payments of K55 million paid out to 1,112 Members.
• Housing Advance of K115 million paid out to support 5,029 Members either purchase, build or improve their homes.
“While 2024 was a challenging year locally, I would like to reiterate that Nambawan Super will continue to deliver on our mandate of protecting our members superannuation savings, regardless the economic climate.”
“We are extremely proud that amidst all the external challenges, we remain able to promptly process, and payout Members Benefit Payments,” Mr. Sinamoi said.
He said members can rest assured with the knowledge that when the time comes for them to collect their superannuation savings, not only will it be readily available to them, but it would also have grown substantially.
“I would also like take this opportunity to remind our members that superannuation is a long-term investment. From year-to-year results may go up or down, but it’s important to take a long-term view.”
“This is why in today’s fast-paced and rapidly changing world; the Fund must remain agile and responsive to shifts in the marketplace,” he said.
He added that the operating environment is now more interconnected and interdependent than ever before, and while this brings many opportunities, it also brings its fair share of challenges and risks.
“As such, the Board has worked closely with the Management Team throughout 2024 to deliver a revised 3-Year Strategic Plan with Members interests at the forefront.
The revised strategy is being executed commencing 2025 with a strong focus on leveraging technology to drive efficiency and improve customer experience.”
“With the increasing cybersecurity threats experienced across a number of major organizations recently, cybersecurity is and will remain a critical focus area for Nambawan Super Limited.
We take the protection of our members’ data and information very seriously, and we will continue to proactively apply the highest standards of cybersecurity in order to protect our members,” he said.
Mr. Sinamoi said as the largest, longest serving, and most trusted superannuation fund in the country, their commitment to their members remains unwavering and Member’s will continue to remain at the heart of everything they do, and they will continue to prioritize members interests and financial security above all else.