Old Mutual invests millions in Victory Races

06 Jun 2013 07:20
OSHAKATI, 06 JUN (NAMPA) - Old Mutual Namibia has committed more than N.dollars 3.5 million to its annual sports event - the Old Mutual Victory Races - over the past 13 years.
?Old Mutual?s commitment towards these annual races has not only made it possible for thousands of Namibians to enjoy the sheer exhilaration of running in a beautiful country, it has also made it possible for Namibian athletes to compete outside Namibia,? the company?s Corporate Transformation Consultant, Revonia Kahivere told Nampa here on Thursday.
Through Old Mutual sponsorship of travel and entry fees, Namibian athletes acquired access to prestigious regional races such as the annual Two Oceans race in South Africa.
A total of 754 runners are expected to participate in the four-leg Victory Races this year.
?This year, along with our own significant annual investment of N.dollars 500 000 to ensure the race series, we are also pleased to recognise and thank Coca-Cola, Mutual & Federal and Marathon Sugar, Business Connexion and Schoemans for their cash and in-kind contributions to this annual event?s continuing success,? Kahivere noted.
The Victory Races awards monetary prizes to winners each year. This year, the company increased monetary prizes by up to 25 per cent in some categories, and these are shared in both the male and female categories per each of the four legs of these half-marathon races.
?These races are one of many value-driven initiatives undertaken by Old Mutual to address social development needs within our communities,? stated Kahivere.
The first leg kicked off in the Oshana Region?s Oshakati on Saturday.
The winners were Shiivomene Shilongo (Under-19 female), David Adam (U-19 male), Alina Almas (U-39 female), Johannes Naitembu (U-39 male), Sienglinde Gontes (veteran female) and Jerobeam Amunyoko (veteran male).
The next leg of the series will take place on 22 June in Swakopmund in the Erongo Region, with Keetmanshoop in the Karas Region and Windhoek in the Khomas Region to host the third and fourth legs on 13 July and 27 July, respectively.
(NAMPA)
NN/ND/