Old Mutual Namibia hosted a Media Masterclass in Windhoek on Friday, bringing together journalists and media professionals to strengthen financial reporting and storytelling skills. 

The session was designed to equip media partners with practical tools to better inform and educate the public on financial matters.

The day featured a masterclass on financial reporting by renowned journalist, Lazarus Amukeshe, certified financial education training through Old Mutual’s On The Money programme, and an exclusive deep dive into the 2024 Old Mutual Financial Services Monitor (OMFSM). The Monitor served as a real-world case study, demonstrating how data can be translated into meaningful stories that reflect the lived experiences of everyday Namibians.

The 2024 OMFSM reveals that while many working Namibians are doing their best to manage their money, financial stress remains a major challenge. The national study, which surveyed over 650 working adults across the country, shows that people are adapting in creative ways, but often at the cost of their long-term financial security.

Survey results also indicate Namibians are showing incredible resilience. From taking on side jobs and starting small businesses to saving through stokvels and investing in livestock, people are finding ways to make ends meet. These efforts reflect a strong spirit of determination and adaptability.

However, the report also shows that more people are turning to debt to cover basic needs, and fewer are able to save for the future. This means that while many are coping today, they may not be financially secure tomorrow.