NEDBANK LESOTHO BEHIND TWO OCEANS MARATHON WINNERS


4th May, 2010

Nedbank Lesotho has donated training packages to the tune of M15,000 for 6 Basotho winners from the 2010 Two Oceans Marathon, recently held in Cape Town in April. Nedbank Lesotho as a deeply entrenched constituent of the Lesotho community wanted to give due honour to Basotho who achieved an amazing record against the odds, at this year’s Two Oceans’ Marathon, taking 5 of the top 10 positions out of group of more than 8000 runners; and making us all proud to be called Basotho.

As a responsible corporate, we saw a need to support our runners to continue to excel; thus the bank has given kits for training, as well as our commitment to invest in these runners as individuals and in the development of marathons in Lesotho.

Our sponsorships are formulated to focus on and cater for an ever - changing market, and to support the Nedbank brand positioning and overall business strategy in Lesotho. Sponsorships also provide visible support to our strategy of being highly involved in our community and the environment.

These and other sponsorships help us to maximise our primary-banking goals where Sport and event Sponsorships drive mass awareness of the Nedbank Lesotho brand. To ensure focus, we select specific sponsorship properties to support our business objectives, and at the same assist Lesotho and Basotho in community and sport development initiatives.

Overall, our sponsorship strategy takes into account our Group’s “Deep Green” aspirations of being a caring bank, being highly involved in the community, and ensuring environmental sustainability; to ensure that what we do as a business has a positive impact on our society.

Road running/marathons as a sport appeals to a wide segment of our local population, and is therefore ideal to use as a vehicle to engage with the majority of our market. It also enables mass participation and thereby provides opportunities for community involvement; from all background and all ages. We see marathons as a way to promote the spirit of positive competition whilst inspiring everyone to be at their personal best and encouraging healthy living.

Nedbank Lesotho’s profile in road running and related initiatives currently includes the High Altitude Summer Marathon, Olympic Day Run, and the Queens Baton Relay; with the Nedbank and Old Mutual mother Group being brand name sponsors for a number of world class marathons, including the Two Oceans, the Comrades, and the Soweto Marathon.


Issued by:
Nedbank Lesotho Marketing Division
M. Ralebitso
Tel: 2222 8264
mralebitso@nedbank.co.ls

Foreign Exchange Rates: February 7, 2012 Loti/$  7.44 Loti/£  11.76 Loti/€  9.75
 Nedbank Lesotho Limited Reg. No 92/191. Nedbank Lesotho is a member of the Old Mutual Group.