Elusive Hole-in-One but lucky qualifier walks away with R250k from Momentum

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Ricus Nel from Momentum, Nick Van Gas, MD of Pro-Range and Michael Michalidies from MoreCorp accepting the cheque of R 250k on behalf of Andre Prins from Cape Town.
Ricus Nel from Momentum, Nick Van Gas, MD of Pro-Range and Michael Michalidies from MoreCorp accepting the cheque of R 250k on behalf of Andre Prins from Cape Town.

After a nail-biting final at the Momentum World of Golf in Woodmead, and the Momentum Golf Village in Tygervalley Cape Town, none of the qualifiers managed to hit that perfect hole-in-one for the R1m.  However as promised, there was a lucky draw for R250k in the form of a suitable Momentum investment and Andre Prins from Kenilworth in Cape Town was drawn as the winner.

Andre Prins, an attorney from Cape Town and proud husband and dad of a seven month old baby girl, was absolutely astonished by this amazing win.

“I couldn’t believe it, I’m over the moon. This will help tremendously with our future plans, especially
for my little girl.”

The final was the culmination of a year-long campaign, to give someone a chance of securing their financial wellness by winning R1m in the final.  Qualifying was made as easy as possible with ‘holes’ up to 4m in diameter.  More than 280 people qualified.  At the final, every hole-in-one winner could walk away with R1m from Momentum, in the form of an appropriate investment.  The rules were, if there was no hole-in-one winner there was still a lucky draw amongst qualifiers for R250K from Momentum.  Either way, Saturday was a life-changing day for someone.

The Momentum Million Rand Challenge was launched in July last year to celebrate the partnership between golf and cycling interest company MoreCorp and financial services company Momentum.  The partnership offers co-naming and branding rights at the Momentum World of Golf (Woodmead) and all the Momentum Golf Villages (Centurion, Gilloolys, Tygervalley, Kenilworth and Somerset West), as well as a roll out of discounts  for members of  Multiply, Momentum’s wellness and rewards programme.

Darryl Edges, MD of MoreCorp says, “The Momentum Million Rand Challenge is the most exciting event to take place at the World of Golf and Golf Villages in its 15 year history. It generated unprecedented interest amongst golfers of all abilities, ages and genders encouraging them to hone their skills for their ultimate shot at “a million” month after month. Thanks to everyone who spent time with us at the World of Golf and our Golf Villages.  Congratulations to the winner”.

Danie van den Bergh, head of Brand at Momentum said, “Just as we made it as easy as possible to qualify, Momentum wants to make it as easy as possible for people to secure their financial wellness.  Sure R1m or even R250k will go a long way, but we wanted to use the challenge to showcase how important it is to plan and save for retirement or other important life milestones.  Shooting for that distant hole-in-one with some chance of success, was a great analogy of understanding how aiming for a worthwhile goal can take some planning and a little effort –helped along with some pro advice”.

A R1m win for a relatively young person (25) invested wisely now, can result in an R45m* pay-out at retirement age of 65.  For our older golfers (50), their time window to build up and reap the full benefit of compound interest is limited, but R1m invested now, can still result in a R4m* retirement payment at 65.  (*simplistic model based on assumption of annual growth rate of 10 %.)

The second Momentum Million Rand Challenge will kick off on Saturday 5 September 2015 with the final shoot-out taking place 2016.  As before, the challenge is free and open to everyone over 18 and will continue on the first Saturday of every month between 09:00 – 12:00 at the Momentum World of Golf in Woodmead, and at Momentum Golf Villages in Gilloolys, Centurion, Somerset West, Tygervalley and Kenilworth.

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