Trustco Group Holdings Announces $5 Million Share Repurchase Deal

Trustco Group Holdings Announces $5 Million Share Repurchase Deal

Trustco Group Holdings has completed a $5 million share repurchase agreement with the University of Notre Dame du Lac on the Johannesburg stock exchange. This deal involves acquiring 120.5 million shares, amounting to 12.8% of its total outstanding shares. The repurchased shares will be canceled as part of Trustco's effort to enhance shareholder value by buying back undervalued shares. Deputy CEO of Trustco Group, Quinton Van Rooyen Junior

June 25, 2024 32

Namibia

Electoral Commission Welcomes International IDEA Delegation

The Electoral Commission of Namibia is currently hosting Dr. Kevin Casas-Zamora, Secretary-General of the International Institute for Democracy and Electoral Assistance and his delegation in Windhoek. The Commission emphasized its appreciation for the support and expertise provided by International IDEA in strengthening Namibia's electoral systems and processes. ECN spokesperson De Wet Siluka.

June 25, 2024 47

South Africa

South Africa Forms Government of National Unity After Historic Election

Nearly a month after the African National Congress lost its parliamentary majority in the most competitive election since the end of apartheid, 10 South African political parties have agreed to form a government of national unity as reported by Reuters. This collaboration, involving parties across the political spectrum, marks the first time in the democratic era that the ANC will share power.

June 25, 2024 23

World

Prosecutors say Boeing can be criminally charged over violating deal on Max 7 deaths

Boeing could be criminally charged - as is being recommended by US prosecutors investigating two fatal crashes of their Max planes six years ago. The Department of Justice has until July 7 to decide whether to charge or extend a deal that avoids prosecution. Reporting for us is Caroline Malone.

June 25, 2024 14

South Africa

Cosatu Urges ANC to Address Voter Discontent

In S.A, Cosatu calls on the ANC to recognise voter discontent in the election results as a clear signal to improve its performance. The federation pledges to hold the government of national unity accountable, working closely with alliance partner the South African Communist Party. General secretary Solly Phetoe anticipates president Cyril Ramaphosa will consult alliance partners on the forming of the seventh administration's cabinet:

June 25, 2024 31

Namibia

Rehoboth Begins Traffi Light Installation at Key Intersection

Rehoboth's Town Council has commenced phase one of installing traffic lights at the B1 Road and Bahnhof Street intersection, managed by Donny Investments CC. This project, part of the 2024/25 fiscal year's budgeted capital projects, aims to ensure orderly traffic flow, provide safe crossings, and reduce vehicle conflicts. Started on 10 June , the project is expected to be completed by 05 July. Road users are advised to treat the […]

June 25, 2024 12

World

Biden slams Trump on two year anniversary of Roe V. Wade

Monday marked two years since the United States Supreme Court overturned Roe v. Wade, ending the constitutional right to abortions. It's become a key political issue for voters, with access to terminations expected to play a key role in November's presidential election. Reporting for us is Sally Patterson from New York.

June 25, 2024 25

World

UK Elections Betting Investigation widens

An investigation into bets placed on the timing of the UK election is widening, according to reports. The Gambling Commission is understood to be looking into more people with links to the government and the Conservative Party. The regulator was already known to be investigating four individuals, including two Conservative candidates, over claims of a flurry of bets just before Prime Minister Rishi Sunak announced an election for July 4th. […]

June 24, 2024 26

World

India’s Parliament to meet for the first time after elections

Newly elected members to India's Parliament will be sworn-in this week as the House meets for the first time after Prime Minister Narendra Modi won a rare third term this month. However, for the first time in a decade, Mr Modi's party no longer enjoys a majority in the House and as Neha Poonia reports, a resurgent opposition says it will demand answers from the government on an ongoing exam […]

June 24, 2024 19