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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Trustco

8 Results / Page 1 of 1

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Business / Economics

15 October 2024 Morning Biz News: Trustco Expands Stake, JPMorgan Enters Kenya, and Nvidia Stock Soars Amid AI Boom

Trustco Group Expands Stake in Legal Shield Holdings Trustco Group Holdings is set to increase its ownership in Legal Shield Holdings to 91.35%, following a N$468 million deal expected to close by December 31. This acquisition will encompass key assets, including Trustco Insurance, Trustco Life, and a substantial real estate portfolio, with developments like Elisenheim Lifestyle Estate and Lafrenz Industrial Park being part of the deal. JPMorgan Chase Approved for […]

todayOctober 15, 2024 15

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Business / Economics

Trustco Group’s Meya Mining Uncovers 391.45-Carat Diamond in Sierra Leone

Trustco Group Holdings announced the discovery of a 391.45-carat diamond by Meya Mining in Sierra Leone's Kono District. Trustco, which holds a 19.5% stake in Meya Mining, highlighted that this is the second major diamond find from the Meya River kimberlite domain. The first significant discovery was a 476-carat diamond in 2017. Like the previous find, the latest diamond, initially weighing 514.99 carats, fragmented into three pieces during recovery. Quinton […]

todayAugust 28, 2024 46

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Business / Economics

27 August 2024 Morning Biz News: Trustco Exits Banking, Harmony Gold Profits Surge, and More

Trustco Group Holdings Exits Commercial Banking Trustco Group Holdings Limited has officially exited the commercial banking sector by surrendering Trustco Bank Namibia’s banking license to the Bank of Namibia. Chairman Quinton van Rooyen revealed that this decision was due to the group’s strategy to withdraw from deposit-taking institutions, which made up less than 1% of its total investments. The Brief reports this move marks Trustco’s strategic shift away from banking. […]

todayAugust 27, 2024 25

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Local

Trustco Issues Shares to Independent Non-Executive Directors

Trustco Group Holdings Limited (JSE: TTO; NSX: TUC; OTCQX: TSCHY) is pleased to announce a proposal for ad hoc compensation in lieu of historical Independent Non-Executive Directors (INEDs) compensation during successive years. The INEDs voluntarily implemented a 20% reduction in their compensation, effective 1 April 2020. The reduction was implemented alongside the Company's proactive response to the unknown economic ramifications of the COVID-19 pandemic at the time and was part […]

todayAugust 13, 2024 7

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Business / Economics

Trustco’s Meya Mining Investment confirms $763 million diamond resource

    Trustco Group Holdings Limited (TTO.SJ) has announced that Meya Mining, in which Trustco’s mining portfolio holds a 19.5% interest, and is located within the eastern province of Sierra Leone, has released promising findings from a diamond resource estimate for the Meya River Kimberlite Dyke. The report confirms the total kimberlite ore down to a depth of 800m below surface is 6.05 million tonnes. The assessed in-situ grade is […]

todayJune 5, 2024 76 2

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Local

TRUSTCO Group solidifies insurance and property holdings with strategic transaction.

    Trustco Group Holdings Limited (Trustco) today announced its acquisition of an additional 11.35% interest in Legal Shield Holdings Limited (Legal Shield) from Riskowitz Value Fund LP (RVF) for NAD 468 million. This will increase Trustco’s holding in Legal Shield to 91.35%. The strategic transaction fortifies Trustco's investment footprint in the insurance and real estate sectors in Namibia, both primed for substantial growth in the post-pandemic landscape. The coveted […]

todayApril 23, 2024 6

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Business / Economics

The Alexforbes Lead Story – 30 January

With the Trustco Group having recently announced that they would be tapping into their shareholders in order to acquire N$ 2.4 billion for investments into the local economy, The Business Report caught up with Deputy CEO Quinton van Rooyen Jnr. to find out more. https://iono.fm/e/1401105

todayJanuary 31, 2024 60

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