insert_link 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 31
insert_link 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 17
insert_link 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 4
insert_link 2 Business / Economics Trustco’s Meya Mining Investment confirms $763 million diamond resource Trustco Group Holdings Limited (TTO.SJ) has announced that Meya Mining, in which Trustco’s mining portfolio holds a 19.5% interest, and is located within the eastern province of Sierra Leone, has released promising findings from a diamond resource estimate for the Meya River Kimberlite Dyke. The report confirms the total kimberlite ore down to a depth of 800m below surface is 6.05 million tonnes. The assessed in-situ grade is […] todayJune 5, 2024 61 2
insert_link Local TRUSTCO Group solidifies insurance and property holdings with strategic transaction. Trustco Group Holdings Limited (Trustco) today announced its acquisition of an additional 11.35% interest in Legal Shield Holdings Limited (Legal Shield) from Riskowitz Value Fund LP (RVF) for NAD 468 million. This will increase Trustco’s holding in Legal Shield to 91.35%. The strategic transaction fortifies Trustco's investment footprint in the insurance and real estate sectors in Namibia, both primed for substantial growth in the post-pandemic landscape. The coveted […] todayApril 23, 2024 5
insert_link Business / Economics Spotlight Feature – Quinton van Rooyen Jnr. Laimi finds out more about the Trustco Group Deputy CEO and avid fitness fanatic. https://iono.fm/e/1401456 todayFebruary 2, 2024 59
insert_link Business / Economics The Alexforbes Lead Story – 30 January With the Trustco Group having recently announced that they would be tapping into their shareholders in order to acquire N$ 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
