insert_link Business / Economics Trustco forms committee for delisting plans Trustco Group Holdings Limited has announced the establishment of an independent committee to manage its proposed de-listing from the Johannesburg Stock Exchange, the Namibian Stock Exchange, and the OTCQX Market in the United States. This move aligns with the company’s plans to pursue a direct listing on the Nasdaq stock market. Quinton Van Rooyen Junior, Trustco’s Deputy CEO, explained that the formation of this committee is in accordance with […] today5 February, 2025
insert_link Business / Economics Namdia Heist: More questions, lots of confusion Namib Desert Diamonds (Namdia) Head Office, Cnr of Dr Kwame Nkrumah. Avenue & Dr Sam Nujoma Drive. Klein Windhoek. By Wonder Guchu "Apart from the media causing so much confusion, the whole Namib Desert Diamonds (Namdia) heist is as baffling as it is unbelievable that three people could contemplate pulling off such a multi-million-dollar robbery in broad daylight. And just why would a well-known squash player be so daring to […] today22 January, 2025
insert_link Namibia Alleged Namdia Heist Suspect Anticipated “Big Payday” Before Death 44 year-old Max Endjala, implicated in the recent Namib Desert Diamonds robbery, reportedly confided in a friend last year about an anticipated "big payday" that would secure his future. Reports indicate that around the same time, he allegedly received N$1 million from an international business deal and planned to start a business with a local diamond dealer. Endjala, who was Trustco Group's Chief Operations Officer for its investigations unit, […] today22 January, 2025
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. […] today27 August, 2024
