Our history

1992
  • Trustco Group founded
2000
  • Trustco is granted its first insurance licence
  • Short-term insurance operations commence
2004
  • Trustco is granted its life insurance licence
  • Life insurance operations commence
2005
  • Education and finance operations acquired in Namibia
2006
  • Trustco lists on the Namibian Stock Exchange (NSX)
2007
  • Trustco expands into South Africa
2009
  • Trustco lists on Johannesburg Stock Exchange Ltd (JSE)
  • Trustco Life becomes the largest life insurer in Namibia
2010
  • NAD80 million in DFI funding secured
  • Insurance for Namibia mobile clients launched
  • Monetisation of land bank started
2011
  • Insurance expanded to include retail clients
2012
  • NAD165 million line of credit secured
  • ZAR1 billion bond issue approved
  • Insurance expanded to South Africa
  • Trustco listing moved to Main Board of the JSE
2013
  • Domestic medium-term note programme listed on the JSE Main Board
  • Elisenheim acquisition
  • ZAR300 million bonds issued
  • Employment Equity Commission award in Namibia. The company ranked 8th out of 738 employers in Namibia
2014
  • ADR program launched in the USA
  • Acquisition of Fides Bank Namibia Ltd
  • Trustco placed third in Deloitte’s annual ‘Best Company to Work For’ survey in Namibia and Southern Africa
  • No. 1 performing share on the JSE Main Board
  • Trustco added to the JSE All-Share Index, the Small Cap Index, the Value Index, Growth Index and Financial Index
  • PMR Diamond Award Winner for good corporate citizen, advancement of corporate leadership and corporate responsibility initiatives and investment
2015
  • Trustco Resources established
  • Winner of Deloitte’ Annual Best Company to Work for 2015
  • Awarded second place in the Sunday Times Top 100 Companies, South Africa
  • Launched the Trustco Top 40, showcasing employees with outstanding service
  • Employment Equity Commission award in Namibia in recognition of good performance in the promotion of Employment Equity
  • Shareholders approved the acquisition of Huso Investments
2016
  • Awarded the Diamond Arrow award by Performance Management Review Africa in the business category for Most Innovative Companies in Namibia
  • NAD770 million line of credit secured
  • Winner of Deloitte’ Annual Best Company to Work for 2016
  • For the second year running, Trustco placed in the Top Ten of the Sunday Times Top 100 companies of the JSE.