3 November 2021 – Trustco Board Appoints Independent Non-Executive Director
3rd November 2021


Incorporated in the Republic of Namibia

(Registration number 2003/058)

NSX Share Code: TUC

JSE Share Code: TTO

OTCQX share code: TSCHY

ISIN Number: NA000A0RF067 (“the Company” or “Trustco”) 

Media Release

3 November 2021


Windhoek, Namibia – Trustco has announced the appointment of Ms Janene van den Heever to its main board as an independent non-executive director with effect from 1 November 2021.

Ms Van den Heever, a Namibian citizen, is currently the managing member of Cajaka Furniture Manufacturing in Windhoek. She gained extensive experience of more than 13 years in the corporate business environment before she embarked on her journey to establish a new business venture, Cajaka Furniture, in 2013, which she still manages today.

Ms Van den Heever started her career with Trustco in the early 2000’s in Oshakati in the far north of Namibia. “From its very humble beginnings, the early entrepreneurial projects of Trustco hit the ground running. We starting off selling maize meal for the group at the time and it unlocked the spirit of entrepreneurship in me for sure. When the insurance business rose from its incubation period in the group, it challenged me beyond imagination,” she said.

With the insurance business being launched with a mere four employees at the time, the group grew rapidly to have a staff complement of nearly one hundred employees working for Trustco under the watchful eye of Ms. Van den Heever. Eventually, she managed all the group’s regional offices and her success resulted in her being called to serve at executive level on the group exco in Windhoek. “The bright lights of Windhoek were never to my liking. I loved my stay, the people, and passion of the far north. But, I could simply not pass up on the opportunity to work side by side with the best that the group can offer, so I moved to Windhoek in 2007,” she said.

After six more years in the capital, honing her business skills, she decided it was time for her to set up her own business. “Trustco embraces a strong culture of self-determination and entrepreneurship. If you work side by side with the most brilliant people Namibia can offer, under the leadership of Dr van Rooyen, how can you not be inspired to strike out on your own?” she chuckles. Upon leaving Trustco, she founded and since then operated Cajaka Furniture Manufacturing. She furthermore also served as a director on the boards of various other entities in Namibia.

In 2018, Janene was appointed as independent non-executive director to the financial services entities of Trustco. On the back of her valuable contributions to the boards of the financial services entities, the group’s nomination committee recommended her to serve as an independent non-executive director of Trustco.

Upon the announcement of Ms Van den Heever’s appointment as non-executive director of the Trustco Group, Trustco’s chairman, Adv Raymond Heathcote, said the following, “Only the best, most innovative and greatly passionate, and also in particular in this instance on the back of a relationship of trust, is appointed to the Trustco board. I have no doubt as to the value of the contributions she’ll make to the board going forward.”

The Bank of Namibia also approved the appointment of Ms Van den Heever as independent non-executive director of Trustco. Trustco is excited to welcome Ms Janene van den Heever to its main board and the group as a whole and wish her all the best in her latest role.

For further information please contact:

Neville Basson

Tel +264 275 4501

Email nevilleb@tgh.na




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