News

2022
  • 23 June 2022 – SENS Announcement Renewal of Cautionary

    Shareholders are referred to the cautionary announcement dated 11 October 2021 and the subsequent renewals of such cautionary announcement regarding the agreement (“Management Agreement”) entered into between Next Capital Ltd (“Next”)… READ MORE

  • 11 May 2022 – SENS Announcement Renewal of Cautionary Announcement

    Shareholders are referred to the cautionary announcement dated 11 October 2021 and the subsequent renewals of such cautionary announcement regarding the agreement (“Management Agreement”) entered into between Next Capital Ltd (“Next”) and Trustco in terms of which Next has been appointed to provide the management services to Trustco, for which Next shall earn a fee

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  • 29 April 2022 – SENS Announcement Third Addendum on Specific Repurchase

    Shareholders are referred to the announcement released on SENS on 20 August 2021 regarding the agreement entered into between Trustco Capital (Pty) Ltd (“Trustco Capital”) and Constantia Risk and Insurance Holdings Limited (“Constantia”) in terms of which Trustco Capital shall repurchase 51 769 633 Trustco shares from Constantia at a rate of NAD 1.81 per

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  • 23 March 2022 – SENS Announcement Withdrawal of Cautionary Announcement

    Shareholders (“Shareholders”) are referred to the cautionary announcement published on SENS on 28 December 2021 in terms whereof Trustco advised Shareholders that it and it’s Sierra Leonean partner Germinate, received a written offer from a first tier global diamond producer. The offer was for USD 150 million as a debt facility to scale production at

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  • 17 March 2022 – Results of Annual General Meeting

    The board of directors of Trustco advises that at the Annual General Meeting of shareholders held on 17 March 2022 (“AGM”), all the resolutions, as set out in the Integrated Annual Report distributed to shareholders on 31 January 2022, were duly approved by the requisite majority of shareholders present and voting. Shareholders are advised that:

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  • 14 March 2022 – Trustco Rides Award Wave

    The latest edition of the PMR Africa awards confirmed Trustco Group Holdings Ltd.’s reputation as Most Innovative Company/Institution in Namibia. Trustco was handed the Golden Arrow award during a ceremony at the Arebbusch Travel Lodge in the capital city of Windhoek, Namibia, where the most prestigious businesses rubbed shoulders. With these awards PMR Africa demonstrates

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  • 7 March 2022 – SENS Announcement Update on Annual General Meeting

    Trustco shareholders (“Shareholders”) are referred to the SENS announcement published on 31January 2022 which contained the Notice of the AGM. Shareholders are reminded that the AGM in respect of the financial year ended 31 August 2021 will beheld at Trustco House, 2 Keller Street, Windhoek and conducted by way of and will be accessible toShareholders

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  • 25 February 2022 – Trustco Salutes Another Group of Junior Board Trainees

      Windhoek, Namibia – Trustco Group Holdings Limited (“Trustco”) salutes the seven young, dynamic individuals that completed its latest junior board mentorship programme. This successful mentorship programme that was conducted over a period of a year produced some of the best talent since its inception in 2018, when the first Junior Board Mentorship Programme was

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  • 21 February 2022 – SENS Update on Trustco’s Review Application

    Trustco refers to the SENS announcement published on 23 November 2021 where shareholders were updated on the ruling of its application for reconsideration by the Financial Services Tribunal against the JSE directive.Shareholders are also referred to the announcement released on 31 January 2022 in terms of which shareholders were informed that Trustco had served the

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  • 21 February – SENS Renewal of Cautionary Announcement

    Shareholders are referred to the cautionary announcement dated 11 October 2021 and the subsequent renewals of such announcement, the latest of which was dated 10 January 2022 regarding the agreement (“Management Agreement”) entered into between Next Capital Ltd (“Next”) and Trustco in terms of which Next has been appointed to provide the management services to

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  • 1 February 2022 – Trustco Announces Results for 2021 Financial Year

    With the release of Trustco’s Integrated Annual Report and Financial Statements for the period ending 31 August 2021, Trustco’s Group Managing Director, Dr Quinton van Rooyen, noted that, “Trustco did manage to break a few records this year. This marks the first year that the value of the group’s investments outside Namibia are greater than

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  • 31 January 2022 – SENS Announcement Update on Review Application

    Trustco refers to the SENS announcement published on 23 November 2021 where shareholders were updated on the ruling of its application for reconsideration by the Financial Services Tribunal against the JSE directive. Shareholders were informed that Trustco had 180 days to bring a review application to the High Court in South Africa in terms of

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  • 28 January 2022 – SENS Announcement Second Addendum on Specific Repurchase

    Shareholders are referred to the announcement released on SENS on 20 August 2021 regarding the agreement entered into between Trustco Capital (Pty) Ltd (“Trustco Capital”) and Constantia Risk and Insurance Holdings Limited (“Constantia”) in terms of which Trustco Capital shall repurchase 51 769 633 Trustco shares from Constantia at a rate of NAD 1.81 per

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  • 28 January 2022 – SENS Announcement Trading Statement for the 11 Month Financial Period

    Trustco is a diversified triple listed family owned investment holding company, with a culture of creating long–term sustainable growth for all stakeholders. Decisions are biased towards long–term value creation and short–term hurdles are viewed as catalysts to drive above average investment returns. The Company invests in high quality, world class assets in the Financial Services

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  • 10 January 2022 – SENS Announcement Renewal of Cautionary

    Shareholders are referred to the cautionary announcement dated 11 October 2021 and the renewal Shareholders are referred to the cautionary announcement dated 11 October 2021 and the renewal of such announcement on 22 November 2021 regarding the agreement (“Management Agreement”) entered into between Next Capital Ltd (“Next”) and Trustco in terms of which Next has

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2021
  • 28 December 2021 – SENS Announcement Cautionary Announcement

    Trustco Shareholders (“Shareholders”) are referred to the Company’s unaudited condensed consolidated interim results for the six months period ended 31 March 2021 published on 30 June 2021 in terms whereof it was advised that the Company’s subsidiary, Meya Mining (“Meya Mining”)… READ MORE

  • 1 December 2021 – SENS Announcement non binding advisory vote

    Trustco Shareholders (Shareholders) are referred to the announcements released on SENS on 23 November 2021 in terms whereof Shareholders were advised of the dismissal of Trustco’s application for reconsideration by the Financial Services Tribunal in South Africa. READ MORE

  • 23 November 2021 – Trustco FRIP Press Release

    TRUSTCO’S APPLICATION FOR RECONSIDERATION AT THE FINANCIAL SERVICES TRIBUNAL DISMISSED Trustco Group Holdings Ltd is disappointed to note that its application for reconsideration by the Financial Services Tribunal has been dismissed, as referenced in the SENS announcement published by the JSE on 22 November 2021.  Trustco does not agree with the judgement. READ MORE

  • 22 November 2021 – SENS Announcement Renewal of Cautionary

    Shareholders are referred to the cautionary announcement dated 11 October 2021 and theannouncement dated 23 August 2021 regarding the agreement (“Management Agreement”) enteredinto between Next Capital Ltd (“Next”) and Trustco in terms of which Next has been appointed toprovide the management services to Trustco… READ MORE

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

    TRUSTCO GROUP HOLDINGS LIMITED 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 TRUSTCO BOARD APPOINTS INDEPENDENT NON-EXECUTIVE DIRECTOR Windhoek, Namibia – Trustco has announced the appointment of Ms Janene van den Heever

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  • 18 October 2021 – SENS Announcement Global Credit Rating

    Shareholders are referred to announcement published on SENS on 2 November 2020 where shareholders were advised that the Global Credit Rating Company (“GCR”) published the Company’s long-term credit rating of CCC… READ MORE

  • 29 September 2021 – T10 Tournament Report

    The Trustco NTA Junior Tennis Tournament held over the past weekend was a smash with 77 players between the ages of 8 and 18 years, hitting it off in Windhoek on Friday afternoon. With 170 matches being played on 22 courts, meticulous planning ensured that everything went smoothly. “It was a busy weekend sports-wise in

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  • 31 August 2021 – The Start of Trustco 2.0

    THE START OF TRUSTCO 2.0: BOARD TRAINING, PRESENTATIONS AND STRATEGIC SESSION Windhoek, Namibia – Trustco Group Holdings’ board of directors, directors of subsidiary boards, top management, group auditors and various special invited experts met on Tuesday 24 August 2021 at the Avani Hotel and Casino for their annual strategic and budget session. This vital and

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  • 31 August 2021 – SENS Announcement Repurchase Programme During Closed Period

    Shareholders are advised that the Company has, in compliance with paragraph 5.72(h) of the Listings Requirements of the JSE Limited (“JSE”), established a share repurchase programme in terms of which the Company, either directly or through a subsidiary company, may repurchase ordinary shares during its closed period (“Repurchase Programme”). READ MORE

  • 18 August 2021 – Trustco Group One Step Closer to Full Vaccination

    Staff Reporter TRUSTCO Group Holdings is well on its way to achieve its vaccination targets, aimed to protect the lives of its employees, their families, clients and the communities they reside in. The group has just achieved the 50% percent mark of employees having had their first shots and 20% having achieved full vaccination status,

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  • 15 July 2021 – OnawaMed assists in fight against COVID-19

    OnawaMed assists in fight against COVID-19 Staff Reporter OnawaMed, powered by Trustco Life decided to step into the fray of assisting Namibians in need of medical care through Adonia Trust and Covid Warriors Namibia. Many Namibians are in desperate need for daily oxygen, and OnawaMed identified this national need and pledged its assistance. Head of

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  • 15 July 2021 – Trustco and NamPol partnership will ease mortuary load

    Trustco and NamPol partnership will ease mortuary load Zorena Jantze A freezer container donated as a supplementary mortuary to the Namibian Police by Trustco Group Holdings (TGH), in response to the critical overcrowding of bodies at the morgue is welcomed by NamPol as spontaneous volunteerism, patriotism, and human kindness when a nation needs unity and

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  • 19 May 2021 – Trustco Jabs Covid-19 in its Tracks!

    Trustco, always aware of its social commitment as a proudly Namibian company, and keeping in line with best international practices, recently joined the national COVID-19 vaccination campaign, championed by the Namibian government. READ MORE

  • 29 April 2021 – SENS Announcement Results of AGM

    The board of directors of Trustco advises that at the Annual General Meeting of shareholders held on 29 April 2021 (“AGM”), all the resolutions, as set out in the Integrated Annual Report posted to shareholders on 26 February 2021, were duly approved by the requisite majority of shareholders present and voting… READ MORE

  • 31 March 2021 – Trustco Board Appoints Global Business Leader

    Windhoek, Namibia – Trustco has announced the appointment of Mr Richard Marney to its main board. The internationally acclaimed business developer, with a 45-year career in banking, emerging markets, investing, economics and asset management is appointed as an independent non-executive member of the Trustco Group Holdings board.

  • 18 March 2021 – SENS Announcement Withdrawal of Cautionary

    Trustco shareholders are referred to the announcement released on SENS on 12 August 2020 as well as the cautionary announcements released on 4 December 2020 and the subsequent renewals of such cautionary announcement dated 20 January 2021 and 3 March 2021, and using the definitionstherein. Read More

  • 2 March 2021 – The Unshakeable Pillar of Trustco

    WINDHOEK, NAMIBIA – Since its inception on 21 August 1992, Trustco Group Holdings has had people from all walks of life contribute to its continued success. One such individual, who quickly became a cornerstone of the group, is Group Financial Director, Floors Abrahams. Read More

2020
  • 2 November 2020 – SENS Announcement Global Credit Rating

    Trustco Shareholders (“Shareholders”) are advised that the Global Credit Rating Company (“GCR”) has on 30 October 2020 published the Company’s long-term credit rating of CCC – (NA) and its short-term rating of C (NA) with the outlook as evolving. Read More

  • 29 October 2020 – SENS Announcement Trading Statement for the Interim Period

    Trustco shareholders (“Shareholders”) are advised that the Group is finalising its audited Interim Financial Statements for the 12 months period ended 31 March 2020 (“Audited Interim Results”). The Group announced that its financial year end changed from 31 March to 30 September in the SENS announcement issued on 31 March 2020. Read More

  • 19 October 2020 – SENS Announcement Voluntary Update in the Resources Segment

    Trustco Shareholders (“Shareholders”) are advised that Trustco secured two term sheets, one with an international private equity fund for a debt facility of USD 50 million (~ZAR 822 million) and the second term sheet with an export credit facility to the amount of USD 35.8 million (~ZAR 590 million). Read More

  • Trustco to invest hundreds of millions additionally in Distance-learning  

    Staff Reporter THE Institute for Open Learning (IOL) is set to revolutionize access to student loans for distance learning with the approval of a USD 20 million term loan facility by the Deutsche Investitions und Entwikkelingsgesellschaft (DEG) to Trustco Finance. In a massive demonstration of trust in the Trustco distance learning model that improved the

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  • 3 June 2020 – SENS Announcement DEG Loan Facility

    Loan Facility: Usd 20 000 000 Facilities Agreement Between Trustco Finance (Pty) Limited (“Trustco Finance”) as the Borrower and Deutsche Investitions Und Entwicklungsgesellschaft (“Deg”) as the Lender Read More

  • 31 March 2020 – SENS Announcement Total Issued Shares

    Trustco Shareholders (“Shareholders”) are referred to the SENS announcement dated 12 February 2020 in terms whereof Shareholders were advised that the issued share capital of the Company increased to 1 603 075 619 ordinary shares on 19 February 2020. Read More

  • 31 March 2020 – SENS Announcement Directors Dealings

    In compliance with paragraph 3.63 to 3.74 of the JSE Limited Listings Requirements (‘Listings Requirements”), the company discloses the following dealings in securities by executive directors of Trustco… Read More

  • 27 March 2020 – SENS Announcement Changes to the board

    At an audit and risk committee (“ARC”) meeting held on 20 March 2020, management requested the Company’s auditors Moore Johannesburg (“Moore”) to relook the fee structures submitted to the ARC regarding Moore’s proposed audit fees. Read More

  • 24 February 2020 – Sens Announcement change in Company Secretary

    CHANGE IN COMPANY SECRETARY In compliance with the requirements of paragraph 3.59 of the Listings Requirements of the JSE Limited, shareholders are advised that the Board of Directors of the Company has appointed Komada Holdings (Pty) Ltd (“Komada Holdings”)… Read More

  • 17 February 2020 – Media Release – PMR Awards

    WINDHOEK, Namibia – Trustco Group Holdings keeps on raising the bar of corporate excellence when they received the prestigious Golden Arrow accolade for Leaders and Achievers at the annual PMR Africa Awards ceremony this morning. Read More

2019
2018
  • 2018 TGH Annual Board Training and Strategic Session

    Trustco Group Holdings’ board of directors and top executives, of the various segments of the group, attended the two day group strategic session as well as the annual board training session with Mr Richard Chetwode on Friday, 9 March 2018, at the Swakopmund Strand Hotel. Mr Chetwode is a diamond industry expert with comprehensive knowledge

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  • 14 March 2018 TGH- QVR Code – Media Release

    TRUSTCO GROUP HOLDINGS LIMITED Incorporated in the Republic of Namibia (Registration number 2003/058) NSX Share Code: TUC JSE Share Code: TTO ISIN Number: NA000A0RF067 (“the Company” or “Trustco”)   QVRCODE heading for Otjiwarongo!   Thursday evening will be a buzz of activities once again as Dr Quinton van Rooyen takes his now well-established QVRCODE to

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  • Trustco PMR Africa Award, Another Milestone Achievement

    Another milestone achievement. Trustco Group Holdings scooped the PMR Diamond Arrow Award for “Most Innovative Company / Institution in Namibia” at a star studded breakfast this morning at the Safari Hotel, in Windhoek, Namibia. This category for achievers, in which Trustco placed 1st overall and was rated highest, is awarded based on ratings by a

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2017
  • 25 October 2017 – Trustco remains on top

          Trustco remains on top Trustco, the two time consecutive of the Deloitte “Best Company to Work For” survey, received the Platinum Seal of Achievement alongside Bank of Namibia and Dundee Precious Metals, the eventual winner of this year’s re-organized competition. Trustco, who has been participating in the survey for the past four

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  • 29 March 2017 – Winner: PMR Diamond Arrow Award for Leaders and Achievers

      Another milestone achievement: Trustco Group Holdings scooped the PMR Diamond Arrow Award for Leaders and Achievers on Wednesday, 29 March 2017, during the awards ceremony held at the Safari Court Hotel in Windhoek. This category for achievers is rated on their contribution to the economic growth and development of Namibia through exceptional demonstration of

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2016
  • 15 June 2016 – Oshili Nawa boost

    Oshili Nawa boost: Namibia’s foremost Junior Squash players will be competing in the annual South African Junior Country Districts Squash Festival , popularly referred to as the ‘’Bloem Tour ‘’ between 29th of April and the 2nd May 2016. A total of 32 Namibian junior players will be competing in this prestigious tournament. Neville Basson,

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  • The Davin Trustco Hockey Stadium receives shading and benches

     Trustco Group Holdings recently donated umbrellas and picnic benches to the value of N$17 000 in a further move to enhance the amenities at the artificial turf  hockey stadium and to facilitate growth opportunities for young Namibian hockey players. Pictured here at the Davin Trustco Hockey Stadium is Windhoek High school’s hockey coordinator, Mr Johan

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2015
  • Huso Circular

    14 Sep 2015 – Distribution of circular on the acquisition of the entire issued share capital of Huso Investments Proprietary Limited by Trustco including notice convening the general meeting.

  • Trustco Joins AOPA to bring Aviation Spectacle to Windhoek

    Trustco Joins AOPA to bring Aviation Spectacle to Windhoek Many Namibians fondly remember the last time the general public experienced aviation in its full glory, during the 1995 air show at Eros Airport at which approximately 10 000 people descended on the airport for a memorable event that, until today, generates both excitement and fond

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  • Trustco Group scoops PMR award

    The Annual PMR Africa Namibia Country Survey Business Excellence Awards Breakfast 2015 took place at the Windhoek Country Club on the 16th of February 2015. Trustco Group Holdings received a Diamond Arrow Award for placing first as the highest rated business overall in the category for companies held in high esteem as a good corporate citizen,

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2014
  • Highlights of the IFC’s 6th International Private Education Conference

    IFC’s 6th International Private Education Conference, Rethinking Education, Shaping the Future, brought together thought leaders and investors in education from around the globe. On April 1-2, 2014 in San Francisco, USA, the delegates discussed how innovation and technology in education delivery and results measurement are giving us new tools for broadening access to quality education

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