Trustco Financial Services is a large-scale full spectrum financial services provider with primary operations in banking, lending and insurance with its other investments being the properties and education businesses. This segment is the traditional mainstay of the group with established commercial operations dating back to the founding of Trustco.
The shared services segment operates its activities
similar to those of a business and delivers its services
to internal business segments at a cost, quality and
timelines that are competitive with alternative
service providers. The segment continually
explores, proposes and implements sustainable cost
saving initiatives and performance is tracked against set
and approved internal targets and budgets.
Trustco Resources (Pty) Ltd (Trustco Resources) was incorporated, as a wholly owned subsidiary of Trustco Group
Holdings Ltd (Trustco), in the Republic of Namibia in accordance with the Companies Act, 28 of 2004, on
17 February 2015 with registration number 2015/0081. Trustco Resources was established as one of the business
segments within the Trustco group of companies with an overall strategic focus on the natural resources sector,both nationally as well as internationally.
In light of recent media queries received by Trustco regarding inaccurate news stories, the Group Managing Director and CEO of Trustco Group Holdings Ltd, Dr Quinton van Rooyen, has issued the following statements to clarify matters.