INSURANCE AND ITS INVESTMENTS
Legal Shield Holdings (LSH) is a subsidiary of the Trustco group and the holding company of the insurance segment and its investments. LSH owns Trustco Life and Trustco Insurance which houses the Namibian long and short term insurers. The investments division of this segment comprises inter alia of properties, air charter and strategic media services.
BANKING AND FINANCE
Trustco Bank Namibia Ltd, one of eight licensed commercial banks in Namibia, focuses on retail banking via a branch network in Namibia. The bank blends mortgage, SME, student and group lending with deposit-taking to obtain an optimal structure where profits and social investment are aligned.
Shared services provide administrative and support services to the operational segments.
As part of the group's drive to grow the business, the company identified the resources sector as a potential source of value i.e. translating natural resources into wealth and tangible sustainable economic development.The focus of the resources segment over the medium term planning horizon remains on the diamond sector.