INSURANCE AND ITS INVESTMENTS
Legal Shield Holdings Ltd is a subsidiary of Trustco group and the holding company of the insurance and its
investments segment. Legal Shield Holdings owns Trustco Life Ltd and Trustco Insurance Ltd, which
houses the long- and short-term insurers. The investments division of the segment comprises
inter alia of Trustco’s properties and Trustco Construction Services which are all wholly owned by Trustco Life.
BANKING AND FINANCE
The banking and finance segment consists of Trustco Bank Namibia Ltd, one of eight licensed commercial banks in
Namibia, and blends mortgage, SME, student and group lending with deposit-taking to obtain an optimal structure
where profits and social investment are aligned.
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.