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March 2026
The Namibian
Irma van Rooyencompleteda double Robben Island crossing in under six hours
Source
“Veteran Namibian swimmer Irma van Rooyen this week completed a double Robben Island crossing in Cape Town in under six hours, braving cold water and strong currents.”
Veteran Namibian swimmer Irma van Rooyen completed a double Robben Island crossing in Cape Town in under six hours without a wetsuit, braving cold water of approximately 13°C and strong currents. The achievement forms the first leg of the Cape Triple Crown of open water swimming.
Veteran Namibian swimmer Irma van Rooyen completed a double Robben Island crossing in Cape Town in under six hours without a wetsuit, braving cold water of approximately 13°C and strong currents. The achievement forms the first leg of the Cape Triple Crown of open water swimming.
The 2026 National Enduro Championships' first leg attracted 64 entries—the highest in three years—with riders competing across eight classes over varied terrain. Winner Quinton van Rooyen and organiser Ruan de Lange noted the sport is gaining momentum, with the second leg scheduled for Etumba on 11 April.
Trustco CEO Quinton van Rooyen warned that Namibia faces a job-creation crisis, with only about 15,228 employers supporting a population of three million, meaning each employer must create opportunities for nearly 200 people. He described the shortage as a structural economic challenge requiring more investment and business creation.
The Bank of Namibia has withdrawn its High Court application to wind up Trustco Bank Namibia, a former Trustco Group subsidiary. Trustco confirms the bank remains solvent and states that all depositors have been fully repaid with no losses.
KTM Namibia has renewed its sponsorship of Namibian Enduro champion Quinton Z van Rooyen for the 2026 racing season following his dominant 2025 campaign in which he won every round of the national championship. Van Rooyen will continue competing on the KTM 300 EXC Six Days and aims to defend his title and compete in regional races including the Roof of Africa and selected European events.
The first leg of Namibia's national enduro motorcycle championships begins this weekend at Yellowstone Trials west of Windhoek. Enduro demands stamina, mental and physical fitness, and bike maintenance skills rather than pure speed, with riders across multiple classes competing on a technical course featuring rocks, steep terrain, and river beds.
Trustco shareholders voted by 43.75% to remove the current board, but chairman Raymond Heathcote invalidated the meeting on the grounds that it lacked the required 21-day notice period under the Companies Act. The Riskowitz Value Fund, which proposed five replacement directors, says it will take the matter to court.
Trustco Group Holdings is returning 400 million shares to treasury or suspension following a failed takeover bid by its largest minority shareholder, Riskowitz Value Fund, which held 23% of shares and attempted to fire the board. The reversal of the Legal Shield Holdings transaction, originally approved in December 2024, restores capital structure and reduces total shares in issue to approximately 992.2 million.
Trustco Group Holdings is winding down its American Depositary Receipt programme with Bank of New York Mellon, effective March 23, 2026, as the company pursues a direct listing on a US stock exchange. The Namibian holding company launched its ADR programme in 2014 and traded on OTCQX since 2019, but says growing international investor interest in Namibia and shifts in its own shareholder base support the move to a primary US listing.
Trustco Group Holdings has confirmed the full unwinding of its Legal Shield Holdings transaction following a failed hostile takeover attempt by Riskowitz Value Fund LP, which had received 400 million shares under an agreement that expressly prohibited a change of control but then used those shares to attempt exactly that. Approximately 400 million shares are being returned to treasury, restoring Trustco's shareholder structure and reducing RVF's voting rights to approximately 22%, with Trustco reserving all rights to pursue damages and restitutionary remedies.
Trustco Group Holdings rejected a hostile takeover bid by Riskowitz Value Fund LP at a shareholders' general meeting. The Chairman ruled the meeting illegally convened under Namibian law, a condonation vote to cure the defect failed to achieve the required majority, and even on the substance of the proposal, the fund could not secure board reconstitution support.
Trustco Group Holdings' subsidiary Meya Mining Limited has secured a N$400-million financing facility from Ecobank to support the move towards full commercial diamond production under a 25-year licence in Sierra Leone's Kono District. The funding will support equipment, mining vehicles, and infrastructure, with expectations to create over 400 direct jobs, mostly filled locally.
Ecobank Sierra Leone has approved a USD 25 million financing facility for Meya Mining Limited, a diamond mining company operating under a 25-year exclusive license in Sierra Leone's Kono District, in which Trustco Group Holdings holds a minority interest. The funding will support advanced processing equipment, mining vehicles, and infrastructure as Meya advances toward full commercial production, with expectations to create over 400 direct jobs and stimulate local supply chains.
Riskowitz Value Fund, a 23% shareholder in Trustco Group Holdings, has called a general meeting for 16 February to elect five new directors and remove founder Quinton van Rooyen and the current board after they refused to convene the meeting. The board claims the requisition is invalid and accuses the proposed directors of value destruction, but Section 189 of the Namibian Companies Act allows members holding at least 5% of voting shares to require such a meeting.