Also known as: Trustco Group Holdings Ltd
Windhoek-based investment entity with interests in insurance, education, real estate, mining and micro-finance, currently engaged in delisting process and shareholding disputes.
Key points drawn from coverage. Tap a point to see the original sentence.
The Namibian
Trustco shareholders voted to remove the current board
“During a general meeting held by Trustco shareholders last week, the majority voted to remove the current Trustco board.”
Trustco shareholders win vote to remove board but fail on legalityThe Namibian
Trustco Group Holdings has moved to fully unwind a multi-million-dollar transaction after a failed takeover bid by its largest minority shareholder
“TRUSTCO Group Holdings has moved to fully unwind a multi-million-dollar transaction after a failed takeover bid by its largest minority shareholder, Riskowitz Value Fund (RVF).”
Trustco reclaims 400m shares as board firing failsThe Namibian
Trustco alleges that RVF used shares it received to requisition a meeting to fire the board and install its own nominees
“However, Trustco alleges that RVF used the very shares it received in the first tranche of the deal to requisition a meeting to fire the board and install its own nominees.”
Trustco reclaims 400m shares as board firing failsInformanté
Trustco Group Holdings Limited is ending its American Depositary Receipt programme with Bank of New York Mellon, effective 23 March 2026
“Trustco Group Holdings Limited ("Trustco") is ending its American Depositary Receipt ("ADR") programme with the Bank of New York Mellon, effective on or about 23 March 2026.”
Trustco Closes ADR Chapter, Clears Path to US ListingInformanté
Trustco has previously announced its intention to pursue a direct listing on a US stock exchange
“Trustco has previously announced its intention to pursue a direct listing on a US stock exchange.”
Trustco Closes ADR Chapter, Clears Path to US ListingInformanté
Trustco Group Holdings Limited confirms N$468 million Legal Shield Holdings transaction is being fully unwound
“Trustco Group Holdings Limited ("Trustco" or "the Company") confirms that the N$468 million Legal Shield Holdings ("LSH") transaction is being fully unwound following the failed hostile takeover attempt by Riskowitz Value Fund LP ("RVF").”
RVF Loses NAD 468 Million as a Result of Botched Takeover AttemptThe Namibian
Trustco Group Holdings confirmed that a hostile takeover bid by its largest minority shareholder was rejected hostile takeover bid by Riskowitz Value Fund LP
“TRUSTCO Group Holdings' long-running governance battle reached a decisive turning point on Monday after the company confirmed that a hostile takeover bid by its largest minority shareholder, Riskowitz Value Fund LP (RVF), was rejected at a general meeting.”
Trustco hostile takeover bid failsInformanté
Trustco Group Holdings Limited announced the conclusion of its long-standing sponsorship agreement with Trustco United Sport Club
“Trustco Group Holdings Limited ("Trustco" or "the Group") today announced the conclusion of its long-standing sponsorship agreement with Trustco United Sport Club, one of Namibia's oldest sport clubs, as the contract reaches its natural expiry at the end of February 2026.”
Trustco celebrates legacy of partnership with United Sport Club as sponsorship concludesInformanté
Trustco Group Holdings Limited has invested millions in the Namibia Squash Association
“The Group's wider investments have included millions in the Namibia Squash Association, funding Namibia's first artificial hockey turfs, sponsoring the Trustco Namibia Sevens Rugby tournament, and supporting junior tennis development.”
Trustco celebrates legacy of partnership with United Sport Club as sponsorship concludesInformanté
Trustco Group Holdings Limited had rejected foreign hostile takeover bid by Riskowitz Value Fund LP on all fronts
“Trustco Group Holdings Limited ("Trustco" or the "Company") confirms that the foreign hostile takeover bid advanced by Riskowitz Value Fund LP ("RVF") was rejected on all fronts at today's General Meeting.”
Foreign Hostile Takeover Bid Against Trustco Fails on All FrontsOngava has appointed businessman and former Brave Warriors captain Amos Shiyuka as board chairperson of Ongava Game Reserve and Ongava Hai//om Tourism, citing his leadership, strategic insight and commitment to conservation as key factors in the decision.
7 July 2026 · The Namibian →
Ongava has appointed businessman and former Brave Warriors captain Amos Shiyuka as board chairperson of Ongava Game Reserve and Ongava Hai//om Tourism, citing his leadership, strategic insight and commitment to conservation as key factors in the decision.
7 July 2026 · The Namibian →
Trustco Group Holdings Ltd, a Windhoek-based investment entity with interests in insurance, education, real estate, mining and micro-finance, is advertising a vacancy for a Company Secretary in Windhoek.
18 June 2026 · Informanté →
Trustco Group Holdings has received a formal demand from major shareholder Riskowitz Capital Management LLC to convene a shareholders' meeting to appoint a new board. This follows a contentious February shareholder meeting where a majority voted to remove the current board, but the outcome was invalidated by board chairman Raymond Heathcote on procedural grounds.
17 June 2026 · The Namibian →
Trustco Group Holdings Limited has advised shareholders to exercise caution when trading its shares as the company proceeds with delisting from the Johannesburg Stock Exchange, Namibia Securities Exchange, and the OTCQX Market. The company first announced the delisting consideration in January 2025 and said the process includes appointing an independent expert to provide an updated fairness opinion.
20 May 2026 · Windhoek Observer →
The Ministry of Works and Transport plans to cancel a lease agreement with businessman Erastus Shapumba for a building the government rents for N$1.1 million per month but does not occupy. Shapumba says he did not draft the lease agreement, which was signed in December 2023 for a three-year term, and argues his rental rate of N$99 per square metre is cheaper than other private buildings.
18 May 2026 · The Namibian →
Trustco Group Holdings congratulated intern Paulinus Mazai on graduating from the Namibia University of Science and Technology with a Bachelor of Natural Resource Management Honours degree. Mazai joined Trustco's Employees' and Directors' Children Internship Programme in 2025 and is continuing his internship while gaining hands-on industry experience.
9 May 2026 · Informanté →
Namibia's media sector has expanded significantly from a single state broadcaster before independence to today's mix of state, private, and community outlets. While the country maintains strong media freedom protections and has weathered challenges including rising printing costs and the shift to digital publishing, new pressures from AI and ethical standards in online content present ongoing challenges for journalists.
20 March 2026 · New Era →
Elisenheim Property Development Company has received renewal of its Environmental Clearance Certificate for Phase 4 of the Elisenheim Lifestyle Estate development near Windhoek, which will add approximately 290 residential erven to the residential estate.
17 March 2026 · New Era →
Elisenheim Property Development Company has received renewal of its Environmental Clearance Certificate, enabling Phase 4 expansion of the Elisenheim Lifestyle Estate near Windhoek, which will add approximately 290 residential plots. The project, owned by Trustco Group Holdings, continues its development from farmland into an established residential community.
16 March 2026 · Informanté →
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.
9 March 2026 · Informanté →
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.
7 March 2026 · The Namibian →
Northern businessman Erastus 'Chicco' Shapumba is set to acquire five industrial plots at Oshakati for N$405 540, prompting opposition councillors to raise concerns about fairness and transparency. Opposition figures argue that allocating multiple plots to a single beneficiary at reduced rates (N$10 per square metre) without a competitive process lacks equitable access and public accountability.
25 February 2026 · The Namibian →
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.
24 February 2026 · The Namibian →
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.
21 February 2026 · The Namibian →
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.
20 February 2026 · Informanté →
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.
19 February 2026 · Informanté →
Trustco Group Holdings' largest minority shareholder, Riskowitz Value Fund LP (RVF), failed in its attempt to remove and replace the board at a general meeting on Monday. The meeting was ruled illegally convened under the Namibian Companies Act; a condonation vote to remedy defects failed, and RVF could not secure majority support even on the merits, according to the company.
19 February 2026 · The Namibian →
Trustco Group Holdings Limited has concluded its long-standing sponsorship agreement with Trustco United Sport Club, one of Namibia's oldest sports clubs, as the contract expires at the end of February 2026. The partnership, which began in June 2011, transformed the club into a multi-code sporting venue with Premier League rugby titles, international cricket fixtures, and thriving hockey and netball programmes.
17 February 2026 · Informanté →
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.
17 February 2026 · Informanté →
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.
12 February 2026 · The Namibian →
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.
12 February 2026 · Informanté →
Trustco Group Holdings is re-evaluating its plan to delist from the Johannesburg Stock Exchange following the JSE's approval of simplified listing requirements, reversing years of threats to exit Africa's largest bourse over disputes about financial statement compliance. The company's board is assessing whether the new requirements address its concerns about the JSE's questioning of its board independence and financial integrity.
29 January 2026 · The Namibian →
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.
28 January 2026 · The Namibian →