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Monday, 8 June 2026
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Monday, 8 June 2026
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Namibian press · Organization

Trustco Group Holdings Limited

Also known as: Trustco Group Holdings Ltd

Trustco Group Holdings Limited — Namibian holding company with subsidiaries in mining, banking, property development, and sports; currently undergoing delisting from JSE, NSX, and OTCQX amid shareholder activism.

2022-02-182026-06-08
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What’s been said

Key points drawn from coverage. Tap a point to see the original sentence.

  1. January 2026

  2. The Namibian

    Trustco announced it had received shareholder approval to delist and seek a listing elsewhere

    Source

    “In 2021, Trustco announced it had received shareholder approval to delist and seek a listing elsewhere.”

    Trustco gets cold feet on JSE, NSX delisting

  3. The Namibian

    Trustco is re-evaluating whether delisting remains appropriate following the JSE's approval of its simplified listing requirements

    Source

    “However, a new announcement from Trustco on Monday indicates the company is re-evaluating whether delisting remains appropriate following the JSE's approval of its simplified listing requirements.”

    Trustco gets cold feet on JSE, NSX delisting

  4. The Namibian

    Trustco Group Holdings is facing a leadership purge after its largest minority shareholder moved to fire the current board

    Source

    “Trustco Group Holdings is facing a leadership purge after its largest minority shareholder, Riskowitz Value Fund (RVF), moved to fire the current board, including founder Quinton van Rooyen, next month.”

    Trustco faces board upheaval as minority shareholder moves to fire founder Quinton van Rooyen
  5. January 2025

  6. The Namibian

    Trustco Group Holdings has launched a company probe

    Source

    “Trustco Group Holdings has launched a company probe after its internal and forensics investigation unit chief operations officer (COO) was implicated in a robbery at Namib Desert Diamonds (Namdia).”

    Trustco investigates Max Endjala's role in Namdia robbery
Business

Trustco cautions shareholders during ongoing delisting process

The News

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 →

Wednesday 20 May

  1. Trustco cautions shareholders during ongoing delisting process

    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 →

Monday 18 May

  1. Government plans to cancel Chicco building lease agreement

    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 →

Saturday 9 May

  1. Trustco intern Paulinus Mazai graduates from NUST

    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 →

Friday 20 March

  1. Namibian media evolves from SWABC monopoly to diverse digital landscape

    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 →

Tuesday 17 March

  1. Elisenheim estate receives environmental approval for phase 4

    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 →

Monday 16 March

  1. Elisenheim estate secures environmental clearance for Phase 4 expansion

    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 →

Monday 9 March

  1. Namibia has too few employers to support job seekers, CEO warns

    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 →

Saturday 7 March

  1. Bank of Namibia withdraws winding-up case against Trustco Bank

    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 →

Wednesday 25 February

  1. Oshakati council grants five plots to businessman Shapumba

    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 →

Tuesday 24 February

  1. Trustco board removal vote ruled invalid over notice period

    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 →

Saturday 21 February

  1. Trustco unwinds share deal after RVF takeover bid fails

    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 →

Friday 20 February

  1. Trustco ends ADR programme, plans direct US stock listing

    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 →

Thursday 19 February

  1. Trustco unwinds NAD 468 million LSH deal after RVF takeover bid fails

    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 →

  2. Trustco rejects hostile takeover bid by minority shareholder RVF

    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 →

Tuesday 17 February

  1. Trustco ends 15-year sponsorship of United Sport Club

    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 →

  2. Trustco rejects hostile takeover bid by foreign fund on procedural grounds

    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 →

Thursday 12 February

  1. Meya Mining secures N$400m funding for Sierra Leone diamond production

    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 →

  2. Ecobank provides USD 25 million financing to Meya Mining

    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 →

Thursday 29 January

  1. Trustco reconsiders JSE delisting after six-year conflict

    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 →

Wednesday 28 January

  1. Trustco minority shareholder calls February vote to remove board

    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 →

Trustco Group Holdings Limited — Namibian press coverage · Namibia Minute