Trustco Group Holdings Ltd - Company Profile
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Trustco Group Holdings Ltd (Trustco Group) is a financial services group, which provides insurance, real estate, education, resources, and banking and financing solutions, through its subsidiaries. It offers a range of insurance solutions for short-term and long-term. Its banking and financing solutions comprise transactional and investment accounts, loans and mortgages, discounting and factoring, and property development financing. Through its real estate division, the group makes investments primarily in mixed-use land growth, construction, and management. Trustco Group also carries out mining, incubator, and institute for open learning. The group has operations in South Africa, and Namibia. Trustco Group is headquartered in Windhoek, Namibia.
Headquarters
Namibia
Address
2 Keller Street, Trustco House, Po Box 11363, Windhoek, 9000
Website
www.tgh.na
Telephone
264 61 2754000
No of Employees
636
Industry
Financial Services
EPS
XYZ
Net Income (2023)
XYZ
-147.4%
(2023 vs 2022)
Market Cap*
$30.9M
Net Profit Margin (2022)
XYZ
69.0%
(2023 vs 2022)
* As of and is in US$
Products and Services
| Products | Services | Brands |
|---|---|---|
| Banking and Finance: | Institute for Open Learning Courses | Trustco |
| Basic Transactional Account | Discounting | |
| Advance Transactional account | Investments: | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Others | In August, the company received a takeover offer to sell its entire stake to VeldBridge Holdings Ltd, an investment company. |
| 2024 | Acquisitions/Mergers/Takeovers | In April, the group acquired an additional 11.35% stake in Legal Shield Holdings Limited. |
| 2024 | Contracts/Agreements | In August, the group partnered with the Media Ombudsman on the 2024 Elections Media Monitoring Project. |
Competitor Comparison
| Key Parameters | Trustco Group Holdings Ltd | Hollard Insurance Group | FirstRand Namibia Ltd | Bank Windhoek Ltd | Letshego Bank Namibia |
|---|---|---|---|---|---|
| Headquarters | Namibia | South Africa | Namibia | Namibia | Namibia |
| City | Windhoek | Johannesburg | Windhoek | Windhoek | - |
| State/Province | - | Gauteng | - | Karas | - |
| No. of Employees | 636 | 2,211 | 2,136 | - | - |
| Entity Type | Public | Private | Public | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Quinton Zandre Van Rooyen | Alternate Director; Deputy Chief Executive Officer - Group; Group Head – Financial Services | Executive Board | 2016 | 37 |
| Floors Jacobus Abrahams | Director - Financial; Director | Executive Board | 2006 | 48 |
| Raymond Heathcote | Chairman | Non Executive Board | 2010 | 60 |
| Renier Jacobus Taljaard | Director | Non Executive Board | 2012 | 64 |
| Janene Van Den Heever | Director | Non Executive Board | 2021 | 52 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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