Trustco’s debt to Namibia’s Van Rooyen family rises to $280 million
Trustco Group’s debt to Next Capital hit $280 million, boosting the Van Rooyen family’s financial control.
Trustco Group
Trustco, owned by one of Namibia’s richest families, faces fresh suspension in South Africa
The move comes after Trustco revealed that it is considering delisting from the Johannesburg Stock Exchange as part of its plan to pursue a direct listing on Nasdaq.
Trustco, controlled by Namibian businessman Quinton van Rooyen, expands share capital with $3.2 million issuance
The new shares were allocated to Riskowitz Value Fund on Jan. 21, 2025, marking the first tranche of the acquisition.
Namibian businessman Quinton van Rooyen’s Trustco mulls delisting to sharpen growth focus
Trustco Group considers delisting from the JSE, NSX, and OTCQX to streamline operations, focus on growth, and pursue broader international opportunities.
Trustco wins shareholder approval for $25 million stake in Legal Shield Holdings
The deal, which marks a major move for Trustco, will proceed as planned, with all conditions either met or waived.
Namibian tycoon Quinton van Rooyen’s Trustco converts $238-million debt to equity
The financial maneuver follows Trustco’s announcement of a new loan agreement that obviates the necessity for a previously issued cautionary statement.
Firm linked to Namibian tycoon Quinton van Rooyen confirms $763-million diamond resource
This revelation follows Trustco’s divestiture of a 70-percent stake in the Meya Mining diamond mine to Sterling Global Trading last year, retaining a 19.5-percent interest.
Namibian tycoon Quinton van Rooyen’s Trustco to postpone $61.7-million loan repayment
Trustco is primarily owned and managed by the Namibian van Rooyen family, which holds a substantial 63.94-percent ownership stake, or 1,004,000,060 ordinary shares.
Namibian tycoon Quinton van Rooyen loses nearly $10 million in just nine days
Quinton van Rooyen, who owns a 63.94 percent stake in Trustco Group, is regarded as one of Namibia’s wealthiest individuals.
Namibian businessman Quinton van Rooyen rakes in $6.25 million
Van Rooyen, who owns a 63.94-percent stake in Trustco Group Holdings, ranks as one of Namibia’s wealthiest men.
Namibian tycoon Quinton van Rooyen’s Trustco commences $5.3-million share buyback plan
Van Rooyen owns a 63.94-percent stake in Trustco Group.
Namibian tycoon Quinton van Rooyen plans to convert $73-million loan into Trustco shares
Van Rooyen, through Next Capital, has proposed a financial maneuver to bolster Trustco Group’s financial stability.
Namibian tycoon Quinton van Rooyen’s group launches $5.3-million share buyback plan
Van Rooyen owns a 63.94-percent stake in the company. This stake, which amounts to a total of 1,004,000,060 ordinary shares in the group.
Namibian businessman Quinton van Rooyen loses $50 million in 28 days
Van Rooyen, who owns an impressive 63.94-percent stake in Trustco Group Holdings, ranks as one of Namibia’s richest men.