Meya Mining lands $25 million Ecobank facility as Trustco backs ramp up in Sierra Leone diamonds
Meya Mining secured a $25 million Ecobank facility that Trustco says will fund new equipment and speed diamond output in Sierra Leone.
Quinton van Rooyen
Trustco faces board shake-up as Riskowitz fund calls shareholder meeting to remove founder Quinton van Rooyen
Riskowitz Value Fund has called a Feb. 16 meeting to replace Trustco’s board, escalating a long, messy fight with founder Quinton van Rooyen.
Namibian businessman Quinton van Rooyen's Trustco halts Riskowitz takeover move
Trustco rejects Riskowitz’s takeover move, calling the bid invalid after nominees refused required vetting.
JSE slams Namibian businessman’s Trustco for ‘unacceptable’ conduct in mining sale
The JSE imposed a ZAR 5 million fine on Trustco and flagged “unacceptable” conduct tied to the sale of its mining arm without shareholder consent.
Nambian multi-millionaire Quinton van Rooyen gets $281-million offer for Trustco
Trustco’s founding family weighs $281 million offer from Cayman-based investor, tied to U.S. listing ambitions and $250 million debt financing.
Trustco, led by Quinton van Rooyen, loses $11 million tax case
Trustco loses court bid as Namibia upholds NAD305.5 million ($16.7 million) tax recovery.
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.
Quinton van Rooyen’s stake drops $3.9 million amid JSE decline
Van Rooyen, the company’s largest shareholder with 377.2 million shares, has lost R67.9 million ($3.9 million) in market value this year.
Namibian tycoon Quinton van Rooyen’s Trustco surrenders banking licence and exits sector
Ecobank Nigeria faces a $200-million capital adequacy shortfall, risking financial stability and seeking urgent creditor support to avoid default
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.