records 1.3 billion losses in the last two years

Tujoromajo Kasuto TRUSTCO Group Holdings Managing Director (MD), Quinton van Rooyen says that for the first time the group plans to cash-in on one of its major foreign investments. The group, he says, it wants to reduce its shareholding substantially to a minority interest in mining activities in Sierra Leone. The value of that transaction is estimated to amount to USD150 million (N$2.3billion) which will be more than the group’s current market capitalisation or the value of all its stock. This comes as the group posted losses in the past two financial years, totaling N$1.3 billion, since the start of…