Trustco Group Holdings Limited

03 Nov

Trustco board appoints independent non-executive director

ObserverObserver MoneyJanene van den Heever, Trustco Group Holdings Limited

Tujoromajo Kasuto TRUSTCO Group Holdings Limited has announced the appointment of Janene van den Heever to its main board as an independent non-executive director with effect from 1 November. Trustco’s Spokesperson, Neville Basson, says van den Heever currently serves as the managing member of Cajaka Furniture Manufacturing in Windhoek. She gained extensive experience of more than 13 years in the corporate business environment before she embarked on her journey to establish a new business venture, Cajaka Furniture, in 2013, which she still manages. Van den Heever started her career with Trustco in the early 2000s in Oshakati in the far…

Trustco secures N$345m loan

ObserverUncategorisedCovid-19, German, Trustco, Trustco Finance, Trustco Group Holdings Limited

Staff Writer Trustco Finance, a subsidiary of Trustco Group Holdings Limited has secured a US$20 million (approximately N$345 million) loan from Deutsche Investitions Und Entwicklungsgesellschaft, a German development finance institution. The loan approval is, however, subject to a final agreement currently being drafted. The bulk of the facility will be used to provide student financing, offered by Trustco Finance, as well as enhancing the educational facilities offered by the Institute for Open Learning (Pty) Ltd (“IOL”), while funding will also be made available to existing students to restructure and refinance their existing obligations as part of the group’s COVID-19 relief…