About Us
Micro Insurance: Trustco has a wide and competitive insurance product offering that includes legal, medical, salary and life cover. A new venture, Trustco Mobile, was launched during March 2008. The product affords free life (funeral) cover to mobile airtime users. The company intends to revolutionise the African micro-insurance market by establishing a formidable footprint across the continent and beyond.
Micro Finance & Education: This segment provides micro finance and education through its distance learning business, the Institute for Open Learning (IOL).
Financial Services outside Namibia: This segment is represented by the South African subsidiary, Trustco Financial Services (Pty) Ltd (formerly Dex Financial Services (Pty) Ltd). This segment is a specialised provider of holistic solution-driven insurance products and services across the financial and management service sectors.
Private Equity: This includes Trustco’s non-core business units that mainly provide auxiliary and complementary services to the main segments. Formerly the Property, Development and Media segment which were restructured to render the group more versatile and able to strategically focus on its core business.
Trustco recently supplemented its primary Namibian Stock Exchange listing (share code: TUC), and made history by being the first African company to list on the new Africa Board of the JSE Limited (share code: TTO) on 19 February 2009 by means of a dual primary listing. The key objectives of the listing being better liquidity and greater access to capital for further expansion and acquisitions. Trading equity on the Africa Board has provided Trustco with the opportunity to expand it’s share holder base and obtain regional exposure, placing the company on a platform accessible to International and local Investors.
Trustco’s biggest asset remains the dedicated employee base (over 650 employees) in Windhoek, Ongwediva, Katima Mulilo, Rundu, Keetmanshoop, Walvis Bay, Johannesburg and Cape Town.
