Mr. Quinton van Rooyen’s remarks on the Trustco Mobile, Econet and First Mutual Life Business Launch
- Historic day for Trustco, Econet and First Mutual Life.
- Mr Quinton Van Rooyen, Group Managing Director of Trustco Group Holdings Limited stated that Insurance products have been available to the world for the past 300 years while Mobile telecommunication has been around for the past 20 years. Insurance only managed to penetrate 6% of the African market in 300 Years. Mobile telephony managed to penetrate 40% in 20 years.
- Trustco is a company of many firsts. Trustco will rather DIE than drink from the cup of MEDIOCRICY and it was looking for like- minded partners like Econet and First Mutual Life. Econet indicated that they did not only want to provide voice services but would like to expand into financial services. First Mutual life indicated that they are ready to take on the potential 4.5 Million clients that can now benefit from Free Mobile Insurance.
- With a switch of a button First Mutual Life will become one of the largest Insurers in Southern Africa, putting an estimated 4.5 Million clients on their books.
- Econet will become the 1st single entity in Zimbabwe that pays the largest premium for its subscribers for Insurance purposes to an Insurer.
- Namibians have also been benefiting and more than 3000 shareholders should be smiling as their share price increasing by 12% today (Wednesday 6 October 2010) on the JSE.
Click here to download sound recording of launch notes.
