Sake

Will diamonds be Trustco’s best friend?

Accumulated loss of N$1.9 bn

Trustco Group Holdings is seriously cash-strapped and its board of directors is monitoring "detailed liquidity improvement initiatives" to ensure the group can meet its obligations and continue operating.

Jo-Maré Duddy

1 Jaar Gelede - 2023-06-02 00:00:00

Trustco Group Holdings is banking on more than N$2 billion from plans involving especially its diamond mining company in Sierra Leone to ensure its survival.The Namibian-based, JSE

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Katima Mulilo: 17° | 36° Rundu: 17° | 37° Eenhana: 20° | 38° Oshakati: 21° | 38° Ruacana: 20° | 38° Tsumeb: 21° | 36° Otjiwarongo: 18° | 34° Omaruru: 21° | 37° Windhoek: 19° | 33° Gobabis: 18° | 35° Henties Bay: 13° | 21° Wind speed: 27km/h, Wind direction: S, Low tide: 13:46, High tide: 07:50, Low Tide: 02:00, High tide: 20:18 Swakopmund: 13° | 16° Wind speed: 34km/h, Wind direction: SW, Low tide: 13:44, High tide: 07:48, Low Tide: 02:00, High tide: 20:16 Walvis Bay: 14° | 23° Wind speed: 36km/h, Wind direction: S, Low tide: 13:44, High tide: 07:47, Low Tide: 02:00, High tide: 20:15 Rehoboth: 18° | 34° Mariental: 22° | 37° Keetmanshoop: 22° | 37° Aranos: 19° | 37° Lüderitz: 14° | 25° Ariamsvlei: 20° | 39° Oranjemund: 11° | 21° Luanda: 24° | 25° Gaborone: 19° | 36° Lubumbashi: 15° | 34° Mbabane: 16° | 33° Maseru: 16° | 31° Antananarivo: 9° | 25° Lilongwe: 19° | 29° Maputo: 19° | 33° Windhoek: 19° | 33° Cape Town: 14° | 22° Durban: 18° | 24° Johannesburg: 19° | 31° Dar es Salaam: 23° | 30° Lusaka: 18° | 31° Harare: 15° | 29° Currency: GBP to NAD 22.97 | EUR to NAD 19.24 | CNY to NAD 2.49 | USD to NAD 17.59 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.28 | EGP to NAD 0.35 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.14 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 132.67 | USD to AOA 905.58 | USD to BWP 13.29 | USD to EGP 48.46 | USD to KES 128.5 | USD to NGN 1589.69 | USD to ZAR 17.59 | USD to ZMW 26.45 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1828.68 Down -0.58% | Casablanca Stock Exchange (CSE) MASI 14148.99 Up +0.92% | Egyptian Exchange (EGX) 30 Index 31175.43 Up +1.05% | Botswana Stock Exchange (BSE) DCI 9661.12 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 616.55/OZ UP +0.31% | Copper US$ 4.39/lb UP +0.03% | Zinc US$ 3 033.90/T UP 0% | Brent Crude Oil US$ 77.54/BBP UP +0.40% | Platinum US$ 958.27/OZ UP +0.81% Sport results: Weather: Katima Mulilo: 17° | 36° Rundu: 17° | 37° Eenhana: 20° | 38° Oshakati: 21° | 38° Ruacana: 20° | 38° Tsumeb: 21° | 36° Otjiwarongo: 18° | 34° Omaruru: 21° | 37° Windhoek: 19° | 33° Gobabis: 18° | 35° Henties Bay: 13° | 21° Wind speed: 27km/h, Wind direction: S, Low tide: 13:46, High tide: 07:50, Low Tide: 02:00, High tide: 20:18 Swakopmund: 13° | 16° Wind speed: 34km/h, Wind direction: SW, Low tide: 13:44, High tide: 07:48, Low Tide: 02:00, High tide: 20:16 Walvis Bay: 14° | 23° Wind speed: 36km/h, Wind direction: S, Low tide: 13:44, High tide: 07:47, Low Tide: 02:00, High tide: 20:15 Rehoboth: 18° | 34° Mariental: 22° | 37° Keetmanshoop: 22° | 37° Aranos: 19° | 37° Lüderitz: 14° | 25° Ariamsvlei: 20° | 39° Oranjemund: 11° | 21° Luanda: 24° | 25° Gaborone: 19° | 36° Lubumbashi: 15° | 34° Mbabane: 16° | 33° Maseru: 16° | 31° Antananarivo: 9° | 25° Lilongwe: 19° | 29° Maputo: 19° | 33° Windhoek: 19° | 33° Cape Town: 14° | 22° Durban: 18° | 24° Johannesburg: 19° | 31° Dar es Salaam: 23° | 30° Lusaka: 18° | 31° Harare: 15° | 29° Economic Indicators: Currency: GBP to NAD 22.97 | EUR to NAD 19.24 | CNY to NAD 2.49 | USD to NAD 17.59 | DZD to NAD 0.13 | AOA to NAD 0.02 | BWP to NAD 1.28 | EGP to NAD 0.35 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.65 | ZWL to NAD 0.04 | BRL to NAD 3.14 | RUB to NAD 0.18 | INR to NAD 0.21 | USD to DZD 132.67 | USD to AOA 905.58 | USD to BWP 13.29 | USD to EGP 48.46 | USD to KES 128.5 | USD to NGN 1589.69 | USD to ZAR 17.59 | USD to ZMW 26.45 | USD to ZWL 321 | Stock Exchange: JSE All Share Index Same 0 | Namibian Stock Exchange (NSX) Overall Index 1828.68 Down -0.58% | Casablanca Stock Exchange (CSE) MASI 14148.99 Up +0.92% | Egyptian Exchange (EGX) 30 Index 31175.43 Up +1.05% | Botswana Stock Exchange (BSE) DCI 9661.12 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 616.55/OZ UP +0.31% | Copper US$ 4.39/lb UP +0.03% | Zinc US$ 3 033.90/T UP 0% | Brent Crude Oil US$ 77.54/BBP UP +0.40% | Platinum US$ 958.27/OZ UP +0.81%