Trustco, owned by one of Namibia’s richest families, faces fresh suspension in South Africa

Billionaires.Africa

Factuality

Ownership

Trustco, owned by one of Namibia’s richest families, faces fresh suspension in South Africa

Key PointsTrustco faces potential delisting from the JSE as it pursues a Nasdaq listing, aiming to expand U.S. investor access and streamline its global market presence.It recently completed a $26 million acquisition of Legal Shield Holdings, reinforcing its financial services expansion and strengthening shareholder value.Trustco secured a $100 million investment from Riskowitz Value Fund, boosting its financial position despite declining net as…