Press Release
TRUSTCO’S UPDATE ON INSURANCE, REAL ESTATE ACQUISITION
Windhoek, Khomas, Namibia, 14th Oct 2024 – Trustco Group Holdings Limited (Trustco) has announced updates to its planned purchase of additional shares in Legal Shield Holdings Limited (LSH). Originally announced on April 23, 2024, the transaction involves Trustco acquiring an extra 11.35% stake in LSH from Riskowitz Value Fund LP (RVF). This will increase Trustco’s total ownership of LSH to 91.35%. The transaction, valued at NAD 468 million (USD 27 million), will be completed by issuing new Trustco shares to RVF. The transaction is expected to close by December 31, 2024.
The acquisition includes valuable assets such as Trustco Insurance Limited, Trustco Life Limited, and a large real estate portfolio that includes developments such as Elisenheim Lifestyle Estate, Lafrenz Industrial Park and Herboths. This portfolio consists of 2,473 sellable hectares (6,112 acres) of prime land across Namibia. Since 2011, this real estate has generated more than NAD 934 million (USD 53 million) in cash.
The extensive land bank offers the opportunity to develop more than 26,000 mixed-use plots. Over the past decade, the company has successfully serviced over 1,106 plots across its developments. With a development pipeline extending for the next 25 years, Trustco is well-positioned to address Namibia’s severe shortage of serviced land for residential, commercial, and industrial use.
Quinton Z van Rooyen, Deputy CEO of Trustco
Quinton Z van Rooyen, Deputy CEO of Trustco, commented on the transaction, stating: “This acquisition aligns well with our growth strategy and allows us to take advantage of expected capital growth, improved macroeconomic liquidity, and increased buyer demand in Namibia’s real estate market. By expanding our property portfolio, we’re set to benefit from the country’s recovering property market following the pandemic.”
Van Rooyen further emphasized the increasing interest from international investors, particularly major players in the petroleum and green hydrogen sectors from the U.S. and Europe. “The growing presence of these industry titans in Namibia strengthens our confidence and reaffirms our strategy to expand our real estate holdings. Their investments signal strong prospects for the Namibian economy, creating an ideal environment for Trustco to capitalize on these opportunities,” he added.
Trustco has submitted a circular detailing the transaction to the Johannesburg Stock Exchange (JSE) for review. Once approved, this comprehensive document will be distributed to all shareholders, providing full details on the proposed acquisition.
About Trustco:
Trustco Group Holdings Ltd is an investment entity headquartered in Windhoek, Namibia, which manages a diverse portfolio of investments spanning the insurance, real estate, non-deposit taking financial services, micro-finance, education, and mining sectors. Decisions are biased towards generational investment performance alongside shareholder wealth creation, and short-term hurdles are viewed as catalysts for future growth.
Since inception in 1992, Trustco’s investment portfolio has delivered strong returns with a CAGR of 68.97%, with a well-balanced asset mix, with a current average weighting of 34% in US Dollar based assets, while the remaining 66% is invested in Namibia Dollar (1 NAD = 1 ZAR) based assets. Trustco enjoys the backing of a wide range of coinvestors, including 3 610 from Namibia, 1 443 from abroad, and 94 from institutional entities.
About Namibia:
Namibia is a Southern African country with a population of approximately three million and a GDP per capita of USD 5 031 in 2022. The country is endowed with rich natural resources, with recent major discoveries of oil and gas reserves, lithium deposits and rare earth minerals that are vital for technology demand globally, with developments also underway in its green hydrogen projects. The Namibian government has heralded these discoveries as a transformative period, holding the potential to double the nation’s GDP by 2040.
The country’s economy expanded by 4.2% in 2023 and is projected to expand by 3.7% in 2024, following a recovery of 5.3% in 2022 from the COVID-19 pandemic. With its wealth of natural resources, pro-business environment, political stability and increasingly skilled workforce, Namibia offers attractive investment prospects across all sectors.
Forward-Looking Statements:
All statements made in this media release with respect to Trustco’s current plans, estimates, strategies beliefs and other statements that are not historical facts, including statements regarding Trustco’s plans to upgrade its ADR program and the results of such an upgrade, are forward-looking statements. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” or “would,” or the negative of these words or other similar terms or expressions. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. The Company may not actually achieve the plans, intentions or expectations disclosed in its forward-looking statements, and you should not place undue reliance on these forward-looking statements. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.
Media Contact
Organization: Trustco Group Holdings
Contact Person: Neville Basson
Website: https://www.tgh.na
Email: Send Email
Contact Number: +264612754501
Address: 2 Keller Street, Trustco House
Address 2: Windhoek
City: Windhoek
State: Khomas
Country: Namibia
Release Id: 14102418438
The post TRUSTCO’S UPDATE ON INSURANCE, REAL ESTATE ACQUISITION appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Hash Blink, widely known by his stage name Hash Blink, is a distinguished author and hip hop artist who has captivated audiences worldwide with his compelling narratives and vibrant music. His work is a reflection of his multicultural heritage, blending the rich traditions of his Liberian roots with the dynamic energy of Chicago’s hip-hop scene. This unique fusion of influences has enabled him to transcend cultural and artistic boundaries, creating a body of work that resonates with a diverse audience.
Literary Prowess
Sheriff’s journey as an author is marked by his versatility and deep understanding of human emotions. His stories traverse a range of genres, from drama and romance to thriller and science fiction, each infused with his distinctive voice and perspective. His ability to explore the intricacies of the human experience, including love, loss, identity, and resilience, has earned him a dedicated following. His characters are vividly drawn, their journeys intricately woven, making his narratives not just engaging but also profoundly relatable.
Immersive Storytelling
What sets Sheriff apart is his dedication to immersive storytelling. His writing invites readers into richly crafted worlds where every detail serves to enhance the reader’s experience. Whether it is a bustling cityscape or a quiet village, Sheriff’s descriptive prowess ensures that readers are not mere observers but active participants in the unfolding story. This immersive quality is a testament to his commitment to crafting narratives that are both compelling and thought-provoking.
Musical Artistry
In addition to his literary achievements, Hash Blink’s contributions to the hip-hop genre are equally noteworthy. His music is a testament to his lyrical prowess and his ability to address complex themes through rhythm and rhyme. His tracks often explore themes of cultural identity, social justice, and personal growth, offering listeners a blend of introspective lyrics and infectious beats. The interplay between his musical and literary endeavors enriches both, as the themes and stories in his songs often find echoes in his written works.
A Global Perspective
Sheriff’s global perspective is a defining feature of his artistic output. His Liberian heritage imbues his work with a unique cultural depth, while his experiences in Chicago add a contemporary urban edge. This cross-cultural synthesis is evident in his ability to address universal themes with a nuanced understanding of diverse cultural contexts. His work, therefore, speaks to a global audience, bridging cultural divides and fostering a greater understanding of shared human experiences.
Engaging the Audience
Through his Amazon author page and YouTube playlist, Sheriff provides easy access to his literary and musical creations. His Amazon author page features a collection of his books, showcasing his range as a storyteller. Meanwhile, his YouTube playlist offers fans a chance to experience his music, further cementing his status as a multifaceted artist.
In conclusion, Hash Blink’s dual talents as an author and musician have made him a prominent figure in both literary and musical circles. His commitment to exploring the depths of human emotion and experience, coupled with his ability to connect with audiences on a personal level, ensures that his work continues to inspire and captivate.
https://tidal.com/browse/album/397894697
https://music.apple.com/us/album/miyamoto-musashi-of-rap-radio-edit/1778430006
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Bridging Finance has launched a free online cost-calculator tool to help property developers, investors, and residential buyers estimate the costs of bridging finance transactions. The tool provides customised cost breakdowns based on loan requirements, property values, and existing debts. Bridging Finance is a specialist bridging brokerage based in Bristol.
Bristol, United Kingdom, 15th Jan 2025 – Bridging Finance, a specialist bridging finance brokerage, is excited to announce the launch of its new bridging finance cost-calculator tool. The tool is designed to simplify the process of estimating the costs of bridging finance transactions, making it accessible for property developers, investors, and residential buyers alike.
The calculator generates estimated costs based on user inputs, providing a clear breakdown of borrowing amounts, interest rates, and additional fees. Feature allow users to adjust variables and explore how changes affect costs.
Try it here: bridging finance calculator.
Key Benefits of the Bridging Finance Calculator:
- Customised Estimates: Input loan requirements, property values, and existing debts.
- Transparency in Costs: View detailed breakdowns of estimated monthly interest rates, fees, and total borrowing costs.
- Versatility: Suitable for a wide range of users, including residential buyers, property developers, and investors.
“We believe transparency and simplicity are crucial when navigating the world of bridging finance,” said Louis Levine, Senior Broker at Bridging Finance. “Bridging finance costs are complicated – our new calculator reflects our commitment to empowering clients with knowledge and improving transparency for the entire process.”
About Bridging Finance:
Based in Bristol, Bridging Finance is a specialist brokerage firm offering bridging finance advice.
For more information, contact:
Media Contact
Organization: Bridging Finance
Contact Person: Josh Foster
Website: https://www.bridging–finance.co.uk/
Email: Send Email
Contact Number: +442081589550
Address: 18 Whiteladies Road
Address 2: Clifton
City: Bristol
Country: United Kingdom
Release Id: 15012522582
The post Bridging Finance Develops Free Cost Calculator Tool appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Canada, 15th Jan 2025 – Chin Mounts, the leader in helmet-mounted camera solutions, is proud to announce its ambitious plans for 2025. Building on a legacy of innovation and reliability, the company is set to deepen its impact across action sports communities worldwide, including motorcycles, snowboarding, skiing, motocross, and more.
Expanding Horizons in Action Sports
Chin Mounts has long been the trusted choice for motorcyclists seeking optimal helmet camera setups. In 2025, the company aims to extend its reach into the snowboarding, skiing, and motocross communities, providing enthusiasts and athletes with high-quality, tailored solutions for capturing their adventures. By leveraging advanced designs and durable materials, Chin Mounts ensures its products stand up to the unique demands of each sport, from high-speed descents to rugged off-road tracks.
Adapting to a Multitude of Cameras
Recognizing the diverse preferences of action sports enthusiasts, Chin Mounts has expanded compatibility with popular action sports camera brands. Whether users are capturing epic powder runs or heart-pounding motocross jumps, Chin Mounts offers versatile solutions designed for seamless integration with these leading camera systems.
Commitment to Innovation and Community
“2025 is all about growth and adaptability,” said Matthew Engelage, CEO of Chin Mounts. “We’re not just creating products; we’re fostering a community of adventurers who want to relive and share their passions. By expanding our focus to new sports and cameras, we’re ensuring everyone has access to the best tools to tell their story.”
Looking Ahead
Chin Mounts remains dedicated to setting the standard for helmet-mounted camera solutions. With new product launches, strategic partnerships, and increased engagement in diverse sports markets, 2025 promises to be a year of exciting growth and innovation.
About Chin Mounts
Chin Mounts is the premier provider of helmet-mounted camera solutions, delivering precision-engineered mounts that cater to a variety of action sports. Known for their durability, ease of use, and compatibility with top camera brands, Chin Mounts empowers adventurers to capture and share their experiences like never before.
For the latest information, stay up to date with the brand via their website & socials:
Media Contact
Organization: Chin Mounts
Contact Person: Matthew Engelage
Website: https://chinmounts.com/
Email: Send Email
Country: Canada
Release Id: 15012522500
The post Chin Mounts: Revolutionizing Action Sports Cameras in 2025 appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
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