MARC HASENFUSS: Trustco continues to bewilder
This week Trustco stumped up an eye-popping R2bn to buy loss-making Constantia Insurance, a subsidiary of JSE-listed Conduit Capital
12 December 2019 - 05:00
Namibian investment company Trustco — fortunate to have been unshackled from a recent R1bn loan made by its founding executive and main shareholder, Quinton van Rooyen — continues to bewilder.
This week Trustco stumped up an eye-popping R2bn to buy loss-making Constantia Insurance, a subsidiary of JSE-listed Conduit Capital. Before the proposed takeover was detailed, Conduit carried a market capitalisation of less than R900m...
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