{"id":33285,"date":"2022-11-07T15:15:30","date_gmt":"2022-11-07T15:15:30","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/jse-suspends-trustco-from-bourse"},"modified":"2022-11-07T15:37:50","modified_gmt":"2022-11-07T15:37:50","slug":"jse-suspends-trustco-from-bourse","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/jse-suspends-trustco-from-bourse","title":{"rendered":"JSE suspends Trustco from bourse"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>THE Johannesburg Stock Exchange (JSE) announced on Monday morning that it has suspended the trading of Trustco Holdings Group Limited shares with immediate effect.<\/p>\n

According to the JSE, the suspension follows the dismissal of an application by Trustco in South Africa’s High Court on Monday. In the application, Trustco was seeking to block its suspension from the JSE.<\/p>\n

Trustco and the JSE have been at each other’s throats over what the JSE said were inflated and incorrect financial statements, which the company has refused to amend.<\/p>\n

\u201cIn light of the above, the JSE has suspended trading in the shares of Trustco with immediate effect,\u201d said the JSE.<\/p>\n

At home, the Bank of Namibia is also pushing to liquidate Trustco Bank over solvency issues.<\/p>\n

This while Trustco remains adamant that its books are in order and there’s still much value its bank can deliver.<\/p>\n

The regulators have, however, disagreed.<\/p>\n

Email: [email protected]<\/p>\n

Twitter: @Lasarus_A<\/p>\n

According to the JSE, the suspension follows the dismissal of an application by Trustco in South Africa’s High Court on Monday. In the application, Trustco was seeking to block its suspension from the JSE.<\/p>\n

Trustco and the JSE have been at each other’s throats over what the JSE said were inflated and incorrect financial statements, which the company has refused to amend.<\/p>\n

\u201cIn light of the above, the JSE has suspended trading in the shares of Trustco with immediate effect,\u201d said the JSE.<\/p>\n

At home, the Bank of Namibia is also pushing to liquidate Trustco Bank over solvency issues.<\/p>\n

This while Trustco remains adamant that its books are in order and there’s still much value its bank can deliver.<\/p>\n

The regulators have, however, disagreed.<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. THE Johannesburg Stock Exchange (JSE) announced on Monday morning that it has suspended the trading of Trustco Holdings Group Limited shares with immediate effect. According to the JSE, the suspension follows the dismissal of an application by Trustco in South Africa’s High Court on Monday. In the application, Trustco was seeking to […]<\/p>\n","protected":false},"author":84,"featured_media":33284,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,236,233],"class_list":["post-33285","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nJSE suspends Trustco from bourse - Namibia<\/title>\n<meta name=\"description\" content=\"THE Johannesburg Stock Exchange (JSE) announced on Monday morning that it has suspended the trading of Trustco Holdings ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/jse-suspends-trustco-from-bourse\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JSE suspends Trustco from bourse\" \/>\n<meta property=\"og:description\" content=\"THE Johannesburg Stock Exchange (JSE) announced on Monday morning that it has suspended the trading of Trustco Holdings ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/jse-suspends-trustco-from-bourse\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-11-07T15:15:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-07T15:37:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/11\/postQueueImg_21-6369263bec812.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"416\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/jse-suspends-trustco-from-bourse#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/jse-suspends-trustco-from-bourse\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"JSE suspends Trustco from bourse\",\"datePublished\":\"2022-11-07T15:15:30+00:00\",\"dateModified\":\"2022-11-07T15:37:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/jse-suspends-trustco-from-bourse\"},\"wordCount\":301,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/jse-suspends-trustco-from-bourse#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/11\/postQueueImg_21-6369263bec812.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/jse-suspends-trustco-from-bourse#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/jse-suspends-trustco-from-bourse\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/jse-suspends-trustco-from-bourse\",\"name\":\"JSE suspends Trustco from bourse - 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