{"id":69824,"date":"2024-05-27T17:53:21","date_gmt":"2024-05-27T17:53:21","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/trustco-distances-itself-from-bowling-clubs-debts"},"modified":"2024-05-27T18:05:06","modified_gmt":"2024-05-27T18:05:06","slug":"trustco-distances-itself-from-bowling-clubs-debts","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/trustco-distances-itself-from-bowling-clubs-debts","title":{"rendered":"Trustco distances itself from bowling club\u2019s debts"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>The Trustco Group has distanced itself from the financial liabilities accrued by the Trustco United Bowling Club, formerly known as the TransNamib Bowling Club.<\/p>\n

This follows a story published by this newspaper last week about the bowling club\u2019s eviction by TransNamib from its premises due to failure to honour rental commitments over the past 80 years.<\/p>\n

Trustco Group Holdings\u2019 head of public relations and communication Neville Basson on Friday dissociated Trustco from the financial liabilities of the club. He noted that it recently incorporated the bowling club into its expanded sports disciplines, and bears no responsibility for any debts accrued by the bowling club.<\/p>\n

\u201cThe Trustco United Sports Club officially incorporated bowling as a new sports discipline in February 2024, and promptly announced the update across their social media platforms. While Trustco Group Holdings serves as the main sponsor of the sports club, the company bears no responsibility for any liabilities accrued by the sports club or bowling club prior to or following this date,\u201d he stressed.<\/p>\n

The bowling club had claimed they were unfairly kicked out without a plausible reason.<\/p>\n

The chairman of the Trustco United Bowling Club, Christo Steenkamp, expressed frustration that they had attempted to reach an agreement with TransNamib, but were not given an opportunity to engage in discussions. The club also sought the intervention of the Namibia Sports Commission, but no opportunity was provided.<\/p>\n

However, TransNamib spokesperson Abigail Raubenheimer refuted those claims, stating that the club had not paid for utilities since their occupation began, adding to TransNamib\u2019s financial woes. Despite attempts in 2018 and 2019 to establish rental conditions and bill the club for utilities, the club did not comply, and even questioned TransNamib\u2019s ownership in court documents.<\/p>\n

\u201cThis ongoing non-compliance indicated a lack of a viable partnership, with TransNamib unfairly subsidising the club\u2019s activities. TransNamib has always maintained ownership of the property in question. The decision to reclaim occupation of the property stemmed from the bowling club\u2019s failure to comply with the requirements set out to rent properties from TransNamib,\u201d she said.<\/p>\n

Last month, TransNamib appointed seasoned executive Desmond van Jaarsveld as their new CEO. He took the helm at a time when the company\u2019s financial losses were reportedly exceeding N$15 million per month. In 2022, reports indicated that TransNamib was operating with a monthly deficit of over N$10 million. The company heavily relies on government subsidies to support its daily operations, a situation deemed \u201cnot a sustainable long-term solution.\u201d<\/p>\n

Despite these challenges, TransNamib remains optimistic about overcoming them. During the 2019\/2020 financial year, the railway entity achieved a historic revenue growth, with a 10.5% increase in freight revenue.<\/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 Trustco Group has distanced itself from the financial liabilities accrued by the Trustco United Bowling Club, formerly known as the TransNamib Bowling Club. This follows a story published by this newspaper last week about the bowling club\u2019s eviction by TransNamib from its premises due to failure to honour rental commitments over […]<\/p>\n","protected":false},"author":84,"featured_media":69823,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3],"tags":[234,236,233],"class_list":["post-69824","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-community","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nTrustco distances itself from bowling club\u2019s debts - Namibia<\/title>\n<meta name=\"description\" content=\"The Trustco Group has distanced itself from the financial liabilities accrued by the Trustco United Bowling Club, former ...\" \/>\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\/trustco-distances-itself-from-bowling-clubs-debts\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Trustco distances itself from bowling club\u2019s debts\" \/>\n<meta property=\"og:description\" content=\"The Trustco Group has distanced itself from the financial liabilities accrued by the Trustco United Bowling Club, former ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/trustco-distances-itself-from-bowling-clubs-debts\" \/>\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=\"2024-05-27T17:53:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-27T18:05:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/05\/sm_1716820386.033278.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"470\" \/>\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=\"3 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\/trustco-distances-itself-from-bowling-clubs-debts#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/trustco-distances-itself-from-bowling-clubs-debts\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Trustco distances itself from bowling club\u2019s debts\",\"datePublished\":\"2024-05-27T17:53:21+00:00\",\"dateModified\":\"2024-05-27T18:05:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/trustco-distances-itself-from-bowling-clubs-debts\"},\"wordCount\":455,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/trustco-distances-itself-from-bowling-clubs-debts#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2024\/05\/sm_1716820386.033278.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"community\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/trustco-distances-itself-from-bowling-clubs-debts#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/trustco-distances-itself-from-bowling-clubs-debts\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/trustco-distances-itself-from-bowling-clubs-debts\",\"name\":\"Trustco distances itself from bowling club\u2019s debts - 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