For FW de Klerk reconciliation was never about moral intention, but always about political strategy, writes Antjie Krog.
African Rainbow Capital, founded by billionaire SA businessman Patrice Motsepe, announced that TymeBank, in which ARC has a majority shareholding, has entered into a partnership with the Zion Christian Church.
First it was price. But now banks want to outdo their peers in digital capabilities.
SA’s fastest growing digital bank, TymeBank, has attracted mostly low-income earners, many of whom don’t use smartphones for banking, and says it will be switching gears in a bid to triple its size by the end of 2020.
According to Solidarity’s 10th annual bank charges report released on Tuesday, banks are now offering better benefits to their customers at lower prices to protect their market share, following fierce competition launched in the banking sector this year.
CEO turnover hit a record high of 17% in 2018, a PwC study has found.
African Rainbow Capital and Ethos Private Equity have jointly announced an investment of R200m by the Ethos Artificial Intelligence Fund and co-investors in TymeBank.
Bank Zero has implemented EFT payment capabilities and started full end-to-end Beta testing ahead of its anticipated launch in the second half of 2019.
A number of new popular businesses, many of them leveraging emerging technologies, were created in what proved to be a very difficult decade for SA companies.
TymeBank says it's ready to start rolling out unsecured lending from February next year.
African Rainbow Capital's co-CEO Johan van der Merwe said the company's share is trading at a discount, bigger than that of its peers, and steps will be taken to address this.
TymeBank has appointed Tauriq Keraan as its new CEO with immediate effect.
The bank announced that Sandile Shabalala, had tendered his resignation for personal reasons, 'the most important of which is to spend more time with his family'.
Digital bank TymeBank reports that it has signed its 250 000th customer.
TymeBank, owned by billionaire Patrice Motsepe, has started signing up customers for its new online bank, one of several entrants planning to take clients from traditional lenders.
Cape TownO'Dwyer Personnel
DurbanvilleZaPOP Media (Pty) LtdR1 000.00 Per Month
Atlantic SeaboardShimansky Jewellers
R 2 495 000
R 2 395 000
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