Bank Zero’s public launch hits snag amid COVID-19 interruptions
The digital-only newcomer delays its public launch and opts to run a “closed rollout” as a risk mitigation measure, amid the COVID-19 upheaval.
Patrice Motesepe’s TymeBank, Rain face COVID-19 hiccups
While Rain experienced faced certain ‘customer service challenges’ during the period, TymeBabk is tracking slightly behind its projections to attract clients.
TymeBank gets R750m lifeline as COVID-19 disrupts plans
African Rainbow Capital injected R750 million in TymeBank in the last financial year ended June, a tough period for the relatively new digital bank.
TymeBank reaches new high, adds fast mode of transaction
The new kid on the banking block now has two million customers − a target reached five months ahead of the bank’s plans.
Motsepe’s TymeBank gets Forbes recognition
The 18-month-old South African digital bank is rated second best in the country on the Forbes list of the world’s best banks.
Discovery Bank adds new customers despite COVID-19 setback
The bank says overall credit utilisation declined during the lockdown and arrears, including non-performing loans, are still within expectation.
Patrice Motsepe-backed fund invests R50.5m in solar start-up
ARCH’s Africa Renewable Power Fund has invested $3 million in SA’s blockchain-based solar start-up Sun Exchange.
Motsepe’s TymeBank adds finance heavyweight to its board
The digital bank announces the appointment of Karabo Morule as its new independent non-executive director.
TymeBank signs up 4 000 new customers per day
The digital bank now has 1.4 million customers, of which 700 000 are active bank accounts
Discovery Bank disburses over R1bn in credit
The bank’s half-year results show total credit card spend was R2.6 billion and total credit limits granted sat at R2.5 billion.
Patrice Motsepe firm commits R249m to solar projects
The fresh funding will enable the ongoing expansion of CrossBoundary Energy’s commercial and industrial solar services.