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3:20

Motsepe’s ARC joins consortium to seal R1.5bn fintech deal

African Rainbow Capital will acquire 37% of fintech firm Crossfin through a consortium, for R600 million, in a combination of acquisitive and growth capital.

2:10
Nov 5, 2021

TymeBank hits milestones, reaches 4m customer mark

Most of the bank’s new accounts are opened at kiosks, with just under 20% of new accounts now opened online, up from 15% since April.

3:00
Oct 1, 2021

Motsepe-backed fund pumps R37.8m into Sun Exchange

The latest investment enables Sun Exchange to continue scaling its success using its crowd-based solar leasing platform in Sub-Saharan Africa.

3:10

Lower returns push Patrice Motsepe’s ARC out of Metrofibre

Investment holding company African Rainbow Capital is offloading its 8.7% interest in Metrofibre, which is valued at R268 million.

3:00
Sep 14, 2021

Motsepe’s TymeBank plans new salary advance products

The digital bank will introduce a buy-now-pay-later product called MoreTyme, as well as salary advance offerings, as it seeks to diversify its client base.

2:30
Aug 18, 2021

Patrice Motsepe’s TymeBank enters Philippines market

The digital bank takes its business global, exporting its concept and experience to its newly-established sister company in the Philippines.

4:50
Aug 10, 2021

Patrice Motsepe, Absa launch R6.5bn renewable energy fund

African Rainbow Energy will cover 31 renewable assets, making it one of the largest independently-owned energy businesses in SA.

2:30

Motsepe Foundation unveils R28m global innovation programme

Judges will select up to 25 teams to each receive $10 000 to develop small-scale prototypes over the ensuing six months.

4:10
Mar 16, 2021

David Pfaff assumes dual role in Motsepe’s Tyme group

As new CFO of Tyme, David Pfaff is set to drive the group’s new consumer credit agenda, while also devoting his time to its Asia growth plans.

4:00
Jan 25, 2021

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.

2:40
Dec 17, 2020

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.

3:50
Sep 15, 2020

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.

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