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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.

4:20

Investment firm, consortium buy 25.8% MetroFibre stake

The organisations agree to acquire a 25.8% interest in MetroFibre Networx held by Sanlam Private Equity, African Rainbow Capital and a minority shareholder.

2:40
Mar 31, 2021

TymeBank reaches 3m customers, 700 retail kiosks

The branchless bank bills itself among the world’s fastest-growing digital banks, on-boarding between 3 000 and 5 000 new customers daily.

4:00
Mar 23, 2021

MetroFibre, Investec sign R2.5bn debt funding deal

The financing will be used to extend the open access fibre network operator’s fibre connectivity into under-serviced homes and businesses.

6:10
Mar 19, 2021

Rain finds ‘window of 5G opportunity’ in spectrum impasse

The data-only mobile network operator says the delay in SA’s spectrum auction process is working in its favour, as it aggressively rolls out its 5G strategy.

2:40

Rain targets 2m customers, reaches R17.1bn valuation

The mobile network operator aims to rack up two million local customers over the next few years, as it reaches a R17.1 billion valuation.

4:30
Feb 23, 2021

TymeBank plans offshore expansion after scoring R1.6bn funding

The digital-only bank adds new board members and explores international opportunities after securing R1.6 billion in funding from investors in the UK and Philippines.

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.

4:10
Oct 2, 2020

Bank Zero on track for 2020 launch, says CEO

South Africa’s latest digital-only bank confirms it will be open to the public before the end of the year, with financial backing from seven investors.

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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