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Patrice Motsepe's African Rainbow Capital wants a big...

Patrice Motsepe's African Rainbow Capital wants a big...
dailymaverick.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailymaverick.co.za Daily Mail and Mail on Sunday newspapers.

South Africa , Cape Town , Western Cape , Johan Van Zyl , Zionist Christian Church , Patrice Motsepe , African Rainbow Capital , Rainbow Capital , Business Maverick , கேப் நகரம் , மேற்கு கேப் , ஜோஹன் வேன் ஸைல் , ஸ்ஶநிஸ்ட் கிறிஸ்துவர் தேவாலயம் , வானவில் மூலதனம் , வணிக ம்யாவரிக் ,

TymeBank eyes breakeven next year, Discovery Bank in 2024

TymeBank eyes breakeven next year, Discovery Bank in 2024
moneyweb.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneyweb.co.za Daily Mail and Mail on Sunday newspapers.

South Africa , Discovery Bank , Zionist Christian Church , African Rainbow Investments , Vitality Money , Discovery Miles , Milesd Day , Black Friday , கண்டுபிடிப்பு வங்கி , ஸ்ஶநிஸ்ட் கிறிஸ்துவர் தேவாலயம் , உயிர்ச்சக்தி பணம் , கண்டுபிடிப்பு மைல்கள் , கருப்பு வெள்ளி ,

Does SA need (another) black bank?

MONEYWEB
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Calls for Reserve Bank to relax the requirements for banking licences would put depositors’ money at risk.
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The country already has several black-owned banks. Image: Shutterstock
Nonkululeko Gobodo, hailed as South Africa’s first black chartered accountant and a founding member of one of the country’s largest accounting firms, recently called on the South African Reserve Bank (Sarb) to relax its requirements for new banking licences â to make it easier to start a black bank.
As long as the country’s central bank keeps its stringent requirements for a bank licence in place, most black people will remain beggars, she says, adding that the current economic structure makes black people feel unwelcome when they walk into a bank to ask for help. ....

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TymeBank signs 3 millionth customer to reach a new milestone amid Covid crisis

TymeBank signs 3 millionth customer to reach a new milestone amid Covid crisis
By Philippa Larkin
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JOHANNESBURG - DIGITAL retail bank TymeBank has reached the landmark 3 million customer milestone amid the challenging Covid-19 crisis, and says it will power on to expand future offerings that will include insurance and value-added services.
TymeBank, which was launched in 2019, said its lower fees were a compelling proposition for consumers, with onboarding customers of between 100 000 and 120 000 each month and 3 000 and 5 000 new customers every day.
Although the bank entered into a deal with the Zionist Christian Church in February last year to onboard a large proportion of the church’s 9 million member base, the initiative has largely been postponed due to the impact of the Covid-19 pandemic and would gain momentum once Covid-19 preventative measures were relaxed. ....

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