Business In The News South Africa

Patrice Motsepe buys 100% stake in digital bank TymeDigital

JOHANNESBURG, August 8 – South African billionaire Patrice Motsepe’s African Rainbow Capital (ARC) on Wednesday confirmed that it has reached agreement to acquire 90 percent of the new digital bank, TymeDigital, for an undisclosed sum through its subsidiary, ARC Financial Holding Company (FinHoldCo). TymeDigital is a registered South African bank with a strong fintech focus. […]