Business Lead South Africa

SA billionaire Patrice Motsepe gets the green light to buy digital bank TymeDigital

JOHANNESBURG, November 2 – South African billionaire Patrice Motsepe’s African Rainbow Capital (ARC) on Friday obtained approval from the Prudential Authority of the South African Reserve Bank to acquire a majority stake of the new digital bank, TymeDigital. In August, the black-owned financial services company, ARC, reached agreement to acquire 90 percent of TymeDigital for an […]

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. […]