Billionaire Patrice Motsepe

Radio 702 | TymeDigital CEO Sandile Shabalala says the aim of South Africa’s first black-owned commercial bank will be to service the underserved sector and to broaden the reach of financial services.

TymeDigital Bank CEO Sandile Shabalala says the aim of South Africa’s first black-owned commercial bank will be to service the underserved sector and to broaden the reach of financial services.

Billionaire Patrice Motsepe’s African Rainbow Capital (ARC) will soon own 100% of TymeDigital, which is expected to open later this year.

Shabalala says the bank will aggressively target unbanked and underserved South Africans as well as small and medium-sized businesses.

Source- EWN