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When Capitec Bank launched, its lower fees challenged the traditional big four banks and forced fees down overall. The sector is now facing similar challenges from digital newcomers such as Tyme Digital. (Mike Hutchings/Reuters)
ABSA

The battle of the banks

Several new entrants will spark a war of attrition rather than a full-frontal assault and customers will be the winners

  • Lynley Donnelly
8 min read
Patrice Motsepe called for a probe after Cameroon’s President Paul Biya earlier ordered an investigation.
PATRICE MOTSEPE

Patrice Motsepe’s ARC buys all of TymeDigital bank

ARC did not say what they paid for the 90% of the shares. The bank has not officially launched yet

  • Agency
2 min read