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End of an era for billionaire-backed bank in South Africa | SA News

Staff Writer
 ·13 Nov 2025

South African digital banking giant TymeBank, backed by billionaire Patrice Motsepe, is transitioning from a local finance group into a global institution, with its founders and early leaders heading the ambitious new era.

The bank, as most of its customers know it today, was officially launched in 2019 by founders Coenraad Jonker and Tjaart van der Walt.

However, its roots trace back to 2012, where it began as a project at consultancy Deloitte, called “Take Your Money Everywhere” (TYME), a mobile money remittance operator funded…

Poverty Rates: South Africa faces significant challenges related to poverty and
inequality, with a high percentage of the population living below the poverty line.

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