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South Africa getting another new bank in 2026 | SA News

 ·5 Sep 2025

Sanlam plans to offer banking services to its South African clients from next year as it seeks to grow revenue and gain a foothold in a thriving credit market. 

Africa’s largest insurer plans to leverage an agreement it entered into with TymeBank, the digital lender backed by billionaire Patrice Motsepe, to create a joint venture focused on unsecured personal loans bundled with credit life cover.

“We think that will be very significant for us because we’ve got millions of customers, we pay a lot of claims every year and we collect premiums,…

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