Five things making headlines in South Africa today

moneyweb.co.za

- moneyweb.co.za | 3 months ago

Here’s what caught our attention on Thursday: 1.

TymeBank clients still weary  TymeBank’s offerings are said to be rather unique when compared to traditional banking models, in that it does not subscribe to the large physical infrastructure, offices and numerous branches and ATMS that traditional banks offer. It instead enables clients to withdraw and deposit cash at tills in Pick n Pay and Boxer stores.

The bank says it is targeting the bottom end of the market which is often ignored by larger banks, although consumer trust in the new entrant is posing as a hurdle to growth.

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