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ShapeShifter

Meet Sandile Shabalala, CEO of black-owned and controlled TymeBank

25 June 2019 6:30 PM
TymeBank has no branches and no monthly fees. Most transactions are free. Bruce Whitfield interviews its CEO.

[This article was first published on 20 March 2019. TymeBank announced on 25 June 2019 that Sandile Shabalala has resigned.]

We want to bank the underserved customer… We’re not focussing on the wealthy segment… We’re focussing on the emerging and the middle-market…

Sandile Shabalala, CEO - TymeBank

There are too many products… that bring about a high level of costs… people want simple products… Our proposition is simple… Banking shouldn’t be complex… We want to bring simplicity and transparency…

Sandile Shabalala, CEO - TymeBank

Sandile Shabalala is CEO at TymeBank, South Africa’s first black-owned and controlled commercial retail bank.

Tymebank is like no other in South Africa.

It has no branches and no monthly fees.

Most transactions are free.

The Money Show’s Bruce Whitfield interviewed Shabalala for his weekly “ShapeShifter” feature.

Listen to the interview in the audio below (and scroll down for quotes from it).

I started my career at Nedbank in 1993…

Sandile Shabalala, CEO - TymeBank

Digital disruption is already starting to happen in banking… This proposition was exactly playing in that space… Leveraging technology to bring about this transformation in banking…

Sandile Shabalala, CEO - TymeBank

The fact that the bank is in Pick n Pay brings about convenience…

Sandile Shabalala, CEO - TymeBank

When I checked this morning we had 150 000 customers…

Sandile Shabalala, CEO - TymeBank

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25 June 2019 6:30 PM

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