African Rainbow Capital,  the Patrice Motsepe-led investment house, does not have a hard time convincing shareholders that its branchless, app-only bank TymeBank is growing fast. The challenge is to show a clear path to profitability. 

TymeBank is one of the three high-profile digital newcomers looking to shake up SA’s R400bn retail banking industry, which was traditionally dominated by four bricks–and-mortar rivals before Capitec came seemingly out of nowhere to muscle in on their turf from the early 2000s.

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