Opera News

Opera News App

Haibo! From 100% To 71.9% Here's Why Motsepe Lost Most of His Stake In TYME Bank

Denotecion
By Denotecion | self meida writer
Published 3 days ago - 0 views

As everyone probably knows by now, TYME Bank is th new kid on the block and is getting all th girls and attention away from th regulars.

TYME Bank was lanched in 2015 by the funds of the MTN Group in partnership with Deloitte. At first it was established as just a financial wing but after further analyzing its potential to bring profit, it was made as a stand alone bank.

TYME Bank was bought by CBA and after 2 years in 2018, Motsepe's ARC finally acquired a 100% stake in the bank.

Over the years, ARC has been selling some of TYME's shares to private companies. Now without any further ado, let's checkout the 4 companies that hold a stake in the digital bank, see the image below:

As y'all can see, Motsep had not sold some of his shares, he would've still be owning a 100% Stake in the company that most people seem to buy.

What do y'all think?? Let's talk in the comments section

Content created and supplied by: Denotecion (via Opera News )

Tags:      

ARC CBA Motsepe TYME Bank
Opera News is a free to use platform and the views and opinions expressed herein are solely those of the author and do not represent, reflect or express the views of Opera News. Any/all written content and images displayed are provided by the blogger/author, appear herein as submitted by the blogger/author and are unedited by Opera News. Opera News does not consent to nor does it condone the posting of any content that violates the rights (including the copyrights) of any third party, nor content that may malign, inter alia, any religion, ethnic group, organization, gender, company, or individual. Opera News furthermore does not condone the use of our platform for the purposes encouraging/endorsing hate speech, violation of human rights and/or utterances of a defamatory nature. If the content contained herein violates any of your rights, including those of copyright, and/or violates any the above mentioned factors, you are requested to immediately notify us using via the following email address operanews-external(at)opera.com and/or report the article using the available reporting functionality built into our Platform

YOU MAY LIKE

What are the most splendid instances of correspondence in the set of all animals?

3 hours ago

1 🔥

What are the most splendid instances of correspondence in the set of all animals?

"Meet the top 10 best actresses in Africa", Number 3 is a total revelation. Opinion

3 hours ago

530 🔥

He found out that his GF had a BF on twitter in the most savage way

3 hours ago

20 🔥

He found out that his GF had a BF on twitter in the most savage way

If I get Hijacked by a Foreigner, I won't Blame all Foreigners For it, Only that Person - White Man

3 hours ago

70 🔥

If I get Hijacked by a Foreigner, I won't Blame all Foreigners For it, Only that Person - White Man

You Are Racist And Xenophobic!"- Ndlozi Defends Foreign Nationals & Condems Hillbrow War

3 hours ago

71 🔥

You Are Racist And Xenophobic!

Former Generations actress Lerato left fans inspired with her recent post.

3 hours ago

7 🔥

Former Generations actress Lerato left fans inspired with her recent post.

Lerato Kganyago looks totally different in this look

3 hours ago

1 🔥

Lerato Kganyago looks totally different in this look

Meet Makhadzi's lookalike little sister. Pictures are included.

4 hours ago

22 🔥

Meet Makhadzi's lookalike little sister. Pictures are included.

This is why Vusi Nova deserves the best friend award| Opinion

4 hours ago

8 🔥

This is why Vusi Nova deserves the best friend award| Opinion

Thulisile Phongolo Amazed Mzansi with her beautiful pictures she posted on Instagram

4 hours ago

139 🔥

Thulisile Phongolo Amazed Mzansi with her beautiful pictures she posted on Instagram

COMMENTS