Motsepe’s TymeBank partners with Zion Christian Church

Investment holding company African Rainbow Capital (ARC), which was founded by billionaire SA businessman Patrice Motsepe, announced on Sunday that TymeBank, in which ARC has a majority shareholding, has entered into a partnership with the Zion Christian Church (ZCC) to offer a banking proposition to its members. The ZCC is the largest African-initiated church in […]

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STORY OF USN FOUNDER: USN: Zero to R1 billion in 15 years

Albe Geldenhuys, launched USN sports supplements in 1999 Even though it sounds like an America product, USN was launched from a small flat in Pretoria, where Albe Geldenhuys’ girlfriend mixed creatin formulations with a hand-cracked washing machine (the Sputnik). “At first, I wasn’t even thinking about launching a product line or even a business. I […]

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Bill Gates tops Jeff Bezos as richest person in the world

Bill Gates beats Jeff Bezos to reclaim world’s richest man title Read more: On Friday, Gates surpassed Amazon (AMZN) CEO Jeff Bezos to reclaim the distinction of richest person in the world, with a net worth of $110 billion, according to the Bloomberg Billionaires Index. It’s the first time the co-founder of Microsoft (MSFT) has held the top spot in over two years. […]

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Stan Chart’s winning Mobile banking Strategy

Standard Chartered Bank Botswana Chief Executive Officer, Mpho Masupe, says the bank is moving at a faster pace into the digitization of its services. Although the bank admits it is making a late entry into the digitization landscape, Masupe says customers can now look forward to having the whole bank at their fingertips. Speaking during […]

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How sending handwritten letters created a $1bn firm

Meet Alexander Rinke, co-founder of German technology company Celonis. When Alexander Rinke wanted some of the world’s biggest companies to employ his small start-up business he came up with a novel approach – he would send their bosses handwritten letters. “We knew if we sent an email it could just be deleted,” he says. “And […]

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Amazon becomes the 2nd US company to join the $1 trillion club (AMZN)

It’s official: Amazon is the second US company to achieve a valuation of more than $1 trillion. Shares of the e-commerce giant gained about 2% in trading on Tuesday to hit an all-time high of $2,050.27. Multiplied by the number of shares outstanding (487,741,189), that puts the company’s book value just over the same symbolic milestone that Apple […]

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5 things start-ups should consider when looking for funding

“A business has one core goal and that is to prove that the business concept or the big idea can and will work once rolled out and operational. Often, businesses at launch phase complicate the core offering to a point where they require far more funding than they are capable of accessing. What you end […]

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Patrice Motsepe’s African Rainbow Capital (ARC) has reached an agreement to acquire 90% of the new digital bank

South African billionaire Patrice Motsepe’s African Rainbow Capital (ARC) on Wednesday confirmed that it has reached an agreement to acquire 90% of the new digital bank, TymeDigital, for an undisclosed sum through its subsidiary, ARC Financial Holding Company (FinHoldCo). TymeDigital is a registered South African bank with a strong fintech focus. It is majority-owned by […]

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This 26-Year-Old Irish Entrepreneur Is the World’s Youngest Self-Made Billionaire

John Collison, the Irish cofounder of Stripe, the payments processing company now powering many in-app purchase systems, has been proclaimed the world’s youngest self-made billionaire by Forbes in its new world’s richest list. Collison, 26, is two months younger than Spiegel, the cofounder of Snapchat, which went public recently. Forbes lists Collison’s net worth at […]

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