TymeBank gets green light to buy Sanlam’s loan portfolio

TymeBank gets green light to buy Sanlam’s loan portfolio

As of 31 December 2024, TymeBank had 10.7 million customers. The Competition Commission has recommended unconditional approval of TymeBank’s proposed acquisition of SanlamTyme and a portfolio of unsecured personal loans from Sanlam Personal Loans (SPL). TymeBank, South Africa’s first digital-only bank and majority-owned by Patrice Motsepe’s African Rainbow Capital (ARC), now holds deposits nearing R7…

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Nvidia says it has Trump administration green light to sell China its advanced H20 computer chips used for AI

Nvidia says it has Trump administration green light to sell China its advanced H20 computer chips used for AI

Bangkok — Nvidia CEO Jensen Huang says the technology giant has won approval from the Trump administration to sell its advanced H20 computer chips used to develop artificial intelligence to China — a reversal of administration policy. The news came in a company blog post late Monday. Huang also spoke about the coup on China’s…

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