Kaya 959 Kaya Biz

TymeBank urges Department of Home Affairs to halt fee hike on Identity Verification Services

Loading player...
GUEST - Coenraad Jonker, Co-founder and CEO of Tyme Group



TymeBank has issued a strongly worded open letter to the Minister of Home Affairs, calling on the Department to urgently reverse its gazetted decision to implement a 6,500% increase in identity verification fees, effective 1 July 2025. The bank describes the move as a "crippling" blow to financial inclusion and digital progress in South Africa.



The open letter highlights the critical role of the Department of Home Affairs’ identity verification services in onboarding customers, ensuring anti-money laundering compliance, and expanding financial services to excluded populations
25 Jun 2025 5PM English South Africa Business News · Investing

Other recent episodes

Hulamin swings to a loss, plans core refocus

Hulamin slipped into a full-year loss in 2025, as the aluminium producer faced price pressures and operational challenges due to an extended plant shutdown during the period. Hulamin’s CEO Mark Gounder joins us now to unpack the way forward for 2026.
24 Mar 3PM 16 min

New UJ Study Shows SA Can Dramatically Improve STEM Outcomes

A groundbreaking study by the University of Johannesburg (UJ) and Michigan State University has found that South African schools — including those in disadvantaged communities — can achieve substantially better STEM subject outcomes through a simple, scalable teaching model that blends teacher guidance with computer‑based simulations.
24 Mar 3PM 10 min

South Africa’s Two-Pot System Boosts Consumer Confidence

South Africa’s consumer sentiment edged higher for a second consecutive quarter, with the FNB/BER Consumer Confidence Index rising from –9 to –7 in the first quarter of 2026. FNB Chief Economist Mamello Matikinca‑Ngwenya joins us to unpack what this means for consumers, retailers, and the broader economy.
24 Mar 3PM 19 min

Sappi Pushes for 5% Tariff to Protect SA’s Last Newsprint Mill

South Africa’s only remaining newsprint producer, Sappi Southern Africa, has formally applied for a 5% customs duty on imported newsprint to protect the domestic industry from what it describes as a flood of low‑priced imports. Joining us for more is Graeme Wild, CEO, Sappi Southern Africa
24 Mar 3PM 14 min
All episodes