Lutha Ndlwana has felt a positive shift in her business, which focuses on finding bespoke women’s fashion items, after joining a new bank.
South Africa (15 September 2022) – Affordable, simple and accessible that is what banking should be in South Africa, and that is what it is becoming! Lutha Ndlwana has expanded her part-time business into something that can really help her reach her savings goal to buy a house.
Banking in South Africa is often seen as expensive, complicated and intimidating. This often leads to the financial exclusion of many South Africans and small business owners. TymeBank saw a gap in the market for a trusted provider that could tip the scale and include a previously untapped socio-economic sector.
Lutha works a full-time job and manages her small side business, sourcing women’s fashion items for resale. She has always felt nervous about setting up her business in any official sense because it was hard to get everything right; however, after seeing how simple it was to set up a business account with TymeBank, she took the steps needed to make her business an official one.
Running Lutha Couture and selling her stunning fashion finds means she deals in a lot of cash sales. She chose to bank with TymeBank because of the low cash handling fees and the ease of opening the account, which is also proudly branded with her business name. The interest on flexible savings was also a huge plus, making TymeBank her convenient partner in wealth creation and business management.
There are many small business owners who could follow Lutha’s footsteps and finally turn their side hustles into big earners.
Building on the understanding that no one wakes up in the morning wanting to go into a bank branch, TymeBank has delivered to South Africa a unique and pioneering hybrid banking experience. With a mobile app that allows you to transact at all levels, TymeBank has embedded its live customer experience into the retail environment that its customers access every day. They are found in Pick n Pay stores, and the kiosks are manned by people from the community who help those wanting to easily set up their own bank accounts.
Already, 5 million people have signed up with the affordable, people-focused bank, which is seeing a positive transformation within South Africa’s financial sector.
Banking should be for everyone. And with the world in its current process of rapid transformation, TymeBank CEO and Co-founder, Coenraad Jonker, believes it’s the job of his bank to drive this much-needed change in South Africa, enabling customers to engage as economic agents and give people power in their own lives.
Lutha’s story is just one of many positive changes; South Africans are changing their lives, thanks to affordable, simple and accessible banking!
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