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TymeBank CEO steps down

TymeBank CEO Sandile Shabalala has resigned, citing personal reasons.

Shabalala will serve his notice period and manage the transition period alongside Deputy CEO Tauriq Keraan until a replacement is named.

Meanwhile, the South African digital lender appointed Thabani Jali as chairperson and independent nonexecutive director, Tom Boardman as deputy chairperson and nonexecutive director, and Philip Wessels as independent nonexecutive director.

The changes are effective immediately.