Motsepe-backed GoTyme invites all employees to become shareholders
The programme gives qualifying staff a direct stake and vests shares over three years as GoTyme seeks to build ownership and support growth.
- GoTyme Bank extended an employee share ownership program to its 2,000-strong global workforce this week, offering staff a direct stake in the digital lender controlled by South African billionaire Patrice Motsepe.
- CEO Cheslyn Jacobs introduced the plan Thursday in Johannesburg to cultivate a "psychology of ownership," noting that senior executives and junior call centre agents participate under identical rules.
- More than 95% of staff qualify for the program, valued at "north of R100-million," with eligibility based on tenure and performance standards rather than a once-off windfall.
- The initiative applies across South Africa, the Philippines, and Vietnam, affecting about 2,000 employees total and aligning the Tyme Group workforce with broader growth ambitions.
- Leadership targets becoming "listing-ready" in three to four years, with GoTyme potentially considering a global market debut once the bank reaches 50 million clients.
13 Articles
13 Articles
GoTyme staff become shareholders in deal ‘north of R100-million’ as digital bank eyes scale
GoTyme Bank is turning employees into shareholders as it enters its next growth phase. CEO Cheslyn Jacobs says the scheme is about ownership, not retention, giving staff a stake in the digital bank’s push for scale, profitability and long-term trust.
Motsepe-backed GoTyme turns employees into shareholders in growth push
Key topics:GoTyme offers staff ownership to drive growth mindsetDigital bank targets 50m users before global listingMotsepe-backed lender eyes $15bn future valuationSign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox every morning on weekdays. Register here.Support South Africa's bastion of independent journalism, offering balanced insights on in…
GoTyme Bank Turns Employees Into Owners as Growth Continues - SME Tech Guru
GoTyme Bank has announced that its employees will now become shareholders in the business, a meaningful step as the bank moves into its next phase of growth. The decision comes at a time when GoTyme is evolving beyond its early days as a challenger brand, following strong customer growth, a growing physical presence, and its recent move into profitability. “At a certain point, you realise success shouldn’t sit in one place,” says Cheslyn Jacobs,…
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