Save what matters to preserve your heritage

By TymeBank - 22 September, 2021

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South Africans have had to navigate some of the worst effects of the Covid-19 pandemic since it emerged over 18-months ago. The upside of the pandemic is the opportunity and ability to reflect on what matters.

TymeBank women directors and executives share what matters to them, their early savings goals and perspectives on access to finances for women. The insights are consistent with the TymeBank Save What Matters Survey results, where culture preservation and saving for a more secure future are considerations for South Africans.

Kele Boakgomo 

TymeBank board director, co-founder and CEO of Yugrow. She is a passionate supporter of diversity and inclusion as it relates to gender equality. 

Savings lesson
When I started working, I took advantage of the fact that my financial needs were modest and saved as much as I could. Whatever money I saved, I later invested in building my first home - an important lesson in creating a saving culture early and anticipating the future.

Saving what matters
As a TymeBank director, I value the business culture of innovation and our challenger bank status. We need to continue to operate within a regulatory framework while pushing the envelope when it comes to delighting customers and building relevant products. 

The pandemic and women’s financial well-being 
The pandemic has had a disproportionate and long-lasting impact on women’s careers and livelihoods. Financial services institutions can help women recover from the setback by understanding their needs and tailoring solutions accordingly. 

Thoughts on Heritage Month 
As a South African, I treasure the spirit of hope through which we embraced the 1994 transition into democracy, and is the same spirit we need to manage these tough times.  As diverse as we are, there was a sense of achievement in building an inclusive South Africa. That is part of our heritage and is something worth preserving.


Linda Appie

TymeBank Head of Marketing. Youth leadership mentor and passionate supporter of culture, tradition and heritage.

Saving what matters 
I care about leaving a legacy for my son by ensuring the things I do positively affect him. My parents grew up poor but rose above their circumstances. Their humble upbringing gave me the self-confidence to believe I can achieve anything through determination. 

Thoughts on Heritage Month 
Many South Africans have mixed cultures - some are generations of immigrants from other parts of the continent and beyond. We should embrace our diversity, the way we speak and celebrate the ‘gees’ of South Africans, regardless of race. There is magic in our story.

Savings lesson
When I started working, I set aside my bonuses to save for a new home. I have now moved into the second home I bought off-plan. When building a home, wisdom from people who have different experiences and are open to giving advice is helpful.


Amrita Arjun

TymeBank Chief Internal Auditor and advocate for youth education and rights of those living with a disability. 

Saving what matters
The pandemic has emphasised the need to preserve human connection and interaction. People have become afraid of personal interaction, even while practising social distancing. It is rewarding to reconnect with colleagues, friends, and family as soon as it is safe to do so – that is what makes us human. 

Savings lesson
When I began my career, I heeded my mother’s advice. I would set a percentage of my earnings aside into a savings account as you never know what the future holds. Following that advice, my husband and I were able to afford our first home in our early twenties. Our savings came in handy where we had a deposit for our new home, could cover unforeseen expenses that come with purchasing a new home and were able to afford our wedding without placing financial strain on our families. 

Women and financial literacy 
There are many examples of women who hand over their earnings to their spouses. Some are unable to manage their own finances through no fault of their own. Regrettably, in some instances they are left to fend for themselves. Banks can have targeted financial literacy programmes for men and women to guide them to make the best financial decisions to protect their families and future.


Ayn Brown

TymeBank Chief Human Resources Officer, and supporter of early childhood development.

Saving what matters
As an HR professional, I would like to see a culture of kindness, compassion, courage, and unlocking greatness in others become common in the workplace. More generally, when I look at the world around us, there are more kind people in the world than selfish people - that’s worth preserving.

Savings lesson 
I worked at several places after school to save for a car. On my 21st birthday, my godfather presented me with a dog-eared, handwritten bank book. He had saved R1 every month since the day I was born. With compound interest, the savings were enough to reach the R400 needed as a deposit – a fortune to me then. It set the example for a saving culture. I opened my initial savings account with my first formal salary in my early 20s. I have a nice little nest egg that aids my love of travel.

Women and access to finance
Many women struggle to find secure, regular employment for various reasons, including the responsibility of childcare. Although women are far more likely to hustle to meet their financial obligations, the traditional criteria for access to finance often work against them.


Tina Eboka

TymeBank Director, owner of Hextex Industries, former Group MD of NTP Radioisotopes SOC, member of various boards and a strong believer in making a difference in others’ lives. 

Saving what matters 
When it comes to saving what matters, I care about our youth and the lessons we share with them. Given the high rate of youth unemployment, creating opportunities to train young people, especially in finance and financial management, can open doors to a better future and entry into intergenerational wealth creation. 

Thoughts on Heritage Month 
More broadly, I care about protecting our climate for the sake of future generations. If we all play a part by reducing our ecological footprint, we can help preserve our children’s heritage. Indigenous knowledge systems and way of life was about respecting nature and using only what you need.

Savings lesson 
I always wanted to have my own home, and my husband and I saved towards that goal. We are fortunate to now own a few properties.

Women and access to finance 
I believe banks can do a lot more for women entrepreneurs, many of whom start businesses out of necessity or passion and are unfamiliar with what is required to access funding or who to approach in this regard.

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