A new bank has been established in South Africa. TymeDigital by Commonwealth Bank SA, has been issued a licence by the South African Reserve Bank to open a bank, that is set to broaden competition in the country's banking sector. The company says it willA new bank has been established in South Africa. TymeDigital by Commonwealth Bank SA, has been issued a licence by the South African Reserve Bank to open a bank, that is set to broaden competition in the country's banking sector. The company says it will launch a full service digital bank in the second quarter of next year. Sandile Shabalala, CEO of TymeDigital by Commonwealth Bank SA next year. We speak to Sandile Shabalala, CEO of TymeDigital by Commonwealth Bank SA .