Epic legal battle between Ithala and Prudential Authority on Friday
MEC for Economic Development, Tourism and Environmental Affairs (Edtea) Musa Zondo echoed the bank’s assertions of solvency, ...
Ithala Bank Fiasco: Another volume in the encyclopedia of black people’s self hatred
The Ithala Bank crisis highlights deep-rooted issues of self-perception and legacy within black communities in South Africa, ...
Appointment of incompetent leaders, political interference cited as reasons for Ithala’s demise
The politicians are definitely to blame for the demise of the bank. It is definitely mismanagement, the appointment of ...
Mail & Guardian1d
Ithala liquidation: Government guarantees depositors’ funds
The National Treasury has assured depositors of Ithala SOC Limited that their deposits will be protected by a government ...
biznews.com4d
Ithala faces imminent closure as Prudential Authority moves for liquidation, Treasury steps in to protect depositors
Ithala SOC Limited is facing the threat of imminent closure after the Prudential Authority initiated liquidation proceedings.
devdiscourse4d
National Treasury Assures Ithala SOC Depositors of Govt-Backed Protection Amid Liquidation Process
Following the Prudential Authority's application for provisional liquidation of Ithala SOC Limited, we understand that ...
politicsweb8h
SARB: The silent assassin of African-led financial institutions – MKP
SARB: The silent assassin of African-led financial institutions. 17. The uMkhonto weSizwe Party ("MK Party") is outraged and deeply alarmed by the unfolding sabotage ...
Ithala Bank’s rural clients in KZN cry foul after sudden liquidation application
Residents of Ingwavuma in northern KwaZulu-Natal have raised their concerns as Ithala Bank was the only bank in the small ...
Mail & Guardian4d
Ithala faces liquidation amid insolvency concerns
Ithala's provisional liquidation may result in the closure of 257 000 depositors’ accounts while legal proceedings are under ...
News244d
Decision on freezing Ithala's accounts delayed after urgent court bid as provisional liquidation looms
News24 has learnt that the Pietermaritzburg High Court heard Ithala’s urgent application to challenge its provisional ...
EWN Sport1d
ANC tasks transformation sub-committee with devising plans to rescue embattled Ithala Bank
The bank faces the risk of being shut down after the Prudential Authority, a regulator under the South African Reserve Bank, ...
AllAfrica.com on MSN1d
South Africa: Cosatu KZN Distressed By Impending Closure of Ithala
Press Release - The Congress of South African Trade Unions (COSATU) in KwaZulu Natal is deeply distressed about the impending liquidation of KZN-based Ithala SOC.