The government’s track record of running existing state-owned financial institutions is poor. Ithala and Postbank, owned by the government, are in the dwang. The government has no money, skills or ...
MEC for Economic Development, Tourism and Environmental Affairs (Edtea) Musa Zondo echoed the bank’s assertions of solvency, ...
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 ...
The Ithala Bank crisis highlights deep-rooted issues of self-perception and legacy within black communities in South Africa, ...
The bank faces the risk of being shut down after the Prudential Authority, a regulator under the South African Reserve Bank, ...
Amid the decision by the South African Reserve Bank’s Prudential Authority for the provisional liquidation of Ithala SOC Limited, the KwaZulu ...
The National Treasury has assured depositors of Ithala SOC Limited that their deposits will be protected by a government ...
Residents of Ingwavuma in northern KwaZulu-Natal have raised their concerns as Ithala Bank was the only bank in the small ...
An economist says he believes the collapse of Ithala is due to mismanagement. Dawie Roodt, the chief economist at the ...
The Inkatha Freedom Party's spokesperson Mkhuleko Hlengwa said the party opposed the liquidation of Ithala Bank, which was ...
KZN Treasury has assured Ithala depositors that government will work to protect their funds. The department says it supports ...
DURBAN - The Prudential Authority of the Reserve Bank has applied to provisionally liquidate Ithala Bank. Ithala Bank is unique in that it is owned by the Province of KZN and it operates in rural ...
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