Ithala Bank’s crisis: A tale of rapid growth, mismanagement, and potential recovery
Founded in 1952 as a development finance institution (DFI) with a focus on serving underprivileged communities, Ithala Bank ...
Hosted on MSN27d
Panic erupts as Ithala Bank faces provisional liquidation
A security guard said a high number of desperate bank clients started flocking ... She said when she was desperate to open the business account in 2005, only Ithala did not give her a ru-around.
The Citizen10d
King organises support for troubled Ithala Bank
AmaKhosi of KZN stand to lose R34-million held in Ithala Bank in their traditional levies trust account if this matter is not resolved.
Mail & Guardian17d
Ithala has R300 million ring-fenced to secure deposits, says KZN treasury
Ithala SOC has R300 million ring-fenced in the provincial revenue fund that can be used by the bank to secure deposits ... billion into his firm’s trust account,” the affidavit reads.