Ithala Bank’s potential liquidation raises alarms among the Democratic Alliance and traditional leaders, who warn of devastating consequences for rural communities reliant on its services.

A Durban businessman who claims the embattled Ithala Bank owes him R13-million for his “spying” services has painted a ...

Ithala Bank’s employees face uncertainty as the court postpones a critical decision on their salary payments amid the bank’s ...

READ | ANC says the liquidation of Ithala bank is 'unfair' Analysts are not surprised by these developments citing inadequate efforts to address management and financial issues. According to Owen ...

However, the seeds of the crisis began to sow in the early 2000s when the bank’s management was embroiled in allegations of corruption. Adding to the strain was Ithala’s adoption of a more ...

Ithala SOC has R300 million ring-fenced in the provincial revenue fund that can be used by the bank to secure deposits — as required by the South African Reserve Bank’s Prudential Authority — the ...

The Prudential Authority has filed papers in the Pietermaritzburg High Court for the provisional liquidation of Ithala. The Prudential Authority believes this action is in the best interests of ...

ALSO READ: KZN government, Ithala Bank in a pickle as application removed from court roll The SIU will investigate serious maladministration concerning Ithala’s affairs. It will focus on ...

The Prudential Authority, a regulator under the South African Reserve Bank (SARB), said it believes this action was in the best interests of the approximately 257 000 depositors of Ithala ...

Viewing Ithala Bank as an indispensable structure of the Zulu kingdom – carrying historical, cultural and economic significance – King Misuzulu kaZwelithini has joined the fight against its ...

While Ithala Bank management has failed in their duties to keep the exemption licence in place, there has been no evidence produced to date of intentional criminal activity. This was the view of ...