HUNDREDS of Ithala SOC Limited employees are rocked by fear that the decision by the central bank to liquidate the bank might cost them their jobs. One of the employees said the situation has come ...

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 ...

Ithala Bank has threatened to take legal action against the application for its liquidation by the banks’ regulator, which would put 400 jobs and more than 250 000 depositors into jeopardy.

Ithala said it was committed to preventing any shutdown of operations. The bank said the closure threatens 400 jobs and would negatively impact many, particularly those in rural areas, who depend ...

“The recent application by the South African Reserve Bank’s Prudential Authority to liquidate Ithala SOC Limited due to insolvency threatens over 400 jobs and disrupts financial services for ...

Listen/read: Ithala Bank’s systems called into question [Sept ... and warned that it could close down, putting 400 jobs on the line. “Ithala faces imminent closure unless government acts ...

The South African Reserve Bank's Prudential Authority has applied ... about the more than 400 workers who will lose their jobs when Ithala is forced to close its doors forever.

The bank faces the risk of being shut ... by the SARB’s Prudential Authority, to liquidate Ithala due to insolvency threatens over 400 jobs and disrupts financial services for marginalised ...