THE story of the crisis plaguing Ithala Bank, a financial institution based in KwaZulu-Natal, is one of rapid growth, systemic mismanagement, and a bold attempt at recovery as it faces a possible ...

The saga surrounding Ithala SOC Limited and First National Bank (FNB) has been highlighted during the Portfolio Committee on Trade, Industry and Competition, and the Standing Committee on Finance ...

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 ...

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 ...

JIMMY MOYAHA: We’re taking a look at an interesting update. We are looking at the Ithala saga. This is the KZN bank – or the bank that had somewhat of a bank exemption licence to operate at ...

PINETOWN - Customers of the troubled Ithala Bank are seeking answers amid its liquidation troubles. This was after the Prudential Authority found that the bank was insolvent and filed for ...

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 ...

This evening we look at the markets with Sasfin Wealth, we speak to Corusca Consulting about Ithala’s solvency being called into question. The FSCA joins us to discuss new warnings issued in the ...

The papers were filed at the Pietermaritzburg high court on 16 January and comes after the Repayment Administrator, appointed by the Reserve Bank, established that Ithala is “technically and ...

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 ...