MKP’s Des van Rooyen calls on Parliament to rectify policies hindering Ithala Bank’s banking licence as the institution faces ...

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 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 ...

Should the bank close, 400 jobs could be lost. Ithala is looking for a transferee bank, on whose licence it can piggy-back, to continue operations. The bank has been a lifeline for KwaZulu-Natal ...

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.