THE South African Reserve Bank (SARB) deflected questions relating to the liquidation of Ithala Bank when it appeared before Parliament on Tuesday. The bank was among the institutions that ...

A psyche of self-hate. The shocking reported fate of Ithala Development Bank that faces provisional liquidation is tantamount to watching helplessly a counterproductive closure of Mangosuthu ...

A week after the KwaZulu-Natal government announced it had approached President Cyril Ramaphosa in a desperate attempt to save the Ithala Development Finance Corporation from liquidation ...

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 ...

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 Prudential Authority’s decision to file for the provisional liquidation of Ithala will result in the closure of the 257 000 depositors’ accounts while court processes are under way.

The KwaZulu-Natal Treasury has thrown its weight behind beleaguered Ithala Soc Limited, which is opposing a provisional liquidation application by the South African Reserve Bank (Sarb).

National Treasury has assured the retail depositors of Ithala SOC Limited that their deposits will be protected by a government guarantee, subject to the conclusion of the necessary technical work.

The authority confirmed the move in a statement on Thursday, saying it “believes this action is in the best interests of the approximately 257 000 depositors of Ithala, as the appointed ...

The Prudential Authority (PA) has taken a decisive step by applying to the Pietermaritzburg High Court for the provisional liquidation of Ithala SOC Limited (Ithala), a move that directly impacts ...