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

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). The matter is ...

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 ...

KwaZulu-Natal Treasury has decided to support Ithala Bank in its bid to challenge a provisional liquidation application. Facebook: LIVE KZN Treasury Treasury says it has submitted its own legal ...

“The entity offers essential financial and non-financial support to many small and informal businesses that provide jobs ... funds made available. Ithala’s non-bank status Ithala was ...

This allows for the creation of a Bank Controlling Company ... a warning from the recent court battle involving the KZN-based Ithala SOC Limited;. The Prudential Authority applied to the ...

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Ithala Bank is on the ropes, while the ANC is scrambling to save face. The prudential authority’s stern liquidation move has ruffled more than a few feathers. More than 400 jobs hang by a thread ...

Ithala has been embroiled in a tug of war with the South African Reserve Bank for decades. The troubled Ithala Bank has won a court battle to recover more than R10 million in a loan advanced to a ...

A new bank has been enlisted to handle the transfer of SASSA recipients’ accounts. The impending liquidation of Ithala Bank has raised concerns for its 257,000 depositors, including 76,000 South ...

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 ...

He said Ithala was established to support disadvantaged ... about the plight of more than 400 employees of the bank, whose jobs are on the line. “As NEHAWU, we remain resolute in defence of ...