MKP launches campaign to save Ithala Bank from liquidation
MKP’s Des van Rooyen calls on Parliament to rectify policies hindering Ithala Bank’s banking licence as the institution faces ...
richest14d
SASSA beneficiaries with frozen accounts urged to collect new cards
The South African Social Security Agency (SASSA) revealed in a statement that it has partnered with FNB to assist SASSA beneficiaries with frozen Ithala bank accounts. They have since provided ...
skillsportal.co.za16d
New Sassa Grant Payment Method Introduced
The South African Social Security Agency (Sassa) has confirmed a collaboration with FNB to facilitate payments for those affected by Ithala Bank’s closure. Ithala served around 65,000 social grant ...
richest17d
SASSA grant beneficiaries’ bank accounts frozen – Who’s affected?
The agency said: “The Prudential Authority of the South African Reserve Bank applied for a provisional liquidation of the Ithala SOC Limited (Ithala) at the Pietermaritzburg High Court.
The Citizen18d
KZN Treasury at loggerheads with Sarb over Ithala
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 ...
Mail & Guardian18d
Ithala has R300 million ring-fenced to secure deposits, says KZN treasury
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 ...
ecr.co.za18d
KZN Treasury backs Ithala's fight against liquidation
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 ...
Moneyweb18d
KZN Treasury at loggerheads with Sarb over Ithala
“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 ...
businesstech.co.za19d
Big update for new state-owned bank in South Africa
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 ...
News2419d
IFP opposes Ithala bank liquidation, says it's ill-advised
Be among those who shape the future with knowledge. Uncover exclusive stories that captivate your mind and heart with our FREE 14-day subscription trial. Dive into a world of inspiration, learning, ...
sundayworld20d
Shwashwi: Save Ithala, people can’t just bank on cheap talk
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 ...
sundayworld20d
Ithala Bank chalks up court victory in quest to recoup unpaid loans
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 ...