Epic legal battle between Ithala and Prudential Authority on Friday
MEC for Economic Development, Tourism and Environmental Affairs (Edtea) Musa Zondo echoed the bank’s assertions of solvency, ...
Mail & Guardian1d
Ithala liquidation: Government guarantees depositors’ funds
The National Treasury has assured depositors of Ithala SOC Limited that their deposits will be protected by a government ...
Ithala Bank Fiasco: Another volume in the encyclopedia of black people’s self hatred
The Ithala Bank crisis highlights deep-rooted issues of self-perception and legacy within black communities in South Africa, ...
Ithala faces imminent liquidation amidst controversy over banking practices
The National Treasury moved swiftly on Friday to assure Ithala’s more than 257 000 retail depositors that their deposits will ...
biznews.com4d
Ithala faces imminent closure as Prudential Authority moves for liquidation, Treasury steps in to protect depositors
Ithala SOC Limited is facing the threat of imminent closure after the Prudential Authority initiated liquidation proceedings.
Mail & Guardian4d
Ithala faces liquidation amid insolvency concerns
Ithala's provisional liquidation may result in the closure of 257 000 depositors’ accounts while legal proceedings are under ...
Appointment of incompetent leaders, political interference cited as reasons for Ithala’s demise
The politicians are definitely to blame for the demise of the bank. It is definitely mismanagement, the appointment of ...
politicsweb9h
SARB: The silent assassin of African-led financial institutions – MKP
SARB: The silent assassin of African-led financial institutions. 17. The uMkhonto weSizwe Party ("MK Party") is outraged and deeply alarmed by the unfolding sabotage ...
EWN Sport1d
ANC tasks transformation sub-committee with devising plans to rescue embattled Ithala Bank
The bank faces the risk of being shut down after the Prudential Authority, a regulator under the South African Reserve Bank, ...
devdiscourse4d
National Treasury Assures Ithala SOC Depositors of Govt-Backed Protection Amid Liquidation Process
Following the Prudential Authority's application for provisional liquidation of Ithala SOC Limited, we understand that ...
Moneyweb5d
Prudential Authority moves to liquidate KZN-based Ithala ‘bank’
National Treasury assures retail depositors their deposits 'will be protected by a government guarantee’ – subject to ...
briefly3d
IFP Vehemently Opposes Liquidation of State-Owned Ithala
The Inkatha Freedom Party's spokesperson Mkhuleko Hlengwa said the party opposed the liquidation of Ithala Bank, which was ...