Founded in 1952 as a development finance institution (DFI) with a focus on serving underprivileged communities, Ithala Bank ...

Has it been granting credit to minors, has the repayments administrator ‘gone rogue’, is ‘the gap’ R570m or R970m? ‘There are two versions to every single aspect of the story and until the courts ...

Leaders unite to oppose the imminent liquidation of Ithala Bank, highlighting its vital role in supporting KwaZulu-Natal’s ...

A week after the KwaZulu-Natal government announced it had approached President Cyril Ramaphosa in a desperate attempt to ...

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 ...

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 impending ...

Ithala Bank's Liquidation Sparks Parliamentary Debate Over Political Motives and Impact on 65,000 Grant Recipients.

THE liquidation of Ithala Bank will be a great loss to more than 4 000 emerging black farmers in KwaZulu-Natal, who solely depend on it to finance their agricultural business as major commercial ...

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 ...

Francois Rodgers, KZN Finance MEC, notes the actions of Johannes Kruger (the repayment administrator acting on behalf of the Prudential Authority) put at risk Ithala depositors, workers, suppliers and ...

Ithala Bank is unique in that it is owned by the Province of KZN and it operates in rural areas rather than big cities. It has about a quarter of a million depositors but there is a move for ...