The Ithala Bank crisis highlights deep-rooted issues of self-perception and legacy within black communities in South Africa, ...

MEC for Economic Development, Tourism and Environmental Affairs (Edtea) Musa Zondo echoed the bank’s assertions of solvency, ...

The government’s track record of running existing state-owned financial institutions is poor. Ithala and Postbank, owned by ...

The National Treasury moved swiftly on Friday to assure Ithala’s more than 257 000 retail depositors that their deposits will ...

The National Treasury has assured depositors of Ithala SOC Limited that their deposits will be protected by a government ...

Here is what is happening in and affecting South Africa today: ...

Ithala SOC Limited is facing the threat of imminent closure after the Prudential Authority initiated liquidation proceedings.

Following the Prudential Authority's application for provisional liquidation of Ithala SOC Limited, we understand that ...

The EFF, ActionSA, and NEHAWU condemn the SARB's decision to liquidate Ithala SOC Limited, highlighting the risks to ...

Ithala's provisional liquidation may result in the closure of 257 000 depositors’ accounts while legal proceedings are under ...

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The bank faces the risk of being shut down after the Prudential Authority, a regulator under the South African Reserve Bank, ...