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Black farmers call for action to prevent Ithala Bank liquidation
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 ...
Mail & Guardian19d
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 guarantee after the Prudential Authority (PA) announced it had filed papers ...
sundayworld19d
Bid to save Ithala from liquidation
Amid the decision by the South African Reserve Bank’s Prudential Authority for the provisional liquidation of Ithala SOC Limited, the KwaZulu-Natal government of provincial unity (GPU ...
Independent Online22d
Ithala threatens legal action against as banks regulator seeks liquidation
Ithala Bank has threatened to take legal action against the application for its liquidation by the banks’ regulator, which would put 400 jobs and more than 250 000 depositors into jeopardy.
The Citizen22d
Treasury to ‘protect’ 257 000 clients affected by Ithala liquidation
The National Treasury said it will take all the necessary measures to protect more than 250 000 clients affected by the liquidation of Ithala SOC Limited. This comes after the South African ...
Moneyweb22d
Prudential Authority moves to liquidate KZN-based Ithala ‘bank’
The authority confirmed the move in a statement on Thursday, saying it “believes this action is in the best interests of the approximately 257 000 depositors of Ithala, as the appointed ...
Mail & Guardian22d
Ithala faces liquidation amid insolvency concerns
The Prudential Authority’s decision to file for the provisional liquidation of Ithala will result in the closure of the 257 000 depositors’ accounts while court processes are under way.
biznews.com22d
Ithala faces imminent closure as Prudential Authority moves for liquidation, Treasury steps in to protect depositors
Register for BNC#7 here. If you prefer WhatsApp for updates, sign up to the BizNews channel here. Ithala SOC Limited, a key financial institution in KwaZulu-Natal, is facing the threat of imminent ...
Independent Online23d
Ithala Bank on the brink of liquidation, but government assures depositors
The National Treasury has moved to assure the retail depositors of Ithala SOC Limited that their deposits will be protected by a government guarantee, subject to the conclusion of the necessary ...
News2423d
Regulator applies to liquidate Ithala, 257 000 clients affected
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sundayworld23d
‘Ithala investors must make other plans due to liquidation case’
The IFP has accused the Prudential Authority of ulterior motives in its application for the provisional liquidation of Ithala Bank. / Supplied The South African Reserve Bank’s (SARB) Prudential ...