Ithala Bank's future hangs in the balance as KZN Premier Thami Ntuli questions the ANC's claims of a successful intervention ...

While mutual banks are very small in the banking sector, with total assets of less than R4.2 billion, the impaired loans as a ...

The Congress of South African Trade Unions (COSATU) commends Finance Minister, Enoch Godongwana, for his decisive ...

Dr Sanele Gumede calls on the KwaZulu-Natal government to transform Ithala Bank into a lending institution, ensuring the bank ...

Earlier this year, the SA Reserve Bank’s Prudential Authority (PA) lodged an application in the KwaZulu-Natal High Court in ...

From the Reserve Bank’s perspective, the actions it has undertaken include the decision not to renew the exemption, indicating to Ithala that it needed to address its licensing deficiency by applying ...

The convener of the African National Congress in KwaZulu-Natal, Jeff Radebe, says the embattled Ithala Bank will no longer be ...

Ithala SOC Ltd chief executive Peter Ireland and SOC Ltd chairman Molose Kekana listen to KZN economic development MEC Sihle Zikalala at the relaunch of Ithala Bank branch at Megacity, Umlazi.

The Ithala Bank crisis highlights deep-rooted issues of self-perception and legacy within black communities in South Africa, reflecting on the historical significance of the bank and its founder ...

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 ...

Burials for loved ones have been halted for many local communities as funds, required for the ceremonies, have been frozen due to the ongoing court battle between Prudential Authority and iThala Bank.

The bank was bailed out with R105 million in March 2013 by its parent company, Ithala Development Finance Corporation (IDFC), to help meet its obligations in the course of its business.