On Friday, (9 May 2025), the court ruled in favour of Ithala following a dispute over the powers of Johan Kruger, the Repayment Administrator (RA), who has taken over the operations of the bank ...

DURBAN - The Pietermaritzburg High Court has ruled that Ithala Bank should be allowed to resume its core business. The bank's repayment administrator, Johannes Kruger, had initially filed an ...

Ithala ‘bank’ faces an existential threat. A court order was issued in December 2023 for the Prudential Authority’s repayment administrator to access the state-owned entity’s banking system. A leaked ...

Clark wasted no time hoisting up the deep ball, standing a couple feet behind her own No. 22 logo on the Carver-Hawkeye Arena floor. The No. 22 logo on the floor represents the exact spot where ...

We cannot afford to see such trauma being visited upon more pensioners and the staff of the Ithala Development Finance Corporation (IDFC)." The African National Congress’s Mxolisi Kaunda said ...

Before we get into it, a quick clarifier: Dr May Mkhize’s company received its loan from the IDFC, not from Ithala SOC, the banking division that is now in the SA Reserve Bank’s crosshairs.

There’s a separate R970-odd million that the IDFC [Infrastructure Development Finance Company] is now putting forward, to say that if Ithala is to be liquidated they will be out of pocket by ...

A week after the KwaZulu-Natal government announced it had approached President Cyril Ramaphosa in a desperate attempt to save the Ithala Development Finance Corporation from liquidation ...

The KwaZulu-Natal government, through the Department of Economic Development and Ithala Bank, have approached President Cyril Ramaphosa in a desperate attempt to save the bank from liquidation.

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 ...

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 ...