The story begins with the establishment of the Ithala Development Finance Corporation (IDFC) in 1958. Owned by KwaZulu-Natal (KZN), the IDFC is a development finance agency promoting economic ...

The eThekwini Municipality intends entering into a three-year partnership with the Ithala Development Finance Corporation (IDFC) on various small, micro and medium enterprises (SMME) development ...

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 ...

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 ...

The Prudential Authority has filed papers in the Pietermaritzburg High Court for the provisional liquidation of Ithala. The Prudential Authority believes this action is in the best interests of ...

The KwaZulu-Natal Treasury has thrown its weight behind beleaguered Ithala Soc Limited, which is opposing a provisional liquidation application by the South African Reserve Bank (Sarb).

The scene outside Ithala Bank last week. Ithala Bank customers were seen converging on the bank’s offices in Harding Street last week and taking their place in a long queue. This after 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 ...

On Thursday, 13 February 2025, the uMkhonto weSizwe Party in KwaZulu-Natal picketed against the liquidation of Ithala Bank. Picture: X/@MkhontoweSizwex DURBAN - The uMkhonto weSizwe (MK ...