The IFP has questioned the sudden departure of Manana Nhlanhla, chairperson of the Ithala Group, announced earlier today jointly by Nhlanhla herself and KwaZulu-Natal MEC for Economic Development and ...

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 ...

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 12.5%, if your total long term capital gain exceeds 1.25 lakh. Any cess/surcharge is not ...

The Prudential Authority says Ithala has failed to obtain a banking licence despite being given a temporary exemption to operate while it resolves the issue. The regulator has argued that its ...

KwaZulu-Natal Premier, Thamsanqa Ntuli, has described Ithala SOC as a key institution and beacon of hope in advancing economic transformation and promoting inclusive growth. Ntuli held a meeting ...

The eThekwini Municipality’s intentions to enter into a three-year R20 million partnership with Ithala Development Finance Corporation (IDFC) has been put on hold. At a Full Council meeting in ...

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 ...

The Inkatha Freedom Party has slammed the decision by the South Africa Reserve Bank’s Prudential Authority to file for the liquidation of Ithala Bank SOC as ill-advised and said it would “take ...

The shenanigans at Ithala coincide with the institution fighting for its life after a court application by the South African Reserve Bank. / Supplied Amid the ongoing legal battle to save ...

IDFC First Bank's CEO V Vaidyanathan outlines the bank's strategic investments in new business lines like cash and wealth management, aiming for profitability and reduction in cost-to-income ratio ...

IDFC First Bank shares decreased by 7.2% following a 15% YoY decline in net profit due to higher bad loan provisions in microfinance. Despite a 14% increase in net interest income, the bank was ...