Latest News & Developments
ithala
Understanding the Banks Act exemption: MEC Zondi’s insights on Ithala
KwaZulu-Natal Economic Development, Tourism and Environmental Affairs MEC Reverend Musa Zondi addresses the media on the Banks Act exemption and its impact on Ithala SOC Limited.
Ithala CEO explains ongoing operations amidst court cases
Ithala SOC Limited’s CEO Dr Thulani Vilakazi, addresses the bank’s ongoing operations and client engagement following a recent court ruling.
KZN government vows to protect Ithala Bank amid ongoing legal battles
KwaZulu-Natal Premier Thamsanqa Ntuli reaffirms the provincial government’s commitment to fighting for Ithala SOC Limited, highlighting its importance for local entrepreneurs and communities.
Trade union federations welcome ruling reinstating Ithala's operations
The recent court judgement reinstating some functions of Ithala SOC has been hailed as a victory by labour federations and political parties, renewing faith in the justice system and paving the way for the bank's transformation into a state institution
Edtea MEC says closure of Ithala Bank would severely impact KZN's most vulnerable residents
MEC Musa Zondi emphasises the urgent need for regulatory clarity to support Ithala Bank, highlighting its critical role in empowering the rural poor and ensuring financial inclusion in KwaZulu-Natal
Ithala Soc Limited Bank seeks R2. 2 Billion loan to stabilise operations
Ithala Soc Limited Bank outlines a strategic plan to secure R2. 2 billion in funding and stabilise operations, addressing critical financial challenges and the need for a strategic alliance
How Jeff Radebe plans to revive the ANC after its decline in KZN
Jeff Radebe and the ANC KZN Provincial Task Team unveil a decisive strategy to restore the party’s credibility following a dramatic drop in voter support, attributing the decline to previous leadership's arrogance and committing to a people-centred, corruption-free future.