Latest News & Developments
ithala bank
KZN Premier Thami Ntuli calls for backing of Ithala SOC Limited amid banking uncertainties
KwaZulu-Natal Premier Thami Ntuli is advocating for provincial departments, municipalities, and businesses to support Ithala SOC Limited by banking with the institution, but only after it secures a full banking licence. This call comes amid ongoing legal challenges and concerns regarding the bank's solvency.
KZN Premier Ntuli throws everything at saving Ithala
KZN Premier Thami Ntuli made another rallying call for all and sundry to get behind Ithala Bank.
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.
Court ruling revives Ithala Bank operations, bringing relief to employees and clients
This ruling comes as Ithala, which has more than 200000 active clients, appeals an ongoing liquidation application brought by the PA, which led to the freezing of all bank accounts, earlier this year.
Ithala bank clients welcome court ruling
The KwaZulu-Natal Economic Development and Tourism MEC Reverend Musa Zondi has assured Ithala customers that they will soon be able to access their money.
Pietermaritzburg High Court allows Ithala Bank to resume operations
Explore the implications of the Pietermaritzburg High Court's ruling that allows Ithala Bank to operate, and learn how this decision impacts the community.
IFP calls for urgent revenue solutions following VAT increase
The IFP urges the government to seek alternative revenue solutions to alleviate the burden of the VAT increase on South African consumers, following a significant meeting with the ANC to address the ongoing budget impasse.
'Last hope': NAFCOC joins battle to prevent Ithala Bank liquidation
NAFCOC President Gilbert Mosena declares Ithala Bank 'the last hope for black financial ownership' and pledges to fight its liquidation, planning to engage President Ramaphosa and King Misuzulu during the federation's 60th anniversary celebrations in KwaZulu-Natal.
White Capital Holds Black People Hostage Through Banks
Discover how South Africa's financial system perpetuates racial inequality, as the uMkhonto weSizwe Party exposes the colonial roots of the banking sector and its impact on black entrepreneurs.
Ithala’s Betrayal | The Systematic Erasure of Black Banks in South Africa
Ithala's destruction is not an isolated incident; it is a clear indication of what happens when black economic initiatives dare to disrupt the status quo, writes Sipho Tshabalala.
MK Party addresses Ithala liquidation during major banks' grilling over collusion, exploitative practices in Parliament
The ongoing saga of Ithala SOC Limited, a vital bank for KwaZulu-Natal's communities, raises serious concerns as Parliament addresses its liquidation and the implications for social grant recipients.
EFF, ActionSA and Nehawu condemn liquidation of Ithala SOC Limited
The EFF, ActionSA, and NEHAWU condemn the SARB's decision to liquidate Ithala SOC Limited, highlighting the risks to financial inclusion and economic transformation in South Africa.