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Existing homeowners, especially those with variable-interest rate bonds, could find it harder to keep up with bond payments, increasing the risk of foreclosures.
The board has it has been instructed to clean the system.
The KwaZulu-Natal Standing Committee on Public Accounts is considering summoning Johan Kruger to address serious allegations regarding his management of Ithala SOC Limited, as the bank faces operational challenges.
The postponement followed a disagreement between parties in the GNU.
MKP’s Des van Rooyen calls on Parliament to rectify policies hindering Ithala Bank’s banking licence as the institution faces imminent liquidation.
Eskom officials in KwaZulu-Natal discuss the R2. 2 billion municipal debt, illegal connections, and community interference affecting electricity supply, while outlining plans to address these challenges.
eThekwini Municipality has approved a R1. 5 million budget for essential renovations to enhance the professional image of municipal offices and improve service delivery.
The harsh reality of minimum wage in South Africa: Families are overworked and living in debt.
eThekwini Municipality has approved a R5 million sponsorship for the 114th Investec SA Open Golf Championship, aiming to boost tourism and the local economy, despite political objections.
Ithala Bank’s employees face uncertainty as the court postpones a critical decision on their salary payments amid the bank’s liquidation troubles.
KZNERA’s decision on Hollywood Racing Enterprises’ acquisition of Gold Circle could reshape South Africa’s horse racing landscape.
Investors allege that Amaanat Investment Holdings (AIH), which was created to ensure financial security for members of the Muslim community, refused to buy back their shares after they wanted to severe ties.
eThekwini Municipality’s partnership with Ithala Bank to support SMMEs faces delays due to ongoing legal issues, impacting vital development plans.
Ithala Bank’s potential liquidation raises alarms among the Democratic Alliance and traditional leaders, who warn of devastating consequences for rural communities reliant on its services.
Premier Thami Ntuli defends Ithala SOC against claims of insolvency, highlighting its role in empowering marginalised communities and the implications of recent regulatory actions.
Ithala SOC stands as a crucial partner in KwaZulu-Natal’s economic development, despite facing significant legal challenges that threaten its future.
Ithala Bank employees express outrage over unpaid salaries linked to the freezing of bank accounts by the South African Reserve Bank, as legal actions loom.
As financial confidence rises in South Africa, the National Financial Ombud Scheme is ready to assist consumers facing credit-related challenges, ensuring fairness and transparency in credit disputes
eThekwini Ratepayers Protest Movement criticises the municipality’s decision to allocate R5 million for a golf tournament while residents struggle with basic services.
Emerging businesses in KwaZulu-Natal are calling on the government to intervene and prevent the liquidation of Ithala Bank, which is vital for over 4 000 black farmers who rely on its financial support.
eThekwini Municipality’s electricity unit warns of civil unrest and health hazards due to inadequate funding for maintenance, urging immediate action to secure R426 million for essential services.
EThekwini Municipality is set to enter a three-year partnership with Ithala Development Finance Cooperation to enhance support for small, micro, and medium enterprises (SMMEs). Despite the initiative's potential, concerns regarding implementation and oversight have been raised by local councillors.
Consumers are warned as scammers exploit the hopes and ambitions that come with the new year, targeting vulnerable individuals with sophisticated schemes
eThekwini Municipality’s Revenue Management Unit is launching an aggressive campaign to register customers for its e-Services platform, aiming to enhance utility billing and communication amidst postal service disruptions.