Latest News & Developments
prudential authority
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.
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 customers will be able to access funds soon
Ithala Bank is set to resume full operations after a court ruling overturned the Prudential Authority's decision to freeze its accounts. MEC Reverend Musa Zondi assures customers that access to funds will be restored shortly, marking a significant victory for the provincial government and stakeholders.
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.
MEC Zondi says Ithala customers will be able to access funds soon
Ithala Bank is set to resume full operations after a court ruling overturned the Prudential Authority's decision to freeze its accounts. MEC Reverend Musa Zondi assures customers that access to funds will be restored shortly, marking a significant victory for the provincial government and stakeholders.
Prudential Authority imposes R13 million penalty, sanctions on Standard Bank
The Prudential Authority has imposed administrative sanctions and a R13 million penalty on The Standard Bank of South Africa Limited.
Capitec Bank responds after receiving sanctions, financial penalty from Sarb
After receiving sanctions and a penalty from the South African Reserve Bank, Capitec Bank said that they have fully cooperated and are committed resolving all matters.
Sarb imposes R56. 25 million penalty, sanctions on Capitec Bank for FIC Act violations
The South African Reserve Bank has imposed administrative sanctions on Capitec Bank for failure to comply with Financial Intelligence Centre Act (FIC Act).