First Take SA

Ithala Bank is back in court


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Ithala Bank is in court today, seeking an urgent order to enforce a previous ruling that allows its board to manage the bank's operations and accounts. This comes after the Prudential Authority's bid to liquidate the bank due to insolvency. The KwaZulu-Natal Treasury department has filed papers in support of Ithala Bank, opposing the liquidation application. For insight into this unfolding drama, Elvis Presslin spoke to KwaZulu-Natal Treasury Spokesperson, Nkosikhona Duma

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