First Take SA

NEHAWU opposes Ithala Bank's liquidation


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The National Education, Health and Allied Workers' Union is today expected to submit a memorandum of demands to National Treasury and South African Reserve Bank, in a bid to prevent the impending liquidation of Ithala Bank. NEHAWU is among a number of entities that have opposed the Prudential Authority's appication to liquidate the state-owned bank due to insolvency. The union says the bank's more than 400 workers will be negatively impacted should the applicarion succeed. For more on this, Elvis Presslin spoke to NEHAWU Durban Regional Secretary, Prince Mthalane

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