First Take SA

PSA condemns decision to liquidate Ithala Bank


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The Public Servants Association, PSA has strongly condemned the Prudential Authority's decision to seek the liquidation of Ithala Bank. The Association says the decision is 'reckless' and 'devastating', accusing the Prudential Authority of disregarding the bank's vital role in serving marginalised communities in KwaZulu Natal. To elaborate further on their concerns Elvis Presslin spoke to PSA Provincial Manager, Mlungisi Ndlovu

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