JOHANNESBURG - The future of Ithala Bank remains uncertain, as a tug of war over its license continues. The bank is facing an ...

While mutual banks are very small in the banking sector, with total assets of less than R4.2 billion, the impaired loans as a percentage of total advances sit at 12.8%.

Ithala Bank's future hangs in the balance as KZN Premier Thami Ntuli questions the ANC's claims of a successful intervention by Finance Minister Enoch Godongwana.

The African National Congress (ANC) Provincial Task Team in KwaZulu-Natal says saving Ithala Bank was a top priority following their appointment in February this year. ANC Coordinator Mike Mabuyakhulu ...

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The convener of the African National Congress in KwaZulu-Natal, Jeff Radebe, says the embattled Ithala Bank will no longer be liquidated.

The SA Reserve Bank’s Prudential Authority has applied for the liquidation of the troubled state-owned entity, Ithala Bank. However, Finance Minister Enoch Godongwana has agreed to intervene in an ...

Ithala Bank's future is now secure thanks to a pivotal agreement between the ANC and national government, safeguarding depositors and laying out a comprehensive strategy for the bank's sustainable ...

ANC KZN convenor Jeff Radebe confirms Ithala Bank will not be liquidated, preserving its critical role in supporting local economies, small businesses, and vulnerable communities across KwaZulu-Natal.

The government and the World Bank have signed a R30 billion development policy loan agreement to support critical structural reforms.