Mail & Guardian
Mail & Guardian

Ithala Insolvency

latest news & developments
Ithala’s provisional liquidation may result in the closure of 257 000 depositors’ accounts while legal proceedings are under way. (Photo: Ithala)
BANK LIQUIDATION SOUTH AFRICA

Ithala liquidation: Government guarantees depositors’ funds

The bank said the closure threatens 400 jobs

  • Khethukuthula Xulu
3 min read
Ithala’s provisional liquidation may result in the closure of 257 000 depositors’ accounts while legal proceedings are under way. (Photo: Ithala)
BUSINESS

Ithala faces liquidation amid insolvency concerns

Ithala’s provisional liquidation may result in the closure of 257 000 depositors’ accounts while legal proceedings are under way

  • Aarti Bhana
3 min read