Mail & Guardian
Mail & Guardian
johan krugerlatest news & developments
Ithala SOC has R300 million ring-fenced in the provincial revenue fund that can be used by the bank to secure deposits — as required by the South African Reserve Bank’s Prudential Authority — the KwaZulu-Natal treasury has said in court papers
BANKS ACT SOUTH AFRICA

Ithala has R300 million ring-fenced to secure deposits, says KZN treasury

The bank does not have a solvency and liquidation problem, according to the department head

  • Des Erasmus
6 min read
ZUMAUNREST

R350 relief grant will be paid into bank accounts or via cash-send services

There are concerns that post office branch closures will make it difficult for beneficiaries to access the grant

  • Sarah Smit
3 min read
Over the past decade, the South African Post Office has had significant business problems, including debt to creditors and poor revenue collection.
CAMERON MACKENZIE

Post Office owes R842m to worker pension fund and medical aid

There is growing concern about a possible liquidation of the entity should it not be repurposed

  • Chris Gilili
5 min read
JOHAN KRUGER

Court rejects Waterkloof Four’s application

The Pretoria High Court on Wednesday turned down the so-called Waterkloof Four’s application for leave to appeal their convictions. The court earlier refused to overturn the…

  • Staff Reporter
2 min read
ANNERIEN VAN SCHALKWYK

SA athletes battle against heat

The pressure of qualifying for the Beijing Olympics for world indoor long-jump champion Khotso Mokoena is over after he carded a leap of 8,24m with his first dash at the board on…

  • Staff Reporter
4 min read