Mail & Guardian
Mail & Guardian
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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
ACCOUNTABILITY

DA’s Francois Rodgers advocates for strict compliance, clean audits in KZN treasury budget vote

Rodgers, the new finance MEC, said he would cut subsistence and travel by 25%. In the last financial year, under the ANC, R1 billion was spent on S&T

  • Des Erasmus
3 min read