KwaZulu-Natal state-owned Ithala was supposed to be a blueprint and prototype for how capable the government can be at running a fully fledged bank.               

But after two decades of trying to get a banking licence from regulators, the future of the company is in peril after the Prudential Authority (PA) took steps to unwind Ithala’s deposit-taking activities...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.