NEWS ANALYSIS: Ithala: a banking dream in ruins
The company’s future is in peril after the Prudential Authority took steps to unwind its deposit-taking activities
02 February 2024 - 05:00
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...
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