ANC tasks transformation sub-committee with devising plans to rescue embattled Ithala Bank
submitted 12 months ago by Lthabo1999
submitted 12 months ago by Lthabo1999
- The ANC is working to save Ithala Bank from being shut down by the Prudential Authority, which has filed for its liquidation due to insolvency, risking over 400 jobs and financial services for marginalized communities in KwaZulu-Natal.
- The ANC's economic transformation sub-committee, led by the finance minister, is developing plans to rescue the bank, which plays a crucial role in providing banking services to rural communities, stokvels, churches, and small businesses.
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