NCOP members call for Ithala Bank to be saved from liquidation
submitted over 1 year ago by Lthabo1999
submitted over 1 year ago by Lthabo1999
- Members of the National Council of Provinces are urging to save Ithala Bank from liquidation to prevent it from facing a fate similar to VBS Bank, which could result in the loss of 5,000 jobs.
- The bank, established to serve the rural poor in KwaZulu-Natal, is currently facing insolvency, and its future now rests on a judgment from the Pietermaritzburg High Court.
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