KZN government commits to lifting Ithala Bank out of financial turmoil

KZN Economic Development, Tourism, and Environmental Affairs MEC, Musa Zondi says he's committed to averting a closure of iThala bank. This comes after the Financial Sector Conduct Authority suspended the bank's operating licence. The FSCA cited several reasons for the suspension, including Ithala's "failure to meet financial soundness requirements". #enca #dstv403 For more news: https://www.enca.com/