Ithala's possible liquidation a threat to KZN communities

Masibongwe SihlahlaTHE news of the Prudential Authority’s application to liquidate Ithala SOC Limited is a devastating blow to the communities of KwaZulu-Natal, particularly those in rural areas who rely on Ithala for essential financial services. As the situation unfolds, it is crucial that the interests of depositors and employees are safeguarded.Ithala SOC Limited has been a vital institution in the region, providing critical financial services to many who would otherwise be excluded from the formal banking sector. The potential liquidation of Ithala would not only have severe economic…