SARB quizzed about gung-ho Ithala liquidation move

THE South African Reserve Bank (SARB) deflected questions relating to the liquidation of Ithala Bank when it appeared before Parliament on Tuesday.The bank was among the institutions that attended the joint sitting of the standing committee on finance and trade, industry and competition portfolio committee to engage the finance sector on issues of transformation, and other related matters that are raised by consumers.MK Party MP Des van Rooyen noted that Parliament had resolved that the Prudential Authority should ensure that Ithala Bank was supported to become a fully-fledged bank.Van…