Appointment of incompetent leaders, political interference cited as reasons for Ithala’s demise

A TOP economist has cited political interference, mismanagement and the appointment of incompetent individuals to critical leadership positions at Ithala Bank as some of the reasons that led to the woes plaguing the black-owned entity.Dawie Roodt said: “The politicians are definitely to blame for the demise of the bank. It is definitely mismanagement, the appointment of incompetent people has led to the fall of the bank.”A leaked document that the Daily News has seen by an individual with intimate knowledge about the crisis at the bank revealed that there was a plot, allegedly hatched…