Ithala Bank's battle for survival draws champions from all corners

AS ITHALA Bank fights for survival against Prudential Authority, an entity of the South African Reserve Bank, more and more organisations threw their weight behind the beleaguered financial institution .The legal bout, initially scheduled for late last month, has been postponed to a date in March, the wait is sure to increase the tension around the bank’s future and its thousands of clients.In its corner, Ithala has the backing of various political entities such as the IFP, ANC, MKP, and the DA, and the Association of Mineworkers and Construction Union (AMCU), have also expressed their…