Mangosuthu Buthelezi’s son starts petition to save Ithala Bank

IN A DESPERATE bid to save Ithala Bank from the brink of liquidation, Inkosi Zuzifa Buthelezi, son of the late Prince Mangosuthu Buthelezi, has initiated a petition that aims to rally support for the 60-year-old black-owned bank.This comes in the wake of serious allegations of insolvency and non-compliance made by the Prudential Authority (PA) of the South African Reserve Bank (SARB), prompting concerns over the bank’s future and the welfare of its clients.Prince Buthelezi was instrumental in the establishment of Ithala Bank.In an exclusive interview with the Daily News, Zuzifa Buthelezi…