Ithala bank Gets R2.2 Billion Bailout
Today National Treasury announced it is bailing out the failed Ithala state-owned company (SOC) with R2.2 billion and OUTA is concerned. Ithala SOC Ltd is an entity wholly owned by the Ithala Development Finance Corporation Ltd (Ithala DFC) which, in turn, is an SOC wholly owned by the KwaZulu-Natal provincial government, managed through the KZN …
