'Suspension of Ithala's bank licence could have devastating results' - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

This comes after the Financial Sector Conduct Authority announced in a statement on Friday that the service provider’s licence has been suspended because it doesn’t meet the financial soundness requirement specified for financial service providers.

KwaZulu-Natal Co-Operative Governance & Traditional Affairs MEC and Prime Minister of the Zulu Nation, Reverend Thulasizwe Buthelezi says the King is concerned that this will have devastating consequences on the livelihoods of thousands of his subjects who depend on Ithala Bank to conduct their business and social enterprises.

“His Majesty hopes that all efforts will be persuaded by the minister of finance and premier of KwaZulu-Natal to reinstate the licence of Ithala, as Ithala Bank is the backbone of the rural economy in KwaZulu-Natal and sustains thousands of businesses in the rural areas and townships.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

ACSA places CIO on precautionary suspension - SABC News - Breaking news, special reports, world, business,ACSA has placed its Chief Information Officer on precautionary suspension
Herkunft: SABCNews - 🏆 37. / 51 Weiterlesen »

Seven Nigerian soldiers killed by landmine - SABC News - Breaking news, special reports, world, business,Nigeria faces a raft of security challenges.
Herkunft: SABCNews - 🏆 37. / 51 Weiterlesen »

North West tavern shooting claims eight lives - SABC News - Breaking news, special reports, world, business,Police say suspects entered the tavern allegedly looking for Basotho nationals before firing shots.
Herkunft: SABCNews - 🏆 37. / 51 Weiterlesen »