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Watch – SA Reserve Bank wants to shut down Ithala SOC – Here’s why

In a tale as tangled as a politician's promises, the Mkhize farm debacle unveils a financial labyrinth that begs the question: what else is lurking in Ithala's loan books?
Watch – SA Reserve Bank wants to shut down Ithala SOC – Here’s why Dr Zweli Mkhize during the Memorial Lecture by Dr Zweli Mkhize on O.R Tambo at Pietermaritzburg City Hall on November 19, 2022 in Pietermaritzburg, South Africa. (Photo by Darren Stewart/Gallo Images)
Pieter-Louis Myburgh
By Pieter-Louis Myburgh
29 Mar 2025
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Reporting by: Pieter-Louis Myburgh
Filmed by: Bernard Kotze
Produced by: Emilie Gambade
Edited by: Rufaro Chiswo
Animation by: Rufaro Chiswo
Sub-edited by: Ian Wolstenholme

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Comments (2)

D'Esprit Dan Mar 31, 2025, 07:10 AM

Wow! Looks like another ANC slush fund for the connected. If the ANC (and their extension in the EFF and MK) are so keen to keep Ithala afloat, they must demand the immediate repayment of all outstanding loans immediately. Those who can't forfeit their assets. Of course we know this won't happen to 'Digital Vibes' Mkhize and his family. Another rotten saga, proudly brought to you by Cyril Ramaphosa's ANC.

gfogell Mar 31, 2025, 11:30 AM

Sigh.... Why are we not surprised? To borrow from Shakespeare, "There's something rotten in the state of...". And there's never any consequence management. This beautiful country would do so much better with clean and effective governance.

Gavin Brown Mar 31, 2025, 01:30 PM

Where is SARS in all this ?