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VIDEO

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

The Prudential Authority of the SA Reserve Bank is seeking to liquidate KZN-based Ithala SOC due to serious concerns about the state-owned lender’s financial health. In this video, Daily Maverick's Pieter-Louis Myburgh unpacks for Scorpio the recent court application and investigates a questionable Ithala loan.
Pieter-Louis Myburgh
By Pieter-Louis Myburgh
29 Mar
Variant2 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)

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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