---
title: "LISTEN: Billions in the Balance – Ithala SOC"
type: "NewsArticle"
publisher: "Daily Maverick"
site: "https://www.dailymaverick.co.za"
section: "Articles"
canonical_url: "https://www.dailymaverick.co.za/article/2025-04-08-listen-billions-in-the-balance-ithala-soc/"
published: "2025-04-08T00:00:00"
lang: "en-ZA"
word_count: 95
---

# LISTEN: Billions in the Balance – Ithala SOC

Published 8 April 2025, 02:00 SAST

## Content

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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.

Written & Narrated by Pieter-Louis Myburgh

**Produced**by Emilie Gambade & Bernard Kotze

**Edited**by Rufaro Chiswo

**Original Theme Music & Design**by Bernard Kotze

Written & Narrated by Pieter-Louis Myburgh

**Produced**by Emilie Gambade 
& Bernard Kotze

**Edited**by Rufaro Chiswo

**Original Theme Music & Design**by Bernard Kotze

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