US EditionIthala resumes operations – but still can’t take deposits – Moonstone Information Refinery
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Ithala resumes operations – but still can’t take deposits – Moonstone Information Refinery
The Prudential Authority (PA) and Repayment Administrator (RA) Johann Kruger are heading back to court, to appeal a High Court ruling that cleared the way for Ithala SOC Limited to resume operations – minus deposit-taking – while its liquidation hangs in the balance. Ithala is expected to resume its core operations today (12 May), excluding deposit-taking, following a ruling by the High Court in Pietermaritzburg that set aside the PA’s decision …
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