KZN news bites: EFF backs court ruling letting Ithala Bank run itself again

KZN news bites: EFF backs court ruling letting Ithala Bank run itself again

Celani Sikhakhane brings you KwaZulu-Natal’s latest news. Pietermaritzburg – The Economic Freedom Fighters in KwaZulu-Natal say the court win for Ithala Bank is a warning to the South African Reserve Bank. The Pietermaritzburg High Court ruled that Ithala Bank can return to its main operations after repayment administrator Johannes Kruger filed for its liquidation. He claimed the bank had no power to run itself. Judge Muzi Ncube dismissed the cl…

Ithala Saga: Prudential Authority Launches Leave To Appeal High Court Ruling - The Bulrushes

Pietermaritzburg – The Prudential Authority (PA) – a regulatory entity within the South African Reserve Bank – has announced that it notes the recent ruling by Judge J Ncube in the Pietermaritzburg High Court and has launched an application for leave to appeal the decision. On Friday, (9 May 2025), the court ruled in favour of Ithala following a dispute over the powers of Johan Kruger, the Repayment Administrator (RA), who has taken over the ope…