NEWS: The KwaZulu-Natal provincial government has unanimously approved a R300 million rescue package to stabilise Ithala bank and secure its immediate operational continuity.
The package will cover critical obligations which includes staff salaries, statutory contributions, creditor payments, and essential operational costs while government works closely with Ithala’s board and management to finalise a long-term restructuring plan - KZN Tonight Podcast & KZN News Box