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Daily Maverick

INVESTIGATION | Ithala - Billions in the Balance

08 Apr 2025

Description

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 MyburghProduced by Bernard Kotze & Emilie GambadeEdited by Rufaro ChiswoOriginal Theme Music & Design by Bernard KotzeSupport journalism that protects democracy. Become a Maverick Insider. https://www.dailymaverick.co.za/insider/ Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

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