Ithala Bank warns of operational dead end if licence or exemption not granted

CEO Thulani Vilakazi says the bank has never dipped into depositors' funds to cover its losses

20 February 2024 - 15:11

Without a special exemption or a banking licence, Ithala will not be able to conduct its business as a bank and would not be able fulfil its mandate of providing financial access to the unbanked and financially excluded...

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