
‘Consequences of freezing Ithala’s bank accounts of its own making’
One of Ithala Bank branches. The catastrophic consequences of the freezing of KwaZulu-Natal development finance company, Ithala, is of its own making. That’s been the argument of the Reserve Bank’s Prudential Authority, and the repayment administrator for Ithala, before a full bench in the Durban High Court. They are applying for leave to appeal a…