PSA slams Prudential Authority over Ithala liquidation move

A Ithala Bank stand at an event. 2 minutes The Public Servants Association (PSA) has criticized the Prudential Authority’s decision to apply for Ithala’s provisional liquidation, calling it “reckless” and “devastating.” The PSA accuses the authority of disregarding Ithala’s role in supporting marginalised communities in KwaZulu-Natal. The Prudential Authority, responsible for the regulation of banks…

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