SARB marks CODI’s first year protecting depositors

SARB 3 minutes The Reserve Bank has been celebrating the first anniversary of the Corporation for Deposit Insurance (CODI). Established in April last year, CODI seeks to ensure that part, if not all bank depositors’ funds are protected in the event of a bank failure. Funded by the banking sector, currently, CODI has a coverage…

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Bulls beat Lions 35-22 in Jukskei derby

Blue Bulls training. 1 minute The Bulls have claimed the provincial bragging rights for Gauteng when they beat the Lions 35-22 in the Jukskei derby in round 10 of the United Rugby Championship at Ellis Park in Johannesburg. The Bulls outscored the Lions four tries to two for the bonus point The Pretoria side did…

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Four arrested in Mpumalanga for possession of explosives

Seized explosives Four people have been arrested for possession of explosives and two others for the contravention of Immigration Act in Verulam, Barberton, Mpumalanga. Police arrested them during Operation Vala Umgodi.   Provincial police spokesperson Donald Mdhluli says the suspects will appear in court soon.  “Three electric detonators, four capped fuses, 25 orange detonating codes…

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Clients voice concern over Ithala Bank dilemma

Ithala Bank outreach at a shopping centre on May 24, 2024. 2 minutes Some Ithala Bank clients in Durban have voiced their concern and anger over the current dilemma that the bank finds itself in. Last week, the Reserve Bank’s Prudential Authority filed papers in the Pietermaritzburg High Court for the provisional liquidation of the…

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Stilfontein illegal miners receiving medical attention: SAPS

Police seen at Shaft 11 in Stilfontein, North West. 1 minute Police have refuted claims that they are not willing to admit to hospital the recently resurfaced illegal mineworkers in Stilfontein, North West. The Stilfontein Solidarity Committee earlier released a statement saying some illegal miners who were recently retrieved need immediate healthcare and should not be…

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