Ithala bank staff wages for August not paid by repayment administrator

Ithala bank staff wages for August not paid by repayment administrator

The stressed staff of Ithala bank is fearing the worst after their August salaries were not paid by the repayment administrator (RA), who is now overseeing the affairs of the historic KwaZulu-Natal financial institution. The staff fear that since the August salaries were not paid, the RA may not pay them their September salaries when they become due on the 20th of the month. The frustration comes after last month’s Pietermaritzburg High Court ru…