PA report contradicts Ithala and KZN Treasury’s solvency claims – Moonstone Information Refinery

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PA report contradicts Ithala and KZN Treasury’s solvency claims – Moonstone Information Refinery

As the nation dissects the government’s Budget 2025, the judge set to hear the Prudential Authority’s liquidation application for Ithala SOC Limited in March is likely focused on solving a different financial puzzle – the institution’s assets, liabilities, and equity. On 16 January, the PA announced it had approached the High Court to liquidate Ithala, stating this move was in the best interests of its approximately 257 000 depositors. In the fo…