King Misuzulu kaZwelithini has mobilised efforts to save Ithala Bank from liquidation, stressing its vital role in the Zulu Kingdom’s economy and culture.
King Misuzulu KaZwelithini is leading efforts to save Ithala Bank from liquidation. Picture: FileKing Misuzulu kaZwelithini has instructed KZN Co-operative Governance and Traditional Affairs MEC Rev Thulasizwe Buthelezi to lead a delegation to support Premier, Thami Ntuli, in the provincial government’s efforts to save Ithala SOC Limited.
Making the announcement in a statement Saturday, Buthelezi said that he has been instructed by His Majesty King Misuzulu kaZwelithini to express his concern about the impending liquidation of Ithala. The MEC and Amakhosi of KwaZulu-Natal stand to lose R34 million held in Ithala in their Traditional Levies Trust Account if this matter is not resolved.
Using their IDs, these beneficiaries would be able to gain access to their funds during the next payment run.
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