Ithala Bank Customers Frustrated Over Recent Developments

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 Banks Prudential Authority filed papers in the Pietermaritzburg High Court for the provisional liquidation of Ithala.

Some branches in the Durban CBD are closed.

This 70-year-old woman from Umlazi visited her local branch, joining a queue of frustrated clients who told SABC News that they wanted to withdraw their funds. She says she has been banking with Ithala Bank since 1987.

Every year, I save my money through Target save. I was supposed to withdraw this money on the 5th of January, but I have not been able to decide whether to withdraw that money or save it for the long term because each time I come to the bank I am not finding joy. I have been banking with IThala Bank for years, we have been saving for stockvels and and Target save, I had a monthly debit order but I have not been able to withdraw that money, I am here to withdraw my money. I am yet to decide whether will continue saving through this bank or not.