I have been instructed by His Majesty King Misuzulu kaZwelithini to express to the Zulu Nation His Majesty’s concern at the impending liquidation of ITHALA BANK.
His Majesty views ITHALA as an important and indispensable structure of the Zulu Kingdom which carries historical, cultural, and economic significance.
In this regard, His Majesty has instructed me to lead a delegation of senior members of the Royal family and Amakhosi of the Kingdom to support the Premier of KwaZulu-Natal, Hon. Mr Thamsanqa Ntuli, in his government’s efforts to save ITHALA Bank.
His Majesty has also tasked this delegation with engaging with the National Government to underscore ITHALA Bank’s unique role in sustaining the livelihood of hundreds of thousands of His Majesty’s subjects in KwaZulu-Natal.
Amakhosi of KwaZulu-Natal stand to lose R34 million held in ITHALA BANK in their TRADITIONAL LEVIES TRUST ACCOUNT if this matter is not resolved.
Issued by:
Rev Thulasizwe Buthelezi
KZN MEC for Co-operative Governance and Traditional Affairs