SIU to investigate alleged maladministration at Ithala

The Special Investigating Unit (SIU) will investigate alleged maladministration at Ithala Development Finance Corporation, following a Prudential Authority report that found Ithala to be technically and legally insolvent. This development has put over two-hundred thousand depositors at risk of losing their deposits. To discuss this further, Elvis Presslin spoke to Mlungisi Ndlovu, Provincial Manager of the Public Servants Association in KwaZulu Natal