Call to probe loans

2008-04-06 00:00

Members of the provincial legislature’s finance portfolio committee have appealed for a further debate on the the controversial loans issued by Ithala bank to top provincial government officials and their family members.

But the report paints a dismal picture of the performance and repayment of the loans. It is stated in the report that 11 (35%) of the 31 loans awarded to “related parties” are in arrears.

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