# COSATU has commended Finance minister Enoch Godongwana for intervening to stop the liquidation of Ithala Bank. The KwaZulu-Natal-based institution faced closure earlier this year after being declared insolvent, risking over jobs and affecting more than 257-thousand depositors. COSATU Spokesperson Zanele Sabela says the federation strongly opposed the move, citing worker and community impact. She calls for a sustainable turnaround strategy to ensure its long-term viability and regulatory compliance:
COSATU applauds minister Godongwana for saving Ithala Bank [SOUND]
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