subscription-manager fails with "unexpected keyword argument 'use_errno'" or ctypes "Version number mismatch"

Issue

The following errors can be seen in the console:

# subscription-manager status
Traceback (most recent call last):
  File "/usr/sbin/subscription-manager", line 9, in <module>
    load_entry_point('subscription-manager==1.24.48', 'console_scripts', 'subscription-manager')()
  :
  :
  File "/usr/lib/python2.7/site-packages/pyinotify.py", line 207, in init
    self._libc = ctypes.CDLL(libc_name, use_errno=True)
TypeError: __init__() got an unexpected keyword argument 'use_errno'

# subscription-manager status
Traceback (most recent call last):
  File "/usr/sbin/subscription-manager", line 9, in <module>
    load_entry_point('subscription-manager==1.24.48', 'console_scripts', 'subscription-manager')()
  :
  :
  File "/usr/lib/python2.7/site-packages/rpmUtils/arch.py", line 6, in <module>
    import ctypes
  File "/usr/lib64/python2.7/site-packages/ctypes/__init__.py", line 20, in <module>
    raise Exception, ("Version number mismatch", __version__, _ctypes_version)
Exception: ('Version number mismatch', '1.0.2', '1.1.0')