The Ithala Development Finance Corporation Limited is a public entity that is owned by the KwaZulu-Natal Provincial Government in the KwaZulu-Natal province of South Africa.
The mission of the Ithala Development Finance Corporation Limited is to drive economic development and empowerment, whilst remaining financially sustainable.
The nature of Ithala Development Finance Corporation Limited’s business includes: business finance, industrial and commercial property development and management, retail banking services, home loan products, and insurance services.
The strategic objectives of the Ithala Development Finance Corporation Limited are to:
- Mobilise financial resources and provide financial and supportive services
- Plan, execute, finance and monitor the implementation of development projects and programmes
- Promote, assist and encourage the development of human resources and social, economic, financial and physical infrastructure
- Promote, encourage and facilitate private sector investment and the participation of private sector and community organisations in development projects and programmes, and in contributing to economic growth and development
- Act as the government’s agent for performing any development-related tasks and responsibilities that the government considers may be more efficiently or effectively performed by a corporate entity.
Overseeing Department/Entity
Reporting Entities
Office Bearers/Management
Chairperson
- Mr Sihle Mkhize
Deputy Chairperson
- Mr Chris Gina
Board Members
- Ms SB Dlungwane
- Dr D Jairam-Owthar
- Adv B Mbili
- Dr LT Mwelase
- Mr Sihle Ndlovu
- Dr U Roopnarain
CEO
- Ms Pearl Bengu
CFO
- Ms Amanda Zuma
Senior Management
- Mr Armstrong Malope (Organisational Strategy Performance and Efficiency Executive)
- Ms Nomthandazo Mseleku (Chief: Group Audit Executive)
- Ms Tozi Mthethwa (Group Corporate Support Services Executive and Acting: Business Finance Executive)
- Mr Malusi Mthuli (Properties Executive)
- Dr Mano Muthusamy (Group Chief Risk Officer)
Communications Officers
- Mr Khetha Cele (Group Chief Information Officer)
- Mr Simanga Mkhize
Contact Details
The contact details of the Ithala Development Finance Corporation Limited are listed in the table below.
| Physical Address: | Ithala Trade Centre, 29 Canal Quay Road, Waterfront, Durban, 4069 |
| Postal Address: | P.O. Box 2801, Durban, 4066 |
| Telephone: | 031 907 8911 |
| Email: | talktous@ithala.co.za |
| Website: | ithala.co.za |
