Ithala Development Finance Corporation Limited

A Rich History of Empowerment and Development

Ithala Development Finance Corporation Limited (“Ithala”), KwaZulu-Natal’s Provincial development agency, boasts a rich history of over 60 years of development and empowerment among the historically disadvantaged communities of KwaZulu-Natal.

As a development finance institution with an established history of empowerment, Ithala is well-placed to provide financial and supportive services to communities in KwaZulu-Natal. In delivering its development mandate, Ithala continues to find development and empowerment solutions to address the needs of the historically marginalised people of the province.

Ithala Group engages in a wide range of activities including:

• Funding business enterprises, SMMEs and Co-operatives.
• Entrepreneurial support and skills development aimed at creating meaningful Broad-Based Black Economic Empowerment;
• Commercial and industrial property development and management;
• Savings, lending, insurance and banking services; and
• Funding for infrastructural projects.

Properties

The portfolio of properties is made up of over 1 million square metres of industrial, retail and commercial property ideally placed to service the various business sectors, spread through-out the province and is the pioneer into many rural areas, bringing services, shopping and banking facilities closer to local communities.

Business Finance

Ithala's Business Finance Unit is responsible for facilitating the development and empowerment of KwaZulu-Natal-based business enterprises.

Our Funding Solutions

Our Business Finance activities are keenly focused on offering financial and supportive services within a diverse range of key product groupings; groupings which encompass the complete business sector spectrum, inclusive of service industries, manufacturing, trade, retail and tourism and hospitality.

Ithala SOC Limited

Ithala SOC Limited, a wholly owned subsidiary of Ithala Group provides a range of retail banking services, home loan products and insurance services throughout the province.