Ithala Development Finance Corporation Limited
VISION
To be the catalyst for growth, socio-economic development,and empowerment in the KwaZulu-Natal Province; The IDFC is established in terms of the KwaZulu -Natal Ithala Development Finance Corporation Act, 2013 (Act No. 5 of 2013). In terms of Section 3 of the Ithala Act, the objects of the Corporation are to: Promote, Support and Facilitate social and economic development in the Province by –
-
Mobilising financial resources and providing financial and related support services to persons domiciled, ordinarily resident or carrying on business within the province;
-
Planning, executing, financing and monitoring the implementation of development projects and programmes in the Province;
-
Promoting, assisting and encouraging the development of the human resources and social, economic, financial and physical infrastructure of the Province;
-
Promoting, encouraging and facilitating private sector investment in the Province and the participation of private sector and community organizations in development projects and programmes and contributing to economic growth and development generally; and
-
Acting as the agent of the Provincial Government for performing development-related tasks and responsibilities which, in the opinion of the Provincial Government, may be more efficiently or effectively performed by a corporate entity.