Ithala SOC Limited
Ithala SOC Limited, licensed financial services and registered credit provider, is a 100% owned subsidiary of Ithala Development Finance Corporation Limited, and is listed as a public entity in terms of Schedule 3 of the PFMA. In line with a recommendation from the South African Reserve Bank, Ithala SOC Limited was divided from Ithala Development Finance Corporation Limited in 2001 and has been operating under an exemption from the Banks Act 94 of 1990 (‘Banks Act’). The current exemption status is a temporary mechanism to enable Ithala to apply for and comply with the bank license requirements in terms of the Banks Act. Our purpose is to provide financial services to the people of KwaZulu-Natal, thereby contributing to the province’s socio-economic development. Our physical footprint spans the entire province of KwaZulu-Natal and, in some rural areas, we still remain the only financial institution with a physical presence.
Brand Press Releases
WHY THE GOVERNMENT SHOULD TURN ITHALA INTO STATE-OWNED BANK
At its 53rd National Conference, held in December 2012, the African National Congress (ANC), a
Issued by: Ithala SOC Limited on 25/04/2023
RECENT FUEL INCREASE AND REPO RATE HIKE: A REAL STING TO ORDINARY SOUTH AFRICANS.
Home loan is the most important debt one cannot ignore as an ordinary South African
Issued by: Ithala SOC Limited on 01/03/2023
ITHALA CONTINUES TO GAIN RECOGNITION FOR ITS IMPACT ON SOCIETY THROUGH CORNERSTONE PARTNERSHIPS
Ithala SOC Limited’s critical role in many sectors in KwaZulu-Natal continues to grow at an
Issued by: Ithala SOC Limited on 01/03/2023
DURBAN TAXI OWNERS APPLAUDS ITHALA’S TAXI BULK BUYING SERVICE OFFERING
Following the delivery of 10 taxis to KwaMashu Taxi Association late last year, Ithala started
Issued by: Ithala SOC Limited on 20/01/2023
DR. THEO NELL HAS BEEN APPOINTED AS THE NEW HEAD OF HUMAN RESOURCES AT ITHALA SOC LIMITED.
Dr. Theo Nell has been appointed as the new Head of Human Resources at Ithala
Issued by: Ithala SOC Limited on 19/01/2023
ITHALA SOC LIMITED APPOINTS MPUMZI PUPUMA AS THE CHAIRMAN OF THE BOARD
Ithala has appointed Mr Mpumzi Pupuma as the Chairperson of the Board to ensure that
Issued by: Ithala SOC Limited on 09/01/2023
MEC DUMA COMMITS TO WORK CLOSELY WITH ITHALA AS A BANKING INSTITUTION OF CHOICE.
Ithala SOC Limited has received a boost from KwaZulu-Natal Member of the Executive Council (MEC),
Issued by: Ithala SOC Limited on 09/01/2023
ITHALA LAUNCHES A STATE-OF-THE-ART BRANCH
17 November 2022: Ithala SOC Limited officially opened a new state-of-the-art technology full-service branch
Issued by: Ithala SOC Limited on 17/11/2022
ITHALA TAXI HANDOVER EVENT HAILED AS A STEP IN THE RIGHT DIRECTION
Ithala celebrated transport Month with a milestone achievement that saw their valued clients adding more
Issued by: Ithala SOC Limited on 28/10/2022
ITHALA EDU PLATFORM OFFERS ASSISTANCE TO MATRICULANTS AHEAD OF 2022 EXAMS.
In the wake of post COVID-19 times, we know that the learning space is still
Issued by: Ithala SOC Limited on 19/10/2022
APPOINTMENT OF YEDWA MBALI MJIAKO, BOARD MEMBER: ITHALA SOC LIMITED
Thursday, 06 October 2022 Mbali Mjiako is a new addition to the Ithala SOC Limited
Issued by: Ithala SOC Limited on 06/10/2022
Strong financial institutions can help build strong economies
It is no secret that we live in extraordinary times in South Africa. No day
Issued by: Ithala SOC Limited on 05/04/2022
Opinion Piece – What the current economic environment means for you
The price of fuel, oils and fats, meat, wine, milk, eggs and cheese and electricity
Issued by: Ithala SOC Limited on 09/03/2022
ITHALA SOC LIMITED ANNOUNCES NEW LEADERSHIP APPOINTMENTS
Financial services provider, Ithala SOC Limited, has made three key appointments, that of Chief Information
Issued by: Ithala SOC Limited on 16/02/2022
ITHALA TAXI FINANCE IN AN ONGOING JOURNEY ON HELPING ORDINARY SOUTH AFRICANS CREATE WEALTH THROUGH THE TAXI BUSINESS.
Ithala SOC Limited closed off the transport month by handing out 9 taxi keys to
Issued by: Ithala SOC Limited on 18/11/2021
ITHALA TAXI FINANCE BRINGS HOPE TO BUSINESS WOMEN IN KWAZULU-NATAL
Its transport month and self-made businesswomen are beaming with joy at the success of their
Issued by: Ithala SOC Limited on 18/10/2021
THE ITHALA EDU PLATFORM IS RUNNING AGAIN TO HELP MATRICS PREPARE FOR EXAMS
The impact of the COVID-19 pandemic on education has been devastating, with learners losing out
Issued by: Ithala SOC Limited on 26/08/2021
ITHALA IS READY TO BE A STATE BANK – NO NEED TO REINVENT THE WHEEL
There is no need to invent the wheel, says Ithala SOC Limited CEO Dr Thulani
Issued by: Ithala SOC Limited on 07/05/2021