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

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

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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

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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

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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

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