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 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

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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

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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

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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

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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

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