Ithala SOC Limited is licenced financial services and registered credit provider. It 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 licence requirements in terms of the Banks Act.
Our purpose is to provide financial services to the people of KwaZulu-Natal, currently 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.
Our mandate is to provide access to financial products and services in areas where such offerings have previously been unavailable.
Company Details
- Employees
- 443
- Founded
- -
- Address
- 303 Dr Pixley Kaseme (West) Street, 15th Floor,south Africa
- Industry
- Financial Services
- NAICS
-
Finance and InsuranceMonetary Authorities-Central Bank
- Website
- myithala.co.za
- Keywords
- Providing access to banking and financial products and services in areas where such offerings have previously been unavailable., Banking, Financial, Insurance.
- HQ
- Durban , KwaZulu-Natal
Ithala Soc Limited Questions
Ithala Soc Limited's website is myithala.co.za
Ithala Soc Limited's LinkedIn profile is https://za.linkedin.com/company/ithalasoclimited
Ithala Soc Limited has
443 employees.
View email and phone details for 443
employees at Ithala Soc Limited.
Ithala Soc Limited's industry is
Financial Services
Ithala Soc Limited's top competitors are
Old Mutual South Africa,
Nedbank,
African Bank,
Capitec,
Kzn Growth Fund Agency,
Discovery Limited,
Dube Tradeport Corporation,
Ithala Development Finance Corporation,
Absa Group,
Fnb South Africa.
Ithala Soc Limited's categories are Financial Services
Ithala Soc Limited's founding year is 2001
