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ITHALA MOVES TO POINT WATERFRONT

Ithala Development Finance Corporation Limited (Ithala) has relocated its head office in a plush new building at Durban’s Point Waterfront to be able to better access its target markets. The move by Ithala’s Corporate Services Centre from Umlazi to the Trade Centre building at the Point coincides with the continual expansion of the portfolio of financial products, with special emphasis on tailor-made packages for SMME’s to turn people’s dreams into reality. Ithata’s mandate is to provide access to financial products and services in areas where such offerings have previously been unavailable. As part of its essential products and services bouquet, Ithala provides the following via a multi-channel distribution network to individuals, groups, businesses and other public sector entities: • Transactional Banking; • Electronic Banking; • Insurance; • Lending; • Public Sector Finance; • Savings and Investments. Ithala which has for decades been one of KwaZulu-Natal's key drivers of economic development and a strategic enabler of support for, in particular, historically disadvantaged communities, has always supported the view that the future success of South Africa’s economy lies in emerging markets. “Ithala, has for the past 54 years, been committed to ensuring that our customers in emerging markets, especially in rural areas, have access to much needed banking services. This is something that major South African banks are only now waking up to,” said Yvonne Zwane, Ithala Group Chief Executive. “Unlike certain institutions that are obsessed only with their bottom line, we are committed to making a developmental impact where it matters most. We are willing to champion the course of the previously marginalised by providing them with much needed access to critical financial services and providing them with opportunities to upskill and better themselves.” Ithala’s new offices boast a contemporary open plan design featuring environment friendly fittings and new technologies positioning Ithala for energy saving and smart communication. Furthermore, the installation of a generator and an emergency water supply ensure that services will not be interrupted. The move from Umlazi will allow Ithala to be more easily in reach of its broader target market by being centrally located. However, having spent many years within the Umlazi community, Ithala is leaving a legacy by ensuring that the current building will be utilised in a way that directly benefits the people of the area. “We very pleased that, following our call for proposals, a University of Technology will be taking over the premises. Ithala has long been entrenched in learnership, internship and bursary programmes so we are heartened by the fact that our facility will be utilised by a recognised learning institution,” said Zwane. “The presence of provincial government entities that will be joining us later this year and during 2016, will add to our objective of consolidating and harmonising our activities to become the host for a development hub that will rationalize service delivery to our clients. “Ithala’s property portfolio is central to its development mandate of job creation and economic upliftment of local communities. We see the Ithala Trade Centre as a flagship in our commercial portfolio and believe that this project will enhance the area by contributing to mixed use development, regeneration and growth on the Point Waterfront,” added Zwane. The “Big Move to Hope”, as it is termed by employees within the organisation, speaks to a major milestone in Ithala’s repositioning strategy and the establishment of the Trade Centre points to the organisation’s success in re-asserting its development role. For more information on Ithala visit www.ithala.co.za or call 031 907 8911.

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Ithala is an Authorised Financial Services and Credit Provider
FSP License No. 17139 NCRCP No. 1559 Reg No. 2001/007427/30
Ithala SOC Limited is a wholly-owned subsidiary of Ithala Development Finance Corporation Limited