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Ithala appoints group chief executive steeped in strategic public sector managementThe Ithala Board of Directors has announced the appointment of Pearl Sizeka Bengu as new group chief executive Ithala Development Finance Corporation (IDFC) with effect from 1 November 2018. 1 Nov 2018 Read more

KZN small business achievers saluted for their contribution to the local economyThe entrepreneurial spirit and tenacity of small business leaders in KwaZulu-Natal was celebrated at the 2018 Business Achievers Awards gala ceremony in Durban last night (28 March 2018). 29 Mar 2018 Read more

Township and rural economies to change the development narrativeThe face of township and rural economies where unemployment, poverty and inequality are still rampant is fast changing, thanks to a successful public-private partnership which recognises the potential for emerging enterprises to contribute towards job creation and the mainstream economy. 15 Nov 2017 Read more

KZN businesswomen making strides in key economic sectorsThe integration of women in the formal economy across a variety of sectors without hindrance will have far reaching effects for the overall economy of the country, says Ithala Development Finance Corporation. 30 Oct 2017 Read more

Facelift underway at Ithala's northern region centresThousands of small, medium and micro enterprise businesses (SMMEs) are having to bear the brunt of economic uncertainty following reduced growth in household expenditure, rising unemployment, a decline in fixed investment activities and continued contraction in government consumption. 17 Oct 2017 Read more

Next Generation Leadership to steer Ithala on a positive growth trajectoryIthala Development Finance Corporation's new leadership team and fortified strategy to maximise development opportunities in line with its mandate to promote development in KwaZulu-Natal were unveiled at a networking lunch today. 27 Sep 2017 Read more

Rural KZN school gets a lesson on money managementProspect Farm School in Stanger, north of Durban, has become the latest recipient of a programme on money management skills to foster a culture of savings among youth. Ithala Development Finance Corporation, which promotes development in KwaZulu-Natal, partnered with the KZN Financial Literacy Association and the Banking Association of South Africa some years ago in the "Starsaver" campaign. 27 Sep 2017 Read more

Ithala supports ever-growing female talent poolIthala Development Finance Corporation believes equal opportunities for women in the workplace will result in greater economic growth - and is leading by example. At least 53% of Ithala's total staff complement is female - with 29% in executive management positions; 42% in top management and 35% in middle management. 21 Aug 2017 Read more

Mentorship programme gears rural women for businessA mentorship programme to capacitate KwaZulu-Natal rural and township women with business skills to realise their dreams of becoming entrepreneurs and enjoying a better quality of life has been made possible. 4 Aug 2017 Read more

Access to markets critical for SMME survivalHundreds of small, medium and micro-sized enterprises (SMMEs) who battle daily to gain access to markets to ensure their profitability and sustainability have been thrown a lifeline, thanks to Ithala Development Finance Corporation. 7 Jul 2017 Read more

Sweet deal keeps cane growers and sugar industry afloatThe livelihood of about 58,000 people who contribute towards production of 20 million tonnes of sugarcane annually would have been compromised had it not been for the support provided by Ithala Development Finance Corporation. 30 Jun 2017 Read more

Youth making inroads to a brighter futureHelping small businesses to thrive at a time when South Africa's unemployment rate is at a 14-year high, will be key to reducing the high rate of unemployment and putting an end to generational poverty. 21 Jun 2017 Read more

Rural KZN schools beam at generosity of IthalaThe spirit of ubuntu came alive when members of Ithala Development Finance Corporation's Corporate Social Investment team visited eight rural schools in Nongoma, Ulundi, Kwadukuza, Ixopo, Ndumo, Isithebe, Madadeni and Mandeni to deliver school uniforms. 24 May 2017 Read more

My Business Indaba roadshow to empower youth, women, SMMEsThe call by government to develop township enterprises, co-operatives and SMMEs to revitalise township economies is fully supported at the highest levels by Ithala Development Finance Corporation. 26 Apr 2017 Read more

SMME skills development workshop empowers rural womenAs part of a collaboration between Ithala Development Finance Corporation and the Businesswomen's Association of South Africa (BWSA), the top 20 nominees in the “Imbokodo Iyazenzela” Women in SMMEs Awards 2016 were hosted at a business skills development workshop in Durban this week. 13 Apr 2017 Read more

Ithala celebrates top business achievers at gala dinnerIn recognition of their contribution towards developing KwaZulu-Natal as an entrepreneurial province, several enterprising business leaders were feted at an awards ceremony in Durban. 3 Apr 2017 Read more

Ithala optimistic about KZN's economic prospectsSlow growth, rising unemployment, severe drought and political tensions are among the major hindrances to South Africa achieving a progressive economy. 1 Feb 2017 Read more

Profit margins rise and Ithala gets its third clean auditIthala Development Finance Corporation (IDFC) - a catalyst for SMME development in KwaZulu-Natal and deliverer of hope for historically disadvantaged communities - is on a growth trajectory following the release of its annual financial results. 15 Dec 2016 Read more

Young entrepreneurs shine at the 2016 Inkunz'isematholeni Youth in Business AwardsIthala Development Finance Corporation's 2016 Inkunz'isematholeni Youth in Business competition recently drew to a close after the evaluation of all business concepts that were submitted. 2 Dec 2016 Read more

KZN youth development programme beneficiaries thriveAmid reports that KwaZulu-Natal is lagging behind other provinces in the development of small, medium and micro-enterprises (SMMEs), the tide is set to change as greater numbers of people get onto the entrepreneurial ladder. 16 Nov 2016 Read more

Choosing the right partner will determine your successIf the age-old adage that "Life is a journey, not a destination" is anything to go by, then the people we encounter along the way and the experiences to which we are exposed, will profoundly impact our personal and professional accomplishments. 4 Nov 2016 Read more

Creators of local wealth honoured by IthalaAmidst the stifling plight of township and rural business women, the tradition of recognising ordinary women on a public platform for their outstanding contribution to the economy and local communities is like a breath of fresh air. 29 Aug 2016 Read more

Women at the centre of Ithala's growth strategySuccess is inevitable when stronger female participation is encouraged across all levels of an organisation and where men and women are given equal opportunity to achieve their full potential. 17 Aug 2016 Read more

Ithala's industrial estates a lifeline for communitiesSeveral local and surrounding communities across KwaZulu-Natal are highly dependent on the existence of purpose-built industrial estates for employment, income and an improved lifestyle. This was revealed by a socio-economic trend assessment of Ithala Development Finance Corporation's industrial properties and comes in the wake of current economic pressures. 7 Jul 2016 Read more

Women entrepreneurs geared for success with "Imbokodo Iyazenzela" initiativeA development programme targeting women entrepreneurs in mainly rural areas across KwaZulu-Natal will see thousands of them getting closer to realising their dreams of achieving better socio-economic conditions. 12 May 2016 Read more

Business achievers take centre stage at awards ceremonySeveral enterprising business leaders were feted at a glittering awards ceremony hosted by Ithala Development Finance Corporation last night (31 March) after proving their mettle in the commercial world. 4 Apr 2016 Read more

Inkunzi'Isematholeni Youth in Business competition now openCatch them young and inculcate business skills that will give them a solid foundation in life. 1 Apr 2016 Read more

Ithala adds new light industrial park to its property portfolioConstruction of Ithala Properties new light industrial park, Paramount Park, has been completed and the keys officially handed over. 1 Feb 2016 Read more

Ithala intensifies business support programs under crunching economyWhile looming interest rate hikes, a weakening rand and the prolonged drought dominate newspaper headlines, Ithala is intensifying its business support programs to help small business owners remain financially afloat and relevant. 11 Nov 2015 Read more








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