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Who We Are
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As the Ithala Development Finance Corporation (IDFC) we manage fully integrated business activities that provide a range of financial and property services throughout KwaZulu Natal. Our mandate is to promote development in the province.

The Ithala Development Finance Corporation Limited (IDFC or Ithala) was established in 1958 as a development finance agency, wholly owned by the province of KwaZulu-Natal, mandated to assist government in promoting economic development and empowerment in the province. In its current form, Ithala functions through the promulgation of the KwaZulu-Natal Ithala Development Finance Corporation Act, 2013 (Act No. 5 of 2013), under them oversight of the Board and reports to the Provincial Department of Economic Development, Tourism and Environmental Affairs (EDTEA). Ithala is listed as a Schedule 3D Provincial Business Enterprise in terms of the Public Finance Management Act (No. 1 of 1999, as amended) (PFMA).

Our Mission

In achieving its vision, the IDFC mission is to:

  • Promote investment in development programmes and projects;
  • Optimise the property portfolio for tenant retention and attraction, and priority sector development;
  • Support SMME’and co-operatives to be sustainable participants in the economy;
  • Serve as the preferred implementing agent for economic and infrastructure development projects in the province; and
  • Facilitate programmes that drive radical economic transformation.


Our Vision

To be the catalyst for growth, socio-economic development, and empowerment in the KwaZulu-Natal Province.

Our Purpose

Ethics & Values

  • Our PASSION for making a difference is what drives us 
  • We act with INTEGRITY
  • We strive to be FUTURE-FOCUSED
  • We lead through SERVICE
  • We treat everyone with RESPECT

Our Objectives