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).
investment in development programmes and projects;
the property portfolio for tenant retention and attraction, and priority sector development;
SMME’ s and co- operatives to be sustainable participants in the economy;
as the preferred implementing agent for economic and infrastructure development projects in the province; and
programmes that drive radical economic transformation.
To be the catalyst for growth, socio-economic development, and empowerment in the KwaZulu-Natal Province.
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