Smangaliso Mbatha's Contact Details

Smangaliso Mbatha's Company Details

Ithala Development Finance Corporation

Durban, KwaZulu-Natal, South Africa • 520 Employees
Banking

Vision, Mission & Values VisionTo create a more prosperous and inclusive society where the previously disadvantaged have an opportunity to a better lifeMissionTo reduce poverty through implementing infrastructure programmes, providing access to financial services, building the economy of KwaZulu-Natal with a focus on rural and township areasValues•Respect;•Service•Future Focussed•Integrity•PassionObjectives In terms of Section 3 of the KwaZulu-Natal Ithala Development Finance Corporation Act, No. 2 of 1999, Ithala's objectives provide for the organisation:•To mobilise financial resources and to provide financial and supportive services to the people of KwaZulu-Natal;•To plan, execute, finance and monitor the implementation of development projects and programmes in the Province;•To promote, assist and encourage the development of the Province's human resources and its social, economic, financial and physical infrastructure;•To promote, encourage and facilitate private sector investment in the Province and the participation of private sector and community organisations in development projects and programmes, and in contributing to economic growth and development; and•To act as the Government's agent for performing any development-related tasks and responsibilities that the Government considers may be more efficiently or effectively performed by a corporate entity.