Ithala SOC Limited has achieved a milestone after it became a major sponsor of Dundee July this past weekend. The financial institution which has invested its soul and resources in the upliftment of rural communities and economic growth, has further strengthened its efforts in promoting economic development.
Ithala SOC Limited is the official banking partner of the Dundee July. Ithala also sponsored the Dundee July beauty pageant which was hosted in aMajuba TVET College on Friday, 14 July 2023. This year winners heaped praise for the organisers and sponsors such as Ithala. According to the winner of this year’s Miss Dundee July, Ms Nothile Mpungose who walked away with R15 000, “what made me to enter this year was the fact that this event continues to showcase rural talent. Rural communities are often overlooked because of their remoteness but most of the talent is found in these communities.
The event which was graced by dignitaries from all over Southern African region, was glittering with high end fashion showpieces and creative displays from industry leaders. Those who participated in the event showed their delight when Ithala presented them with their winning prices.
Ithala is an advocate of rural development having shaped its focus to cement its position in the province by creating wealth for ordinary citizens. The financial institution which boasts about 38 branches in the province, has grown significantly in recent years. Its infrastructure is well equipped to withstand the demands from customers.
Despite challenges it encountered in the past years, it has grown from strength to strength. It’s commitment in becoming a financial sound institution has seen the bank to improve governance structure by appointing all key positions. It has rollout a major infrastructure plan which is designed to improve financial stability and provide easy ways of banking.
Speaking during the event, Dr Thulani Vilakazi said, “our work is on full display today here eNdumeni” referring to the place where Dundee July took place.
“What I said to my team and stakeholders was that Ithala must demonstrate to the fullest its commitment by walking the talk. Here, we’ve just done that and last month we did that in Nquthu June where we built our relationship with communities from the lenses of ground up approach,” he said.
The financial institution current and potential customers continued to mingle with Ithala team throughout the day getting to know more about its products and services. As fashion gurus were showcasing their taste in design, the winner of the race course, Mr Lindani Dube was in disbelief as he thanks sponsors and organiser after his Alfa and Omega horse leads him to victory and walking away with R300 000 price money.
According to Mr Mkhize, “we would like to thank organisers, sponsors and the community of eNdumeni for their support to making this event a success.”
“We also wishes to call other organisations to rally behind community development events like sponsors such as Ithala have been doing over the past decades. We’ve seen Ithala supporting events
such as Nquthu June and this event – referring to Dundee July. Such demonstrations and commitments encourages us to continue to partake in these events,” he said.
“We will continue to support events that seek to improve our society through the participation of the community,” Dr Vilakazi added.
A pioneer in banking the unbanked in KZN, Ithala SOC Limited is the first financial services institution to provide banking services to townships and rural areas of KZN and providing a range of savings and investments products, insurance services and personal and home loan products to communities throughout the province.
With a distribution network of 38 Ithala branches in KZN provides convenient transacting facilities.
For more information, visit www.myithala.co.za, call 031 366 2500 or follow #MoveToIthala
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