Page 12 - KZN Business Sense 3.5

KZN

KwaZulu-Natal
Business Chambers Council
STEERING ITHALA ON A POSITIVE NEW APPOINTMENT AT

GROWTH TRAJECTORY ITHALA SOC LIMITED

I thala Development Finance of the Ithala Group Board; remain protable and sustainable. D anny Zandamela is the

Corporation’s new leadership
Siphesihle Mkhize, deputy
team and fortied strategy
Services Provider, Ithala
drive these programmes whilst
Ndlovu; Masaccha Khulekelwe
to maximise development chairman; Chris Gina; Sihle “e new board will continue to new CEO of Financial
opportunities in line with its Mbonambi; Njabulo Nzuza; Inkosi also identifying other avenues to SOC Limited. Zandamela has
mandate to promote development Sibonelo Nkosinathi Mkhize and spearhead SMME development. over 34 years of banking and
in KwaZulu-Natal were unveiled Precious Sibiya. Each Board member brings to the leadership experience, 16 of
at a networking lunch today. Ithala family diverse expertise that which have been as Senior
e key strategic goals to be will give life to the new strategic Executive / CEO in various FNB
In explaining the rationale driven by the new Board over the focus. e leadership team businesses in South Africa and
behind the theme ‘Next next ve years are: comprises young intellectuals Africa. Some of the key
Generation Leadership’, it was • To drive SMME and cooperative from various industries and this leadership roles he served
highlighted that the new Board’s development diversity in experience will move during his tenure include CEO
leadership style was driven by • To recapitalise and grow the us forward as an organisation,” First National Bank of
fresh thinking; diversity; a strategy property portfolio said Mathe. Botswana Ltd; CEO FNB
that supported socio-economic • To improve financial Corporate Banking; CEO FNB
transformation; change as dictated sustainability “In the throes of an economic Africa; CEO FNB Public Sector
by an evolving market and the • To forge development downturn and a highly Banking and most recently CEO
need to promote nancial partnerships competitive nancial sector, we FNB Business – Gauteng North
inclusivity. • To improve customer experience will not be complacent in our Province and Chairman FNB
• To drive radical economic delivery of products and services Public Sector Banking.
“Our organisation actively seeks transformation. to the markets in which we are Zandamela holds a Master of
pro-active young leaders with a entrenched,” added Mathe. Science degree in Strategic
passion for development and our “We congratulate all the new Management from the
incumbent leadership comprises a appointees and have every faith “e leadership is conscientious University of Derby (UK) and is
varied and experienced group of that the direction and expertise of of the competitive forces in the currently pursuing a Doctorate
people who have been tasked with the next generation of leadership lending, micro-lending and in Business Administration
driving this organisation forward will ensure Ithala remains property business sectors – the through Sheeld-Hallam
in order to meet the expectations protable and sustainable,” said avenues in which Ithala plays. University (UK) and Business
of our shareholder, the emba Mathe, Ithala’s Acting However, Ithala’s 58-year legacy School Netherlands.
Department of Economic Group Chief Executive. and brand positioning
Development, Tourism and underpinned by redening “His extensive expertise will
Environmental Aairs,” said Stringent cost containment progress places the organisation at provide the required leadership
Roshan Morar, chairman of the all-round and driving revenue an advantage over other markets and direction to deliver on
Ithala Group Board. growth through a myriad products in the province.” Ithala’s growth ambitions,” said
and services, as well as improving Malose Kekana, Ithala SOC
e new Board of Directors organisational eciencies and Limited Chairman.
which took oce on 1 June 2017, productivity, were cited among the
include Roshan Morar, chairman implementation measures to

Muntu Dube, Representative of the Department of Economic Development, Tourism and Environmental Aairs (EDTEA); emba Mathe, Acting Group Chief Executive at Ithala;
Siphesihle Mkhize, Deputy Chairman at Ithala; Precious Sibiya, Director of Ithala; Chris Gina, Director of Ithala; Inkosi Sibonelo Nkosinathi Mkhize, Director of Ithala; Roshan Morar, Chairman of the Ithala Group Board

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