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Our Leadership

Our Board of Director

Inkosi Sbonelo Mkhize

Independent Non-Executive Director

Appointed: 2018
Qualifications:

  • Bachelor of Commerce (Economics) (University of KwaZulu -Natal),

  • Certificate in Public Policy (2014) University of California Berkeley

Management Committees

  • IT Governance Committee
    Risk

  • Capital Management Committee

  • Insurance Advisory Committee

External Appointments

  • M Energy (PTY) LtdMC

  • Nalane Developmental Corporation (PTY) Ltd

Ms. Given Sibiya

Independent Non-Executive Director

Appointed: 2017

Qualifications:

  • BCom 

  • BAcc (Wits) Chartered Accountant (SA) Management Committee

 

Management Committees

  • Audit and Compliance Committee

  • Risk and Capital Management Committee

  • Human Resources, Social and Ethics Committee

 

External Appointments

  • Member of Audit Committee, Media Development & Diversity Agency

  • Head of Internal Audit Division, SekelaXabiso Chartered Accountants

  • Non-Executive Director, Basil Read Holdings Ltd

Mr. Sandile Mnguni

Independent Non-Executive Director

Appointed: July 2019
Qualifications:

  • Honours in Cost Management Accounting

  • Master’s in Business Administration

Management Committees

  • Risk and Capital Management Committee

  • Human Resources

  • Social and Ethics Committee

  • IT Governance Committee

Employment History

  • Director at Bonakude Consulting and Assurance

  • Head of Expenditure finance at Ethekwini Municipality

  • Senior Manager at  Auditor General’s Office

Our Executive Committee

Ms. Thabisile Luthuli 

Exco Chairperson & Company Secretary

Appointed: 2014
Qualifications:

  • CIS Professional (Post-Graduate)

Management Committees

  • Executive committee

  • Asset and Liability committee

  • Management Risk committee

  • Ethics and Fraud Prevention Committee
     

Employment History

  • Company secretary - Grindrod Bank Limited

  • Assistant Company Secretary - Apollo Tyres SA (previously known as Dunlop

  • Assistant Company Secretary: Adapt IT Holdings Limited

Mr. Sandile Xolo

Head of Marketing & Communication

Appointed: 2011
Qualifications:

  • BBA (Marketing), Graduate Diploma (Marketing)

  • PASA Certificate (Payments)

 

Management Committees

  • Executive committee

  • Management Risk committee

  • Ethics and Fraud Prevention Committee

  • Management Credit Committee
     

Employment History

  • Marketing and sales manager - Ithala SOC Limited

  • Brand manager - Tsogo Sun: Suncoast Casino

  • Casino brand manager - Tsogo Sun Gaming: Suncoast Casino

  • Regional assistant brand manager - Africa, Middle East and Turkey: Unilever​

Mr. Sihle Gwala

Head of Human Resources

Appointed: 2011
Qualifications:

  • B Soc Sc, SMDP

  • BA Honours (Industrial Psych)

 

Management Committees

  • Executive committee

  • Management Risk committee

  • Management Credit Committee

  • Ethics and Fraud Prevention Committee

  • Assets and Liabilities Committee

 

Employment History

  • Divisional HR manager - Public Investment Corporation Real Estate & Asset Management

  • Senior HR business partner (Head Office) - Absa Retail Bank

  • HR business partner (Regional Office) - Absa Bank

Mr. Shane Moodley

Head of Retail & Business Banking

Appointed: July 2015
Qualifications:

  • BCom (Hons) (Currently studying)

  • BCom (Financial Management)

Management Committees

Executive committee
Asset and Liability committee
Management Risk committee
Management Credit Risk Committee
Ethics and Fraud Prevention Committee

 

Employment History

  • Regional Head : Cash Management ( Absa Corporate)

  • Regional  Product Manager : Investment Risk (Absa Corporate)

  • Funding and Liquidity Dealer : Nedbank Capital

Ms. Chrystal Gumede

Chief Risk Officer

Appointed: April 2019

Qualifications:

  • Bachelor of Commerce.

 

Management Committees

  • Executive committee

  • Management Risk committee

  • Management Credit Committee

  • Social Ethics and Fraud Prevention Committee

  • Assets and Liabilities Committee

 

Employment History

  • Operational Risk Officer, Absa Bank

  • Risk Consultant,  Teba Bank

  • Head: Risk & Compliance, First National Bank

  • Head of Operational Risk, First National Bank

  • Chief Risk Officer, Basil Read

Mr. Aaron Pather 

Head of Insurance 

Appointed: July 2019

Qualifications:

  • Master’s in Business Administration (MBA)

 

Management Committees

  • Executive committee

  • Management Risk committee

  • Management Credit Committee

  • Social Ethics and Fraud Prevention Committee

  • Assets and Liabilities Committee

 

Employment History

  • Sanlam, Business manager

  • Nedbank Insurance Distribution, Head of Business development

  • Momentum, regional manager

  • Old Mutual,  Executive sales Manager.

  • Liberty life, Relationship Manager.

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Contact Information

Head Office: +27 (0) 31 366 2500  
Call Centre: +27 (0) 80 133 1130
Email: customerservice@ithala.co.za

Lost Cards: +27 (0) 80 133 1130

Ithala SOC Limited is an Authorised Financial Services and Credit Provider FSP License No. 17139 NCRCP No. 1559 Reg No. 2001/007427/30.

Ithala SOC Limited is a wholly-owned subsidiary of Ithala Development Finance Corporation Limited