February 12, 2025

Ithala Joins Nquthu June As Major Sponsor

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The event aims to fight poverty, reduce the high unemployment rate level in the region will be talk about the town. 

FILE PHOTO: Ithala SOC Limited office in Durban, the bank has become instrumental in rural communities. PICTURE: Supplied

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PIETERMARITZBURG: The event will also showcase maidens of Zulu and SeSotho cultures.

Ithala SOC Limited has committed to be part of the annual Nqutu June Horse Racing event,  as a major sponsor of the event.

The annual event which started in 2021 aims to fight poverty, reduce the high unemployment rate level in the region and talk about the town. The event which focuses on youth development and the upliftment of rural communities, will be bringing economic benefits for local businesses as well.

Ithala SOC Limited Chief Executive Officer, Dr Thulani Vilakazi said all stakeholders involved in this event should join hands and commit to making this a success.

He said it is worth noting that Nquthu Town is the home of Isandlwana, the historic Anglo-Zulu War battle that took place on 22 January 1879 and a tourist destination worldwide.

“Nquthu June has become one of the major events in our province since 2021. This year, our organisation will provide sponsorship worth R25 000 as well as become a banking partner. Our aim as a financial institution is to invest in youth from rural areas and help reduce the unemployment rate in rural communities,” Dr Vilakazi said.

He said Ithala SOC Limited continues to champion the needs of ordinary South Africans, especially those in rural areas.

“Formed in the early 2000s, Ithala has demonstrated its commitment to driving the social transformation agenda in the province by banking the unbanked. 

“Nquthu June aligns perfectly with Ithala’s transformation agenda and the financial institution hopes to contribute massively in making the event a success,” he added.

The event will also showcase maidens of Zulu and SeSotho cultures. This year’s event is promised to be bigger and better as the financial institution aims to boost KZN tourism through its sponsorship packages. 

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