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ITHALA APPOINTS SENIOR FINANCE FUNDI TO HEAD UP CREDIT UNIT

Ithala Soc. Limited has filled another critical post with the appointment of Delisile Mti as Head of Credit for the financial institution.

As head of Credit Mti’s executive responsibilities are to manage the organization’s strategic credit risk which includes identifying existing or potential credit risks; controlling and minimizing them; developing and implementing sound and prudent credit policies as well as developing and managing effective credit granting and collection systems.

“We are very pleased to welcome Ms Mti to the executive team of Ithala and we believe that her expertise and experience will be beneficial to us as we modernise and transform our systems to enable us to compete effectively in the banking market,” said Danny Zandamela, Ithala Soc. Limited Chief Executive.

Originally from Nquthu, near Dundee in KwaZulu-Natal, Mti is a banker through and through. For the most part of her career, she has spent 21 years in banking, managing public and private sector credit and overseeing departmental business growth and performance for Nedbank and First National Bank (FNB).

She joins Ithala from FNB where she spent nine years first as Head of Credit: Public Sector Banking and then as Senior Credit Manager: Business Credit.

As Senior Credit Manager she assessed requests for credit facilities and approved these within her individual mandate of R7.5 million for business clients with turnover of between R600 million and R1.5 billion.

In her position in public sector credit she developed and documented the first public sector credit policy and put effective governance structures in place.

Her early career includes a stint at Coopers & Lybrand in 1990; four years as a treasury accountant at Afrox; ABSA in 1994 as a trainee credit analyst; three years at SA Airways managing the state-owned entity’s indirect taxes and two years as an entrepreneur, consulting to small businesses.

Mti holds a MBA from Herriot-Watt University Edinburgh; a B.Com Honours degree from UNISA; a B.Com degree from UCT and an Associate Diploma in Banking (CAIB) from Rapid Results College.

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