CEO hails Mangosuthu Buthelezi as pioneer for role in establishing iThala Bank
While the family of Prince Mangosuthu Buthelezi observed family rituals ahead of his burial, tributes were still coming in.
A delegation from iThala Bank visited the KwaPhindangene homestead of the late prince to pay their respects.
Buthelezi played a huge role in the establishment of the bank in the 1950s, focusing on the economic inclusion of ordinary citizens.
The bank leadership praised Buthelezi for his contribution to its formation, saying many stood to benefit from it.
Bank CEO Dr Thulani Vilakazi told the publication that Buthelezi was one of the people who made it possible for it to be established.
“The prince was actually a pioneer in terms of establishing iThala as an institution that encourages his people to start saving and we know that saving is quite important.”
Vilakazi said Buthelezi’s contributions towards the forming of the institution had a positive impact on various communities.
“As we speak now in KwaZulu-Natal, ordinary women, and ordinary people understand the importance of saving as a result of his importance, in terms of his contribution.”
At the same time, the Mangosuthu University of Technology in Umlazi, south of Durban, is holding a memorial service in honour of its founder.
-EWN
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