Sibongiseni Phakathi


Job Title: Chief Information Officer

Company: Ithala SOC Limited


Sibongiseni Elliot Phakathi has nearly two decades of experience in high-pressure, fast-paced environments as a CIO, Head of IT Solutions Delivery, IT Applications Manager, Senior Researcher and Information Warfare Specialist, ICT Security Specialist, and Software Developer. He develops industry-leading solutions while inspiring and directing teams to deliver superior shareholder benefits.

2022 - Present  Chief Information Officer, Ithala SOC Limited
2015 - 2021  Head: IT Solutions Delivery, Ubank
2013 - 2015  Service Delivery and IT Application Manager, Armscor
2012 - 2013  Managing Partner, Sibongiseni & Sons
2009 - 2012 IT Manager, South African Post Office

2005 - 2005 Master of Engineering: (MSc Eng): Computer Engineering, University of KwaZulu-Natal
2002 - 2002 Bachelor of Science Honours (BSc Hons): Applied Physics, University of KwaZulu-Natal
2001 - 2001 Bachelor of Science (BSc) in Computer Science & Physics, University of KwaZulu-Natal
In Progress - 2023 Master of Business Administration (MBA), MANCOSA
In Progress - 2023 Bachelor of Laws (LLB), University of South Africa/Universiteit van Suid-Afrika

About Ithala SOC Limited: The Ithala Development Finance Corporation Limited (IDFC or Ithala) was established in 1958 as a development finance agency, wholly owned by the province of KwaZulu-Natal, mandated to assist government in promoting economic development and empowerment in the province. In its current form, Ithala functions through the promulgation of the KwaZulu-Natal Ithala Development Finance Corporation Act, 2013 (Act No. 5 of 2013), under them oversight of the Board and reports to the Provincial Department of Economic Development, Tourism and Environmental Affairs (EDTEA). Ithala is listed as a Schedule 3D Provincial Business Enterprise in terms of the Public Finance Management Act (No. 1 of 1999, as amended) (PFMA).

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