Lot Ndlovu: BEE pi­o­neer

Sunday World - - News - STAFF RE­PORTER

PRES­I­DENT Ja­cob Zuma has ex­pressed his sad­ness at the death of Lot Ndlovu, a for­mer pres­i­dent of the Black Man­age­ment Fo­rum.

Ndlovu suc­cumbed to can­cer on Thurs­day. He was 62.

Ndlovu was pres­i­dent of the BMF from 1995 to 1999.

“He was one of the pi­o­neers of black eco­nomic em­pow­er­ment. We are very proud as a coun­try to have pro­duced and nur­tured such a leader. We will for­ever value his con­tri­bu­tion to both BEE and the de­vel­op­ment of black man­age­rial tal­ent and ex­per­tise,” Zuma said.

“I would like to con­vey our con­do­lences on be­half of the govern­ment and peo­ple of South Africa. May his soul rest in peace.”

At the time of his death Ndlovu was chair­man of the board of in­sur­ance com­pany Nestlife.

“Lot went away too soon,” said Nestlife MD Vusi Sit­hole. “He al­lowed many to sit on his broad shoul­ders to see far ahead of him. We have been robbed of a unique jewel of a leader. His im­mense lead­er­ship con­tri­bu­tion as chair­man of Nestlife will be em­bed­ded in the cor­ri­dors of our his­tory. His im­mense con­tri­bu­tion to the de­vel­op­ment of our beloved coun­try in dif­fer­ent fo­rums can­not be erased.”

Ndlovu ’ s son, Monde, said: “The BMF and the coun­try have lost a truly dis­tin­guished vi­sion­ary, a bold and fear­less leader, a stal­wart, valiant sol­dier and gal­lant fighter for both so­cio-eco­nomic trans­for­ma­tion and the de­vel­op­ment of man­age­rial ca­pac­ity, pri­mar­ily among blacks.”

Ndlovu was CEO of Peo­ple’s Bank and in­flu­enced its own­ers, Ned­bank Group, to in­vest in soc­cer, a sport the com­pany had not as­so­ci­ated with for many years.

Ndlovu stud­ied at Wits Busi­ness School, then fur­thered his stud­ies in the United States. He held an hon­orary doc­tor­ate from Tsh­wane Univer­sity of Tech­nol­ogy.

Ndlovu is sur­vived by his wife Zanele, four daugh­ters, a son, a sonin-law and two grand­chil­dren.

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