Lot Ndlovu: BEE pioneer
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.
$&'()* +$ + (&, - ) %