Nedbank chair Vassi Naidoo dies

Nedbank chair Vassi Naidoo dies

Deloitte Africa media declaration:

Deloitte Africa signs up with the South African service neighborhood in grieving the death of its stalwart and previous Southern Africa CEO Vassi Naidoo As a indication of regard to him, Deloitte Africa CEO Lwazi Bam revealed that flags throughout Deloitte workplaces will be flown at half-mast from today up until his funeral service.

Naidoo acted as Deloitte CEO for Southern Africa in between 1999 and 2006 and was the very first black CEO of a Big Four auditing company. He signed up with Deloitte as an articled clerk in 1977 and was selected as a partner in the Durban workplace in 1984.

Naidoo was chairman of Nedbank and a non-executive director at Old Mutual at the time of his death.

In a declaration provided this afternoon, Bam stated, “Vassi was a real legend and directing light of Deloitte. He was among my heroes and no doubt for numerous other present and previous partners of the company.”

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Bam kept in mind that Naidoo was renowned for his work principles. “During his period with Deloitte, Vassi contributed substantially to the company. He led us through the turbulent times in the occupation in the early 2000 s and served the company with commitment and devotion throughout his 29 years of service.”

Following completion of his term as CEO of Deloitte Southern Africa, Naidoo relocated to sign up with the Deloitte United Kingdom as a member of their Executive Committee and was likewise designated as the Deloitte Global Managing Partner for Talent.

Naidoo was an enthusiastic champ for the improvement of the accounting occupation and education of Chartered Accountants. His efforts were identified by the University of KwaZulu-Natal, where he was granted a Certificate of Commendation by the Faculty of Commerce.

In 2005, he was likewise made a Professor of Accounting & Auditing at the University of Johannesburg. In 2011, The South African Institute of Chartered Accountants (SAICA) acknowledged him with an honorary life time subscription for his contribution to the advancement of the occupation in South Africa.

Naidoo functioned as Chairman of the African Children Feeding Scheme and stayed included following his period. “We are very happy to have had a leader such as Vassi, who leaves an abundant tradition of having genuinely made an effect that matters,” stated Bam.

Deloitte Africa communicates our inmost acknowledgements to his better half, Sheila, his child, and our Deloitte partner, Carmeni and their extended friends and family.

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