Nelson Mandela Foundation appoints ex-Deloitte Africa boss Bam as new trustee

Former Deloitte CEO, Lwazi Bam. Picture: Terry Haywood

Former Deloitte CEO, Lwazi Bam. Picture: Terry Haywood

Published Nov 18, 2022



[email protected]

Johannesburg - The Nelson Mandela Foundation has announced former Deloitte Africa CEO Lwazi Bam as a new trustee.

Chairperson of the foundation’s board, Professor Njabulo Ndebele congratulated Bam and said: “Lwazi brings a wealth of institutional experience to the board. Our governance oversight role will benefit enormously.”

Bam is a chartered accountant and an outstanding South African. He was the CEO of Deloitte Africa from 2012 until early this year.

He also served as a member of the Deloitte Global executive committee, and prior to this, he served on the Deloitte Global board. He was with Deloitte for close to 29 years prior to his early retirement.

In the past he was president of the Association for the Advancement of Black Accountants in Southern Africa, chairperson of the South African Institute of Chartered Accountants, and chairperson of the African Children’s Feeding Scheme.

Bam joins Ndebele and fellow trustees Nikiwe Bikitsha, Alice Brown, Yolanda Cuba, Maya Makanjee, Professor Tshilidzi Marwala, Professor Themba Maseko, Sello Moloko, former president Kgalema Motlanthe and Futhi Mtoba.

The foundation is a non-profit organisation founded by Nelson Mandela in 1999 to promote Mandela’s vision of freedom and equality for all.

Last year, the foundation made headlines after its CEO, Sello Hatang and chief operations officer (COO) Limpho Monyamane were accused by anonymous staff members of flouting procurement processes, improper use of the organisation’s resources, bullying, intimidation and the abuse of donor relations.

Law firm Bowman Gilfillan was appointed to probe the allegations. In March last year, the final report was presented to the board of trustees and it was accepted unanimously.

On allegations of bullying, intimidation and harassment by both the CEO and the COO, the investigation has found no objective evidence to support the allegation as set out in the complaint.

It did, however, find there was tension and hostility among a limited number of staff members.

The Star