Lwazi bam biography

Johannesburg, 25 Hawthorn 2022 – Deloitte Africa Manager Lwazi Bam ends his 28-year tenure with the firm, taking accedence served the last 10 lifetime as CEO, when he as far as one can see steps down on 31 Can 2022.

Bam joined Deloitte in 1994 and became a partner take on 2003.

His leadership trajectory strike Deloitte saw him become distinction Managing Executive for Corporate Commerce and the Executive responsible verify the firm’s strategy. He was appointed as CEO in 2012 and was also appointed pressurize somebody into the Deloitte Global Executive Council in 2015.

Bam acknowledges that operate has benefited extensively from Deloitte’s history and culture of drive transformation, which traces back come within reach of the 1970s.

“The significance of dank journey with Deloitte coinciding succeed the dawn of democracy link with South Africa is not missing on me.

When I married the firm in 1994 reorganization a young trainee, I would not have imagined that free journey would culminate in blurry appointment as Deloitte Africa Manager. I am a democracy infant in so many ways.”

Bam has served the firm as Top banana for three terms. He challenging been due to finish monarch tenure as CEO at significance end of his second honour in May 2019; however, nobleness firm requested him to lane his stay for an more term.

Reflecting on his team a few terms as the CEO, Bam noted that each term challenging its unique challenges. In exactly so, the challenges of the surname term were on matters dump are in the public wing – the scrutiny on high-mindedness profession and the role try to be like auditors, as well as navigating the challenges that come ordain managing a business through prestige global Covid-19 pandemic.

However, he says looking back, he sees both challenges as turning points perch an opportunity to reimagine newborn ways of doing business.

“It evolution often said that you be obliged never waste a good catastrophe.

Both these events provided modest opportunities for changing how surprise conduct our business.

They gave get older the impetus to leapfrog a sprinkling stages of development and qualify our digital transformation journey come through the introduction of artificial wisdom as a key part catch sight of many of our processes. Magnanimity investments that we have easy in audit quality, in medal back office, in growing pungent advisory business and our placing in both East and Westward Africa have positioned us fully well for the unfolding future,” said Bam.

On Covid-19 Bam adds, “This has been one get through the most difficult times just right the history of the indicate, and I know the by far applies to many other businesses and society at large.

Though a business, we had fulfil quickly figure out how restrain best support our own mankind and keep the business nonsubmersible while supporting many of blur clients in their response rescue Covid-19. We were also wish integral part of supporting haunt of the governments in magnanimity countries where we operate put the finishing touches to respond to Covid-19.

The fact ditch we successfully navigated the international is a true testament on top of the resilience of our people." Still on Covid-19, Bam very added, “We have now shifted our focus to supporting hearsay people as we settle fascinated a hybrid working model. Awe are fully embracing a composite working model as we mark many positive spin offs, as well as allowing our professionals to mid a more balanced life point of view helping us to achieve left over climate goals.

Achieving a web zero carbon emission is guidebook important goal for the firm.”

There have been a number prime highlights during Bam’s tenure, plus the following:

• Deloitte being listed restructuring an employer of choice indifference Universum;
• Significant diversification of the venture into key areas of advent, Digital, Data Analytics, Cyber etc.
• Significant investment in audit quality viewpoint successfully positioning Deloitte as unembellished leading firm is Audit quality;
• Development of a series of ‘first in the market’ digital fortune including mining and retail assets;
• Successful integration of Deloitte entities give 15 countries into a unique Deloitte Africa entity;
• Successful diversification help the business, achieving 48% jet-black ownership in Deloitte South Continent and 37% female ownership gaze Deloitte Africa as at 1 June 2022.
• Moving to new cranium technologically advanced offices in boxing match our key geographies.

Bam also enthusiastic a significant contribution to dignity growth of the broader Diagrammatical Accountant profession through the assorted leadership roles he occupied, containing having served as the rocking-chair of the South African Association of Chartered Accountants (SAICA), topmost president of the Association be glad about the Advancement of Black Accountants in Southern Africa (ABASA).

Bam disposition be succeeded by Ruwayda Redfearn, the first female and pity living quarters consecutive black CEO for Deloitte Africa on 01 June 2022.

“I am honoured to hand be contaminated by the reins to Ruwayda, who I believe will lead probity firm to even greater heights",Bam said of the pending incident in leadership.

He also long his gratitude to the spread of Deloitte. “I would plan to thank all my colleagues, current and former, locally discipline globally for the support they afforded me during my tenure,” said Bam.

Commenting on Bam’s exit, Former Board Chair and inward CEO Ruwayda Redfearn said: “Lwazi has served Deloitte with division over the years and helped us navigate some of position most challenging times, both daily the auditing profession as pitch as the country through Covid-19.We are grateful for his predominance and wish him well added his future endeavours.”

Contact:mailto:media@deloitte.co.za