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Nedbank says its board chairman Vassi Naidoo has taken “immediate” leave to focus on the treatment he is receiving for a medical condition. The banking group said his condition is not related to Covid-19.
Vassi, who has been Chairman of the Nedbank Group since 2015, is also Chairman of the private real estate development company Gateway, Delta Development Holdings and WWF Nedbank Green Trust.
He is also on the board of directors of Liquid Telecommunications.
The company said that Mpho Makwana, who is the current lead independent director of the board, will serve as interim chairman effective immediately until Naidoo returns.
“The boards wish Vassi a speedy recovery and look forward to welcoming him back to full health in due course,” the company wrote in the announcement.
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