Zeda Limited announced that Mr. Lwazi Loyiso Bam has been appointed to the board of directors of the company as an independent non-executive director with effect from 12 December 2022. The board elected Mr. Bam as chairman of the board on 14 December 2022. Mr. Bam was the chief executive officer of Deloitte Africa from 1 June 2012 until 31 May 2022.

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. During his time at Deloitte, he held executive responsibility for the firm's strategy, corporate finance, and M&A advisory.

He worked with clients across several industry sectors including transportation, fuel and fleet management, financial services, technology and media and services. He currently serves on the boards of Standard Bank and Nelson Mandela Nelson Mandela Foundation. He is a past President of the Association for the Advancement of Black Accountants in Southern Africa (ABASA) and a former Chairman of the South African Institute of Chartered Accountants (SAICA).

Mr. Bam is a Chartered Accountant of South Africa who possess a BCom (Hons) (University of KwaZulu Natal), B. Compt (UNISA), Advanced Management Program (AMP) (Harvard Business School).