Esteemed businessman, former Group Human Resources Director of the Nedbank Group and Chief Executive Officer of Peoples Bank within the Nedbank Group and a doyen of the Black Economic Empowerment movement in South Africa, Mr Lot Ndlovu, has broadened his business horizons by acquiring a 50% share in management consultancy TalenTek.
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Raymond Raats (Director); Lot Ndluvo (Chairman);
Johan Brits (Managing Director) |
This transaction follows Mr Ndlovu’s wish to marry the consulting prowess of Lot Ndlovu and Associates Consulting with a synergistic technological solution, as offered by TalenTek, a supplier of world-class business execution software.
Mr Johan Brits, Managing Director of TalenTek said: “We are extremely excited about getting a partner of Mr Ndlovu’s stature on board. His considerable entrepreneurial experience will enable TalenTek to provide a unique offering to clients and penetrate market segments which were previously unexplored.”
TalenTek supplies clients in sub-Saharan Africa with software solutions like SuccessFactors, an integrated suite of on-demand business execution applications. In future, clients of Lot Ndlovu and Associates Consulting and TalenTek will have the added benefit of bespoke consulting solutions bolstered by state-of-the-art technology like SuccessFactors – allowing them to focus on business alignment and people performance optimising business results.
Mr Lot Ndlovu will take up a directorship in TalenTek and assume the role of Chairman of the Board. No further structural changes are foreseen for TalenTek; the company does however plan to address female empowerment in the near future.
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