Victor Daitz was a Jewish entrepreneur who spent most of his business life in Durban. He was born on 23 January 1913 in Johannesburg. His parents, Bernard and Annie Daitz, were Jewish immigrants who came to South Africa from Lithuania. They became merchants in the textile industry.
Victor was educated at King Edward VII School in Johannesburg. His tertiary education was taken in England, at Leeds University, where he qualified with a Diploma in Textile Industries in the late 1930s. Upon his return to South Africa, he joined the family business which became known as Natal Cotton and Woollen Mills Ltd. After the deaths of his father, mother and older brother, Morris, he became the sole owner of the family business. He was highly respected as an industrialist and entrepreneur. He was also a pioneer in the plastics industry.