Peter Mageza


Peter Mageza served as Group Chief Operations Officer of Absa Group Limited from July 2006 to June 2009.

Mageza had a group operational responsibility for technology, operations, procurement, payments, real estate management, and human resources.

He was additionally responsible for group strategy, corporate social investment, government relations, and group communications. Since 2004, he became responsible for ABSA African portfolio, while retaining operational responsibility for ABSA Vehicle and Asset Finance.

He relinquished operational responsibility for these portfolios since July 2006. From December 2003 to January 2007, Mageza served as Group Executive Director, responsible for wealth management of ABSA Private Bank, MLS Bank, Personal Financial Services, and ABSA Vehicle and Asset Finance.

He served as Chief Operating Officer and Group Executive Director of Barclays Africa Group Limited since September 2007.

He joined ABSA Bank Ltd. in 2000, where he took over a number of executive functions within Bank and served as Chief Executive Officer of that division since 2001.

In 1998, he moved to the financial services sector and joined Nedcor Bank Limited’s Technology and Operations Process Management division and served till 1999.

In 1993, He moved into general management at Autonet, where he held various General Manager Positions and finally served as its Chief Executive Officer since 1995.

He worked as an Audit Manager within Transnet Limited’s Group Internal Audit Services. He started his career within the audit environment in 1988 with Coopers & Lybrand Chartered Accountants as an Audit Senior and served as its Audit Manager.

Mageza has been the Independent Non-Executive Chairman of Eqstra Holdings Limited since November 2011.

He serves as the Non-Executive Chairman at Ethos Private Equity. He has been an Independent Non-Executive Director of Remgro Limited since November 2009 and serves as a Director at Barclays Bank Mozambique.

He serves as a Non-Executive Director at Bidvest (IOM) Limited.

He has been an Independent Non-Executive Director of Anglo American Platinum Limited since July 2013.

He has been an Independent Non-Executive Director at RCL Foods Limited since November 2002, MTN Group Ltd and Sappi Limited since January 2010.

He has been an Independent Non-Executive Director of Eqstra Holdings Limited since October 2011.

He has been a Non Executive Director of Remgro Ltd since November 2009.

He served as a Non Executive Director at Natibacheonal Bank of Commerce (1997) Limited since February 2009.

He served as an Independent Non Executive Director of The Bidvest Group Ltd from August 2009 to November 2011.

Mageza served as an Executive Director of ABSA Group Limited from September 2007 to June 2009 and ABSA Bank Limited from September 10, 2007 to June 2009 and also served in different capacities in the subsidiary Boards.

He served as a Director at National Bank of Commerce (1997) Limited until October 6, 2006. He served as a Director of CBZ Holdings Ltd. until October 2006 and CBZ Bank Limited since October 2006 and as a Non Executive Director of Ambit Properties until August 2005.

He served as a Non Executive Director of Clover Industries Ltd from October 2010 to November 2013.

He is a Fellow of The Association of Chartered Certified Accountants in the United Kingdom.

He is a Chartered Accountant from South Africa.

Mageza also holds a B.Comm. Degree.


About Author

Bontle Moeng is the Founder and Managing Director of BizNis Africa. Moeng has spent 16 years working in the digital and online media industry across Africa. She applied her trade at True Love magazine prior to discovering her passion for Investment news in key sectors across Africa. Moeng previously worked for ITWeb, Starfish Mobile Technologies, ITNewsAfrica, AVATAR Agency, eNitiate, Global Interface Consulting and Havas Johannesburg. Her primary focus is to provide solid and valuable content on investment opportunities for the ICT, Energy and Mining sectors across Africa. In addition, the online news publication assists global companies to expand their presence in Africa. Email:

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