Peggy-Sue KhumaloPeggy-Sue Khumalo


South Africa

 

Occupational Information


Occupation: Banker

Occupational Position: Chief Executive Standard Bank's Wealth Division

Professional History


Peggy-Sue Khumalo is the Chief Executive for the Wealth division at Standard Bank.  Upon starting in February 2019, she will be responsible for the South African operations of Standard Bank's wealth business, which includes short and long-term insurance, asset management, pension fund operations, and fiduciary services. The division serves high net-worth individuals, corporate clients, and commercial and retail clients. It has a footprint in a number of other Sub-Saharan Africa countries as well as international offices in London, Jersey, the Isle of Man and Mauritius and the sum she will be responsible for will total around R175 billion in earnings.

Nonhlanhla Peggy-Sue Khumalo was offered a scholarship by the then State President, Mr Nelson Mandela in collaboration with Stephen Koseff (CEO) of Investec Bank to study Economics at the University of Manchester, UK, following her win as Miss South Africa in 1996.  Prior to her studies, she ran her own PR and Communications company that boasted the likes of Anglo American as clients. After completing her Masters degree, Peggy-Sue joined Investec Bank UK in 2004 where she was a Fixed Income analyst focusing on credit analysis of the European telecommunications, media and technology sectors.

She then joined Investec SA focusing predominantly on the public sector portfolio. She has received multiple accolades and her most recent appointment within Investec was to head up its Public Sector and BEE Financing. 

She founded the Peggy-Sue Khumalo Honorary Scholarship in partnership with the then CIDA City Campus, aimed at girls from rural communities.  Born to a single mother in KwaZulu Natal, she grew up on a farm where her mother was a domestic worker.  The scholarship she founded is testament to her own desire as a girl to obtain an education. She continues to work with several charities, including Little Eden, Seeds of Africa, the Teddy Bear Foundation and the Liliesleaf Trust.

Qualifications


PR & Communications Diploma - Damelin College
BA Honours in Economics and Political Science - University of Manchester, UK
MSc Economics - University of Manchester
Authentic Leadership Development Program - Harvard Business School

Programs


2013 Archbishop Desmond Tutu Leadership Fellow

Featured News

Norman Smit
30 March 2020

Two Fellows, Aderonke Onadeko of the Class of 2006 and 2007 Fellow Mezuo Nwuneli have partnered together to launch Nourishing Africa, a hub for entrepreneurs to accelerate their work, connect with funders, markets, talent, and celebrate their successes.

It connects agtech and digital innovators to ensure that Africa nourishes itself and becomes a net exporter of food by 2050.  On the site, they explain the simple math: by 2050, 2.4 billion people will live in Africa. If they spend $1 a day on food, this represents a $876 billion annual market. If they spend $10, its an $8.76 trillion annual market. A key goal is to empower Africans to sustainably grow and supply this massive market, reaping the benefits of local jobs.

Norman Smit
25 March 2020

2014 Fellow Zeinab Camara has run for office for her first time in the Guinean elections and won her seat in the National Assembly.  She stood for election in Boffa as a candidate for the governing party, Rassemblement du Peuple Guinéen or RPG, and won her seat with 62.4% of the vote. She ran against Abdoul Aziz Keita, the UDG candidate. 

The elections took place on March 22nd - along with a constitutional referendum - after being postponed four times from the original date in January 2019. As of March 26th, the country was waiting for judicial validation of the results. 

Norman Smit
23 March 2020

2017 Tutu Fellow Yap Boum II has written a post titled Coronavirus: Amid the global pandemic, lessons for Africa which was published by the Brookings Institution on 20 March 2020.  Yap, who is a microbiologist and epidemiologist and the regional representative for Epicenter Africa, the research arm of Doctors Without Borders, started the article by saying that the coronavirus disease 2019 (COVID-19) pandemic is unprecedented in modern times, bringing enormous human, social, and economic disruption. It's been a busy time for Yap, with the Coronavirus pandemic following the Ebola outbreak in the Democratic Republic of Congo, where he was on the frontline in a Phase III trial ebola vaccine to reduce the numbers of people infected by the disease.

In the article, Yap says that for Africa, where most countries have relatively weak health systems, the relatively slow arrival of COVID-19 bought Africa time to prepare.

Charles Sidambe
20 March 2020

2007 Fellow and Medical Scientist, Tariro Makadzange has been appointed as board member at Population Services International (PSI).

Tariro is a highly-qualified medical scientist, doctor and infectious diseases physician scientist who has degrees from Zimbabwe, Harvard and Oxford Universities and is a senior manager at the global biotechnology research multinational, Gilead Sciences.  She told AFLI that she had PSI had confirmed her appointment in January.


About AFLI

AFLIICONCROPPED

 

The African Leadership Institute (AFLI) is unique among leadership initiatives in that it focuses on building the capacity and capability of visionary and strategic leadership across the continent. Developing exceptional leaders representing all spheres of society, the Institute’s flagship programme is the prestigious Archbishop Tutu Leadership Fellowship. Offering a multifaceted learning experience and run in partnership with Oxford University, it is awarded annually to 20-25 carefully chosen candidates, nominated from across Africa. Alumni of the African Leadership Institute form a dynamic network of Fellows passionately committed to the continent’s transformation, bridging the divide between nations and ensuring that Africa is set centre-stage in global affairs.

AFLI Workplace

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AFLI uses Workplace by Facebook as its networking and collaboration platform for the Tutu Leadership Fellowship.  It allows Fellows to network, discuss issues, develop position papers, plan events, and coordinate with each other ahead of meetings when travelling to other countries. It also provides a space for programme associates to collaborate on their requirements for the Tutu Leadership programme.

Workplace is a software app that functions across desktop and mobile using familiar features like groups, chat, and video calls, and is used by more than 30,000 organisations around the world. It uses an interface familiar to anyone who has used Facebook, but adjusted for the workplace. We have provided answers to FAQs on how to log in, how Workplace can be used, and answers to possible technical questions users may have.  Fellows can log into Workplace by clicking on the the logo.

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