Peggy-Sue Khumalo is CEO of Standard Bank's wealth division - 5 things to know about her

Peggy-Sue Khumalo
Peggy-Sue Khumalo

Peggy-Sue Khumalo has had an impressive career, from being crowned Miss South Africa in the 90s to being an accomplished investment banker.

After her longstanding career at Investec, she has now been appointed as the CEO of Standard Bank's wealth division in South Africa.

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While she has kept her personal life fairly private, this is what we know about Peggy-Sue:


Peggy-Sue was raised by a single parent KwaZulu-Natal. In an interview with 702 FM she said her mother worked a domestic worker and her first job was also as a domestic worker. She said she attended boarding school in Pietermaritzburg but before she lived with her mother “on somebody else’s property”.

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Miss South Africa

A young Peggy-Sue had set her ambitions on Miss South Africa and was crowned in 1996. She was the third black Miss South Africa, three years after Jacqui Mofokeng was crowned as the first in 1993.


Peggy-Sue was offered a scholarship to study economics by former president Nelson Mandela sponsored by former Investec CEO Stephen Koseff. According to Channel24, she subsequently earned a BA Honours degree in Economics and Political Science, and a Master’s degree in Economics from the University of Manchester.

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Almost 20 years at Investec

According to Business Live, Peggy Sue started her investment career Investec and spent 17 years at the company. Channel24 reports that she started with a Public Sector and Black Business Portfolio at Investec Bank UK in its asset management division before returning to South Africa.

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Apart from her mother, Peggy-Sue has started a family for herself. She is married to radio anchor Xolani Gwala and is raising two girls.

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