Peter Mageza was previously Group Operating Officer of ABSA until the end of 2009 after nine years with the group. He serves on several boards including: Bidvest, Remgro and Sappi (South Africa) and replaces Fred Phaswana who was appointed the Chairman of the Standard Bank Group in November 2009.
By evaluating dynamic business environments and investment themes, Ethos identifies opportunities for value creation and applies a time-tested approach of strategic excellence, operational efficiencies, management improvement, and sustained investment.
Ethos specialises in control acquisitions, expansion and replacement capital in:
• Medium to large companies in South Africa that involve meaningful equity participation by management; and
• Good quality growth investments of meaningful size in South Africa and sub-Saharan Africa.
Ethos’ core premise is that the businesses into which it invests are stronger, more robust, more sustainable, and more valuable on exit than they were prior to Ethos’ ownership.
Seeking opportunities in diverse sectors of the market, Ethos’ current investments include Alexander Forbes, Idwala, House of Busby, Brandcorp, Sportsman’s Warehouse and Tiger Wheel and Tyre, while exited investments include Foodcorp, Waco International, Dunlop, Defy and Cobra Watertech.
