Frank’s Story

Meet Dr. Frank “Dr Mags” Magwegwe

Frank is an applied behavioural scientist, educator and keynote speaker with a passion for helping people build resilience, purpose and overall wellbeing.

Whether in a lecture hall, on stage, or behind a microphone, he brings a rare mix of academic insight and lived experience that makes his work both practical and deeply human.

“Don’t just live,” Frank often says. “Thrive.”

And when he says it, it carries weight.

In 1992, Frank hit rock bottom – homeless, broke, and recently fired as a barman from the Kirkwood Hotel (an early setback that shaped his journey). Within a few short years, he turned his life around: first selling fruit and vegetables in downtown Johannesburg, then building a career in financial services, and eventually becoming a Harvard Business School graduate and award-winning financial wellness expert. Today, he’s a respected scholar with a doctorate in personal financial planning from Kansas State University, where his research focused on financial strain and retirement readiness.

Frank’s insights and story have been featured across television, radio, and print, including SABC Morning Live, eNCA, CNBC Africa, 702, CapeTalk, SAFM, PowerFM, KayaFM, City Press, Personal Finance, and Today’s Trustee.

From the streets of Johannesburg to esteemed academic halls, Frank’s journey is one of resilience, resourcefulness and determination. 

His story shows that with courage and purpose, it’s possible to face adversity and create lasting change – for yourself and for others.

1992
1992

Unemployed and broke
Almost became a farm-worker
Barman at Kirkwood Hotel
Fired for drinking on the job
Bye-bye Kirkwood


Hello Bloemfontein
Unemployed, broke and homeless


Hello Johannesburg

1993
1993

Unemployed, broke and homeless
Fruit and vegetable vendor
Fruit and vegetable business

Frank Magwegwe

1994
1994 – 1997

Hello Wits University

1998
1998 – 1999

Quants analyst
Risk manager

2000
2000 – 2001

Equity derivatives trader

2001
2001

Founded Foremost Futures (Pty) Ltd

2002
2002

Foremost Futures (Pty) Ltd fails
Unemployed and broke

2002 – 2003

Head: Derivatives Trading & Structuring

2004
2004 – 2007

Business development – asset management

2007
2007 – 2010

Head of institutional business: asset management

2010
2010 – 2016

CEO: linked investment services provider
COO: wealth business
Segment CEO: retail insurance

2013
2013

AMP (Harvard Business School)

2016
2016

Founded Frankly Speaking (Pty) Ltd and Thrive Financial Wellness (Pty) Ltd
Regular media appearances

2020
2020

Ph.D. (Kansas State University, USA)

2021
2021 – 2022

Lecturer: Gordon Institute of Business Science, University of Pretoria
Non-Executive Director: Mazi Holdings and Mazi Asset Management

2023
2023 – 2025

Senior Lecturer: Gordon Institute of Business Science, University of Pretoria
Non-Executive Chairperson: Mazi Holdings and Mazi Asset Management