Steven Joffe 42


Chief Executive Officer

BCom (Hons Taxation), CA(SA), HDip (Company Law)

Invicta is pleased to announce that Steven Joffe has been appointed as the successor to CEO Arnold Goldstone with effect from 1 January 2020.

Steven is a CA(SA) and holds BCom (Hons Taxation) and HDip (Company Law) qualifications. Steven was with the enX Group Limited for the last five years, initially as Chairman and later as CEO. Steven was previously the CEO of Wild Rose Management (Pty) Ltd and Gold Reef Casino Resorts Limited.


Non-executive chairman

BA, LLB, DCom(h.c.)

Dr. Christo Wiese was appointed as a non-executive director of Invicta in October 1997 and served as chairman from October 1997 to April 2000. Christo was re-appointed as non executive chairman of Invicta in January 2006. Christo is currently also the chairman of Tradehold Limited and Shoprite Holdings Limited.



Independent non-executive director


David joined Trade and Industry Acceptance Corporation Limited in 1971 where he served as a director from 1980 to 1984. From 1989 to 2000 David was managing director of Stenham Proprietary Limited. In 1996. David was a non-executive director and chairman of Bearing Man Limited from 2001 to 2006, when that company was de-listed from the JSE. David was appointed as non-executive director of Invicta, and served as lead independent director from 1 April 2014.



Non-executive director

BA (Value and Policy Studies), LLB, MIEM (Bocconi, Italy)

Jacob obtained his BA degree, after which he worked at Lourensford Wine Estate, assisting in initiating event partnerships. Jacob subsequently completed his master’s degree in International Economics and Management as a participant in an MBA program. After returning to Lourensford for a brief period, he graduated with an LLB degree in 2008. During 2009, he completed his pupilage at the Cape Bar and was admitted as an advocate of the High Court. Jacob was appointed as non-executive director of Invicta in July 2010.



Non-executive director

Lance is a director and shareholder of the SMG Group (BMW). Lance studied commerce at the University of Cape Town and has been involved in the hospitality and motor trade industries for the past 15 years. Lance represented South Africa as a rugby player in the national team in 1994. Lance was appointed as alternate director to Reg Sherrell on 27 May 2009 and was nominated as non-executive director of Invicta on 29 July 2010, upon the retirement of Reg Sherrell.



Executive director


Craig previously held positions with Sappi and Group Five, before joining Invicta as financial manager in 1998. Craig was appointed as director of CSE Equipment Company in 1999, as Invicta’s company secretary in 2002, and as an executive director of Invicta in June 2007. Craig resigned as company secretary in January 2014 and continued as financial as well as commercial director. During the year in review Craig handed the responsibilities of financial director over to Nazlee Rajmohamed, continuing in his role as commercial director.

Tony S


Executive Director

Tony joined JI Case in 1982 and was appointed as branch manager in 1986. Tony joined CSE Equipment Company in 1989 and was promoted to divisional managing director in 1993. Tony was appointed as managing director of CEG in 1998, a position which he still holds. Tony was appointed as an alternate director of Invicta in September 2006, and as an executive director in June 2007.

Rashid Wally


Independent non-executive director

Rashid has held various senior executive positions with IBM in Africa, Europe, the Middle East and South East Asia,
including Lenovo in Africa. Rashid has over 38 years of experience in the Information Technology sector and was chairman of the board and member of the audit committee of Mango Airlines (SOC) Limited. Rashid is currently chairman of Fastjet PLC, a company listed on the London Stock Exchange AIM Section, and also serves on that company’s audit and risk committee. Rashid was appointed as an independent non-executive director of Invicta on 30 July 2013.



Non-executive director


Byron gained 14 years’ financial services and advisory experience with Deloitte & Touche and Bridge Capital. Byron was appointed as CEO of ARB Holdings Ltd, listed on the JSE, in February 2009, tasked with driving the Group’s growth strategy. Byron was previously the group CFO of Amalgamated Appliance Holdings Limited and a founding shareholder and director of Bridge Capital Group Limited. Byron was appointed as CEO of BMG and director of Invicta in November 2014. Byron resigned as CEO of BMG in October 2016 but remained on Invicta’s board as a non-executive director.

Untitled design


Executive Director

NTC 5 and various diplomas.

Gavin has over 30 years’ experience in the engineering sector and holds various diplomas including a technical NTC 5 qualification. Gavin has gained experience through various managerial roles as well as running his own business, Oscillating Systems Technology (“OST”), which was acquired by Invicta in 2005. Gavin was appointed as a divisional director of Bearing Man Group (“BMG”) in 2008, forming part of their mergers and acquisitions team. Gavin also played a lead role in BMG’s Simplify for Success strategy. Gavin was appointed as CEO of ESG and MD of BMG in September 2016, and as a director of Invicta in September 2017. Gavin handed over the role of MD of BMG on 1 May 2019 to Robin Briggs, and continues in his role as the CEO of ESG.



Executive Director

BCom, CA(SA)

Nazlee is a chartered accountant, holding a bachelor of commerce degree and a post-graduate diploma in accountancy. Nazlee has over 24 years’ experience, having held senior positions within the TOTAL Société Anonyme Group in South Africa, Nigeria and France and at MTN Group Limited where she served as the Executive Group Finance. Nazlee joined Invicta on 1 July 2018 as Financial Director.



Company Secretary

BA (Law), LLB, CIS

Lize was admitted as an attorney in 2011 after graduating with BA and LLB degrees. Lize has years of experience in corporate law, corporate governance and company secretarial practice and has completed the CIS qualification. Lize was appointed as Invicta’s Group company secretary and legal advisor in January 2018.