Palesa Lengolo is a finance whiz and the author Stokvels: How They Can Make Your Money Work For You, which was published last year. The book looks at how investing in stokvels can boost the economy and make money for individuals. Lengolo says that writing a book was not part of her career plan, but she’s satisfied that it has added value to and is in line with her career.
With 10 years experience in the financial services sector under her belt, Lengolo founded Palengo Holdings hoping to change people’s financial lives for the better. Her interest in different businesses is why she wanted to invest in those that resonate with her. Lengolo is proud that she is able to empower others through her work. She is driven by the ambition of building a legacy for her family and future generations.
Looking back, Lengolo thinks she should have finished all her studies instead of being in a hurry to start working. It becomes difficult to balance work, studying and life. But she has learned that it’s never too late to accomplish your goals. Lengolo hopes to be part of the development of South Africa, by improving financial education. “The more financially literate people in the country, the higher the level of investment and development of our nation. This can help the nation economically.”
As advice to her younger self, Lengolo says:
“You’re on the right track, just keep going. Be brave when need be, take risks. You still have time. Put in the work, and define your own success both professionally and personally.”