Every week The Money Show’s Bruce Whitfield interviews a famous person about her or his attitude to money (hopes and fears, successes and failures, etc.) as part of his weekly “Make Money Mondays, Personal Edition” feature.
This week Whitfield interviewed businessperson, philanthropist and former Miss South Africa, Basetsana Kumalo.
I started to work for money from an early age… At six I sold lollypops… I grew up in an entrepreneurial family… Since 20, I’ve been self-employed…— Basetsana Kumalo
No Ivy League institution or business school could’ve taught me what I learned from my mother and father… Hard work pays! The hustler in me comes from the ‘hood…— Basetsana Kumalo
Kumalo won the Miss South Africa pageant in 1994 and came second in Miss World that same year.
Kumalo was born in Soweto.
Her father was a bus driver; her mother was a teacher.
Kumalo remembers selling sandwiches at soccer matches over weekends to help her family make ends meet.
She is the President of the Businesswomen's Association of South Africa and the co-founder of the Romeo & Basetsana Kumalo Family Foundation, which helps with childhood development, specifically those orphaned by Aids and other diseases.
Kumalo volunteers with Agang Sechaba, a project aimed at getting successful people a chance to give back to the townships in which they were born.
But what is it that she believes about money?
Does it keep her up at night?
Does she spend like crazy or save compulsively?
- How did her childhood experiences shape her views on money?
Listen to the interview in the audio below (and scroll down for more quotes from it).
Which woman is not inspired by Michelle Obama?...— Basetsana Kumalo
I had the privilege to travel with Madiba. When I won, I got this call from Zelda la Grange… Madiba said he would love having lunch with the Queen!— Basetsana Kumalo
I used to be a nervous wreck when I went to Hollywood… interviewing Will Smith or Denzel…— Basetsana Kumalo
My dad had a Datsun bakkie where he packed us like sardines…— Basetsana Kumalo
I bought my first property when I was 21…— Basetsana Kumalo
We sit at the dinner table discussing stocks and options to get input from my 14-year-old…— Basetsana Kumalo
I’m a very conscious spender… You can only drive one car at a time, so I only have one… I’d rather employ more people… I was raised like that…— Basetsana Kumalo
Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:
Recommendedby NEWSROOM AI
The Money Show’s Bruce Whitfield interviews Toby Shapshak (Publisher at Stuff magazine) about the R1.5 billion investment.
Some things in life just don’t need a “designer” counterpart, reckons branding and advertising expert Andy Rice.
If EOH didn’t make those mistakes, the company would have no debt today, laments its CEO, Stephen van Coller.
It’s better to start late than never! The Money Show’s Bruce Whitfield interviews Jeanette Marais.
Small business guru Pavlo Phitidis shares shocking anecdotes and advises business owners on how to address this challenge.
You only live once — personal finance guru Warren Ingram on divvying up your income if you're not the budgeting type.
DStv has the lowest repeat rates in the world, according to MultiChoice.
RMB Holdings will dole out its shares in FirstRand, South Africa’s largest financial institution, says Chris Logan.
EFF's Malema and Ndlozi were in court for allegedly assaulting an officer during Winnie Madikizela-Mandela's funeral last year.
FNB ("most innovative bank in SA") is unbanking one of the most innovative industries of our time, says Farzam Ehsani (VALR.com).
Consumer journalist Wendy Knowler investigates after a poor family’s desperation to get a claim paid made headlines.
He was caught on camera earlier this month, bawling his eyes out when he saw the Bok squad at the start of their victory tour.
Khabazela shares tweets and Facebook posts that have gone viral.
Wits School of Economics and Business Science senior lecture Lumkile Mondi says the South African Airways crisis is self-created.
The economy is toast. Personal finance expert Warren Ingram shares 13 highly effective tips for making ends meet.