Peggy-Sue Khumalo is a well-known South African businesswoman who is currently the Chief Executive for the Wealth division at Standard Bank. Peggy-Sue Khumalo was crowned Miss South Africa in 1996. She is also recognized for her work as a philanthropist and women’s rights activist.
In 2019, Peggy-Sue Khumalo lost her husband, veteran broadcaster Xolani Gwala, to colon cancer. The couple had been married for several years and had two children together. Despite the tragedy, Peggy-Sue Khumalo has continued to excel in her career and has become a role model for many young women in South Africa.
Age, Early Life and Education
Peggy-Sue Khumalo was born on December 7, 1972, in Newcastle, South Africa. She grew up in a humble background and her family struggled to make ends meet. Despite the financial challenges, Peggy-Sue was determined to succeed and worked hard to achieve her goals.
She attended the University of KwaZulu-Natal where she obtained a Bachelor of Commerce degree. Peggy-Sue later went on to pursue a postgraduate degree in Business Administration at the University of the Witwatersrand.
During her studies, Peggy-Sue was an active member of various student organizations and was involved in community service projects. She also participated in beauty pageants and won the Miss South Africa title in 1996.
Peggy-Sue’s academic achievements and involvement in extracurricular activities laid a strong foundation for her future career in the banking industry.
Peggy-Sue Khumalo was married to veteran broadcaster Xolani Gwala. The couple tied the knot in a private ceremony, and details of their wedding are not known to the public.
Xolani proposed to Peggy-Sue at his 40th birthday party in Impendle, KwaZulu-Natal in South Africa. They were together for many years and had a strong bond. Peggy-Sue often spoke about how much she loved Xolani and how he was her soulmate.
Sadly, Xolani passed away on November 1, 2019, after a battle with colon cancer. Peggy-Sue was devastated by his death and sobbed as her final love letter to him was read out. In the letter, she called Xolani the love of her life and said that he showed her the kind of love that dreams were made of.
Peggy-Sue Khumalo has had an illustrious career in the banking industry. She has worked for some of the most prestigious banking institutions in South Africa, including Investec and Standard Bank. In June 2012, she was appointed an Executive in Investec South Africa. After her longstanding career at Investec, she was appointed as the CEO of Standard Bank’s wealth division in South Africa.
As the CEO of Standard Bank’s wealth division, Peggy-Sue Khumalo oversees a team of professionals who manage the wealth of the bank’s high net worth clients. Her leadership skills have been crucial in ensuring that the division is profitable and that clients receive the best possible service.
Peggy-Sue Khumalo is not only a successful banker but is also passionate about giving back to her community. She has been involved in various philanthropic activities over the years, including the Nelson Mandela Foundation, the Ubuntu Education Fund, and the Tomorrow Trust. She is also a member of the board of directors of the South African Ballet Theatre.
Peggy-Sue Khumalo’s dedication to community involvement has not gone unnoticed. In 2010, she was awarded the Women in Leadership Award at the Oliver Empowerment Awards. She was also a finalist in the Business Woman of the Year Award in 2011.
Net Worth and Salary
Peggy-Sue Khumalo is a successful businesswoman and has amassed a considerable net worth over the years. According to various sources, her estimated net worth is around $800,000 or 12 million Rands as of 2023.
Khumalo’s net worth comes from her successful career in the banking industry. She is currently the Chief Executive Officer of Standard Bank Wealth division in South Africa. Her leadership skills and expertise in the field have contributed significantly to her financial success.
In terms of her salary, Peggy-Sue Khumalo has a take-home salary that is valued at $58K-$65K. This information has been reported by multiple sources and is believed to be accurate.