Lehlohonolo Mofokeng on legacy, shared knowledge, and preparing your family for the future
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Building something for your family is meaningful but making sure it lasts beyond your lifetime takes planning and intent.
In this episode of On the Money, entrepreneur Lehlohonolo Mofokeng joins Old Mutual’s Financial Education Programme Manager, Thabo Hollo, to unpack why so many South African family businesses and income streams collapse when the person who built them is no longer there to lead.
From corner shops where only one person knew the ropes to households where financial decisions live with a single parent, Lehlohonolo reflects on the power of sharing knowledge early so the next generation can continue what you’ve started. It’s a practical, honest look at what legacy really requires.
Thanks for listening! Interested in getting more financial education? Visit our website for free resources. You can follow us on X, Facebook, Instagram, TikTok, and YouTube.
In this episode of On the Money, entrepreneur Lehlohonolo Mofokeng joins Old Mutual’s Financial Education Programme Manager, Thabo Hollo, to unpack why so many South African family businesses and income streams collapse when the person who built them is no longer there to lead.
From corner shops where only one person knew the ropes to households where financial decisions live with a single parent, Lehlohonolo reflects on the power of sharing knowledge early so the next generation can continue what you’ve started. It’s a practical, honest look at what legacy really requires.
Thanks for listening! Interested in getting more financial education? Visit our website for free resources. You can follow us on X, Facebook, Instagram, TikTok, and YouTube.
Chapters
- 00:00 Introduction: Welcome to Old Mutual On The Money.
- 00:41 Lehlohonolo’s Background & Entrepreneurial Roots.
- 02:10 Family Influence on Entrepreneurship.
- 03:21 Growing Up Around Business.
- 05:21 Early Money Lessons & Street Cred.
- 07:07 Respecting Money & Saving Habits.
- 09:35 The Importance of Saving (COVID Lessons).
- 10:00 Township Economy – Opportunities & Growth.
- 12:38 Legacy & Continuity in Business.
- 14:53 Diversifying Beyond Township Businesses.
- 18:42 Lessons from COVID & Thinking Outside the Box.
- 21:17 Debt Management – Negotiation & Recovery.
- 24:18 Insurance Awareness in Township Businesses.
- 28:24 Teaching the Next Generation About Money.
- 30:30 Mutla Holdings – Rebuilding & New Ventures.
- 33:54 Scaling Up & Serving Different Markets.
- 34:11 Closing Thoughts & Key Takeaways.
