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What does failure mean when your life has been shaped by loss, resilience and the quiet strength of women who refused to break? For Peggy-Sue Khumalo, failure has never been an ending. It has been a teacher. From growing up in Newcastle in KwaZulu-Natal, watching her mother sacrifice education to survive, to navigating boardrooms in one of the most male-dominated industries in the country, Peggy-Sue’s story is one of courage forged in hardship. A story where faith, grief, leadership and reinvention collide. In this deeply moving episode of Cheers to Failure, Peggy-Sue opens up about growing up in a multiracial family during apartheid, the generational resilience passed down by the women who raised her, and how early exposure to struggle shaped her relationship with failure. She speaks candidly about corporate leadership as a Black woman in financial services, the invisible burdens of having to constantly prove yourself, and the quiet moments where power is reclaimed, including the day she decided she would no longer be “the one who pours the tea”. But this conversation goes further. Peggy-Sue vulnerably unpacks one of the most painful chapters of her life: leaving a role she loved, stepping into a new executive position while her husband was battling cancer, and ultimately losing him while trying to hold her family, her career and herself together. This is a conversation about grief, faith, identity, public judgment, and the courage it takes to walk away, return home and begin again. In this powerful episode of Cheers to Failure, Peggy-Sue shares: ◽ Growing up in poverty and watching women carry entire families ◽ How her mother’s sacrifices shaped her resilience ◽ Redefining failure as a source of wisdom, not shame ◽ Navigating corporate leadership as a Black woman ◽ The subtle failures women face in boardrooms ◽ Losing her husband while leading in a high-pressure executive role ◽ Faith, anger and the conversations she had with God ◽ Protecting herself and her children from public judgment ◽ Knowing when to return the access card and walk away ◽ The courage it took to go back “home” to Investec ◽ Reinvention from beauty queen to banker ◽ Why heart matters in capitalism ◽ What she now knows about herself after everything she’s survived This episode is about resilience that doesn’t shout. Courage that doesn’t perform. And the quiet strength of choosing to rise, again and again, even when life has taken almost everything. If you have ever questioned your strength, your faith or your ability to start over, this one is for you. 👇 Timestamps 00:00 Redefining failure 02:00 Childhood, sacrifice and resilience 06:30 Growing up in Newcastle 09:00 Early lessons from her mother 12:00 Entering corporate boardrooms 14:20 Subtle failures women face at work 16:00 Leaving comfort for growth 18:40 Losing her husband 21:00 Faith, anger and grief 24:00 Holding her family together 27:00 Public judgment and privacy 30:00 Knowing when a role no longer fits 34:00 Returning home and rebuilding 38:00 Leadership, culture and courage 42:00 COVID, inequality and leadership 46:00 Reinvention and identity 52:00 From Miss SA to banking 57:00 Education, mentorship and purpose 01:02:00 Leading with heart 01:05:00 What she knows about herself now 🎧 Prefer to listen? Find the episode on Spotify, Apple Podcasts and all major platforms. 🔔 Subscribe for more conversations that prove failure is never final when purpose leads. #cheerstofailure #peggysuekhumalo #resilience #leadership #womeninbusiness #faithandfailure #reinvention #griefandgrowth #southafricanstories #blackexcellence #courage #purpose #leadershipjourney