Maluleke was key to Rise and Shine's best-ever sixth-place finish in the Premiership last season, netting seven goals and providing as many assists in 28 starts from midfield.
The 35-year-old put on another classy display in his side's narrow 1-0 defeat to Cape Town City in the MTN8 quarter-finals on Saturday afternoon.
"Jabu is a good player, he is a a team player," Molekwa said after his team's loss at Cape Town Stadium.
"We are trying by all means to keep him as fresh as we can. Age is not on his side but he's got the heart. He is a player that is important for the club and we are trying to ensure that he plays all the games."
Molekwa, however, hopes to bolster his playing options shortly.
"Obviously we still have two weeks, with that we would have played three or four games before the window closes. There are still one or two players that we are expecting to beef up our squad. I think we still need a striker and also one defender."
Meanwhile, Molekwa was not too disheartened after Sibusiso Mbonani's own goal cruelly decided matters in the Mother City.
"As Polokwane City we came here with a game plan, and I think it worked. We were unfortunate that we lost this game through an individual mistake. There was a miscommunication with defender Mbonani and [goalkeeper] George [Chigova]. He tried to head the ball to George, unfortunately George was out of position and it went in. I still thought he could have done better, got the ball away, [but] it is football, it happens. Maybe a lesson as well, next time he knows he has to clear the ball as a defender.
"Overall Cape Town City did well. They put us under pressure, we put them under pressure. We could have scored one or two. There were one-on-ones with Puleng Tlolane, the keeper [Shu-Aib Walters] saved them. But I think we can build from this performance."
Molekwa's men will open their 2017/18 league campaign against Limpopo rivals Baroka at Peter Mokaba Stadium this Saturday (15h00).