for subscribers

4 ways you can save up for lobola

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

Johannesburg – It makes sense to start saving for lobola early to allow yourself enough time to earn returns, according to Alexander Forbes financial wellbeing consultant Happy Ngale.

“Lobola is an African practice involving provision of payment - either in cash or cattle - from the prospective groom’s family to the parents of the prospective bride for customary marriage,” explained Ngale.

“It is a token of appreciation and respect to the parents of the bride and a way of building relations between the two families. It is only through payment of lobola that a couple is considered married.”

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in
ZAR/USD
16.33
(-0.06)
ZAR/GBP
21.08
(-0.04)
ZAR/EUR
19.33
(-0.03)
ZAR/AUD
11.90
(-0.03)
ZAR/JPY
0.16
(-1.15)
Gold
1949.72
(+0.03)
Silver
26.74
(+0.09)
Platinum
928.80
(+0.44)
Brent Crude
43.52
(-0.32)
Palladium
2356.01
(+0.63)
All Share
54673.65
(-0.66)
Top 40
50399.16
(-0.59)
Financial 15
9841.32
(-2.14)
Industrial 25
72558.00
(-1.08)
Resource 10
55438.10
(+0.58)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 1297 votes
It depends on how the funds are used.
73% - 8622 votes
No. We should have gotten the loan elsewhere.
16% - 1898 votes
Vote