4 ways you can save up for lobola

accreditation
Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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.”

Support independent journalism
Get 14 days free to read all our investigative and in-depth journalism. Thereafter you will be billed R75 per month. You can cancel anytime and if you cancel within 14 days you won't be billed.
Subscribe
Already a subscriber? Sign in
Rand - Dollar
15.75
-0.6%
Rand - Pound
19.75
-0.6%
Rand - Euro
16.79
+0.1%
Rand - Aus dollar
11.12
+0.1%
Rand - Yen
0.12
-0.1%
Gold
1,845.65
-1.1%
Silver
21.87
-1.1%
Palladium
2,005.00
-0.2%
Platinum
945.50
-1.2%
Brent Crude
113.56
+0.1%
Top 40
61,176
0.0%
All Share
67,585
-0.2%
Resource 10
74,448
+0.1%
Industrial 25
72,681
+1.3%
Financial 15
15,434
-2.3%
All JSE data delayed by at least 15 minutes Iress logo
Company Snapshot