Money on a Monday: How lobola negotiations and customary marriages

Good Morning Cape Town with Lester Kiewit

Lester Kiewit speaks to Hopewell Sathekge, Director at STBB Attorneys, about the impact of lobola negotiations and customary marriages on homeownership in South Africa. They discuss how marriages governed by the Recognition of Customary Marriages Act, typically "in community of property," affect legal and financial responsibilities, particularly when applying for joint home loans. Hopewell provides insights into the steps couples should take before purchasing a home to understand the implications of their marriage contract, and how assets, including property, are divided in cases of divorce or death under customary law.

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