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.”