On The Money chats about Marriage Regimes in South Africa

South Africa recognises three different marriage regimes: civil marriages, civil unions, and customary marriages. In this episode of the “On The Money” podcast series, John Manyike, Head of Financial Education at Old Mutual, sits down with attorney Bianza Liesering and “Anonymous” who shares her personal experience of being in a customary marriage and the impact it had on her financially. We hear from Bianza on how a customary marriage is recognised legally in South Africa and she explains:

how antenuptial agreements impact a marriage,
when antenuptial agreements should be drawn up and signed,
and what people should take into account before getting married in South Africa.

Learn more about the On the Money programme from Old Mutual: https://www.oldmutual.co.za/personal/...

0:07 Introduction to the topic and our guest speakers
4:45 The issue of discussing finances in a relationship and the gender dynamics
9:02 Initiating the discussion around marriage and lobola
13:23 What happened post-separation and the importance of knowing the laws around different marriage regimes in SA
16:55 What happened when Anonymous was served with divorce summons
21:45 What is the legal status of a customary marriage? And how would an antenuptial contract impact it?
22:52 When should an antenuptial contract be drawn up and signed?
23:15 Why does signing an antenuptial contract become more expensive and complicated after getting married?
25:23 What are the legal requirements for a customary marriage to be valid?
27:23 What is common law marriage and does South Africa recognise it?
33:51 What should people take into account before getting married in South Africa?
35:56 A final piece of advice from Anonymous on customary marriage and lobola
37:24 Closing

#OnTheMoney #FinancialEducation