Funny Fridays

New Credit Act on Lobola

TO ALL MEN CONSIDERING MARRIAGE AS AN OPTION (& WOMEN DYING TO GET MARRIED):

If you are already married, it's too late. You have already been ripped off; from 1ST July 2008 women should be affordable to ordinary man on the street. Every man can afford to have a wife.

Here's proof:

Assuming a life expectancy of 75 years and that a woman's ideal age of marriage is 25 years; a woman is expected to live for 50 years after the date of marriage? Assuming the value doesn’t depreciate of-course.

Some financial implications: Lobola is usually R20 000?

Meaning for 50 yrs period of marriage a man pays R20 000.

Now let's look at the short term as proposed by government Lobola Regulatory Body (LRB) and endorsed by the Congress of Traditional Leaders of South Africa (CONTRALESA).

If 50 yrs is R20 000.00, then 10 yrs = R4000

1 yr = R400

1/2 yr = R200

1 month = R34

1 week = R8.50

1 day = R1.20 cents

Heyi Madoda! Only R8.50 a week!!! ..One can even afford more than one wife!

Then WHY PAY THE WHOLE AMOUNT UPFRONT WHEN YOU CAN PAY AS YOU GO...

And imagine how much you can save in case of divorce!

N.B. Please note that this is not the opinion of the sender, but government's initiative to curb unnecessary rip-offs of clients under the New Credit Act.