In South Africa, women would marry in accordance with customary law and could not even structure a comprehensive financial plan inasmuch as they were relegated to the status of a perpetual minor. In fact, a woman could not acquire or own assets and could not inherit property from her deceased husband's estate. Some custom. Who could inherit? The eldest son, of course. But, that's all changed.
On November 15, 2000, the Recognition of Customary Marriages Act 120 of 1998 was passed and it immediately put wives on an equal footing with their husbands because the act gave recognition to all customary marriages, irrespective of whether they were contracted before or after November 15, 2000. It's taken a few years for it to filter down and to be understood.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access