Last week, I did a radio interview on how to deal with financially abusive relationships, and I realized that a majority of people get into relationships but hardly ever talk about how they will manage their finances as a unit.

From the time you say ‘yes’, the next question should be what marriage contract will you enter into. Unfortunately, many couples don’t discuss all the options available to them.

I think it’s difficult to have this type of conversation because essentially, it means you need to talk about money and the dissolution of marriage and no one wants to talk the possibility of a marriage ending even before it starts!


I remember going for pre-marital counselling at our church and my priest telling us that we ought to get married in community of property and to speed up the process, we lied and said we will be getting married in community of property! Bless his soul, but my husband and I had talked through all the options and the best one for us was out of community of property. Priests are not financial experts so rather get good advice about the most important contract you will ever sign.


So, before you walk down the aisle, you have to discuss which option suits the both of you best. Here are the types of contracts you can choose from:



In community of property – this is a default matrimonial property system in South Africa, which applies when a couple getting married does not choose to conclude an ante-nuptial contract. This is a system where all assets and liabilities of either spouse, acquired before and after the marriage falls completely in the joint estate and the spouses own assets in equal undivided shares and are equally liable for all their debts and liabilities.

Therefore, each spouse has equal management of the joint estate, although consent might be needed by a spouse to enter into certain transactions.


Out of community of property – firstly, to be married in terms of this system one needs to conclude an ante-nuptial contract (known as an “ANC”) in the presence of a notary public prior to entering into the marriage.

The ANC will then have to be registered in the office of the registrar of deeds within three months of conclusion thereof. This system offers two options, namely, with or without the accrual system.

Note that if you do not conclude an ANC, bringing it up on the day when you sign with Home Affairs is too late.


Out of community of property without the accrual system – in terms of this system, the spouses retain all their assets and liabilities acquired before the marriage and will also remain the sole owners of any assets acquired after the conclusion of the marriage and remain liable for all debts acquired after the conclusion of the marriage.


Out of community of property with accrual system – this system is essentially similar to a marriage in community of property without the accrual system. The difference becomes noticeable only upon death or divorce. In this system the parties must elect an initial value of their assets as at commencement of their marriage which value will be recorded in the ANC as such. The value can be the actual value of assets/estimated or the spouses can elect to commence with a nil balance of their assets. Upon the dissolution of the marriage, a new calculation of the value of the assets will be made and the commencement value will then be subtracted from this value. The estate with the higher accrual must then pay over half the difference of the net accrual of each estate to the estate with the lesser accrual, unless otherwise provided for in the Antenuptial Contract.



Mpho’s estate has a commencement value of R200 000 and Jabu’s estate has a commencement value of R100 000. At the dissolution of the marriage, Mpho’s estate has increased in value to R300 000 and Jabu’s estate is R 400 000.

Mpho’s estate has accrued by R100 000 (R300 000 less R200 000) and Jabu’s estate by R300 000 (R400 000 less R100 000). The difference between the two accruals is R200 000 (R300 000 less R100 000). The estate with the higher accrual, Jabu’s, must then pay half the difference, R100 000 (R200 000/2), to the estate with the lesser accrual, Mpho’s. The net effect will then be that both Mpho and Jabu’s estates will have increased by R200 000.


The options are available; look at both the advantages and disadvantages of each and choose what works for you.


Tribe, what contract did you go with and why? 


This article first appeared in City Press.


Leave a Reply

Your email address will not be published. Required fields are marked *

2 thoughts on “Marriage & Money

  1. I am yet to decide on which one to sign. Another thing that I believe people don’t understand about “out of community of property” is the fact that you are also protected if your partner goes bankrupt, none of your asserts as an individual will be affected. But I’ve seen most people only look at the negatives by thinking a partner may not love them if they decide to sign an antineptul agreement and this is far from the truth.
    Thanks also for separating finances and Christianity/counselling, pastors are not financial advisors and we should not even spiritualise it👐.
    Insightful article 👏

    Posted on May 2, 2019 at 9:41 am
  2. I lived with my partner for 8 years. He owns his house and bought it before our meeting. I had always hoped he would sell or move to a place we had chosen, but we still had not decided (he still has excuses). I do not pay rent. I’m about to leave, but every time I say it, he says I owe him money or he takes me to court. So I stay. He also adopted our dog in his name and threatens to keep it / will not transfer the license to me, even if I pay half of the vet’s bills and so on. If I pay half of my salary for student debt, it destroys me. Even without these debts, I do not know how to afford an apartment without using my savings. I never promised him money or arranged for accommodation. Is it a financial abuse?
    Btw your blog will help me a lot to share some useful posts on my blog 🙂

    Posted on June 28, 2019 at 12:12 pm