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01 April 2021 | Story Dr Nitha Ramnath | Photo Supplied
Back: Dr Nico Keyser (editor), Dr Ivan van der Merwe. Front: Minette Weideman (Portfolio Manager at Levevis Investment and Consulting Services), Melanie Ferreira (Business Development Manager at Allan Gray), Dr Cecile Duvenhage (editor) and Lizelle Jansen van Rensburg (Lecturer). Dr Jesse de Beer (Lecturer at University of Namibia) was absent.

Two lecturers from the Department of Economics and Finance at the University of the Free State (UFS) teamed up with alumni – who were once students in their department – to write a book on personal finance. This book is the latest hands-on application of the theory in practice.

“From the book it is evident how our alumni – who once were learners – became educators and contributed to teaching and learning,” says Dr Cecile Duvenhage, Lecturer in the Department of Economics and Finance, about the book Personal Finance. The desire to write this book stems from previous studies done by Dr Duvenhage and Dr Nico Keyser, Senior Lecturer, on the financial literacy levels among young adults. 

One such study was published in the Journal of Psychology in Africa (29(4):460-465). According to the study, young adults lack the basic understanding of financial aspects. Theory can be learned by heart, but the understanding and execution of well-informed financial decisions need to be addressed. Thus, the book was written in such a way that it is easy to understand, and with the aim of changing financial behaviour and attitude in a positive manner. The book provides useful websites and appendices for additional information and reading, and is aimed at the man on the street, researchers, and practitioners. 

Acording to the authors, during the writing of the book in 2020, new challenges arose, including the dramatic impact of COVID-19 on the financial market, and these aspects were included during the final stages and editing of this book. 

“Why personal finance? ‘Money makes the world go round’, the saying goes. Good financial decision making has a positive influence on overall well-being, allowing people to maximise their opportunities and lead more fulfilling lives. Personal finance teaches individuals financial skills so that they can manage their money better. The subject, Personal finance, is an interdisciplinary subject and encompasses many areas and core topics such as decision making, cash-flow management, savings, credit, debt, housing, and planning for the future.” 

Personal Finance (first edition) was published by Van Schaik Publishers and has been available from leading bookshops since the end of December 2020.  All chapters were critically reviewed by three (3) university lecturers and a qualified editorial panel.

News Archive

Reitz residents given time until 30 July 2008 to evacuate residence
2008-06-06

The Acting Rector of the University of the Free State (UFS), Prof. Teuns Verschoor, today informed the UFS Council about his decision to close the Reitz Residence.

Council requested management today during its quarterly meeting to take any reasonable steps to minimise the inconvenience of the residents who are affected by the closing of the residence. This includes the finding of alternative accommodation and their academic work.

The residents have been requested to evacuate their rooms no later than the day following the last day of the second examination opportunity of the first semester, namely 30 July 2008.

Although the residence will therefore close on 20 June 2008, the UFS has given residents the opportunity to evacuate the residence up and until 30 July 2008.

According to Prof. Teuns Verschoor,  the decision was made in consideration of suggestions by the Council, Student Representative Council, primes of residences, other stakeholders, the parents of residents as well as the first-year students in the residence. .

The special committee appointed to assist residents with finding new accommodation requested the residence head to provide it with the names of students who are in need of accommodation. The committee has already found alternative accommodation for students on campus as well as within walking distance from the campus and will approach these students with suggestions.

Media Release
Issued by: Lacea Loader
Assistant Director: Media Liaison
Tel: 051 401 2584
Cell: 083 645 2454
E-mail: loaderl.stg@ufs.ac.za
6 June 2008

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