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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

Wayde sets 200m SA record, and is world’s fastest in 2017
2017-06-13

 

Description: Wayde sets 200m SA record, banner Tags: Wayde sets 200m SA record, banner

Wayde van Niekerk is in great form leading up to the World Championships
in London in August. Photo: SASPA

 

He was the first South African to break the 20-second barrier in the 200m, but for the past two years Wayde van Niekerk had to be satisfied that fellow countryman Anaso Jobodwana was quicker. Now the Kovsie athlete isn’t only the national record holder again – he also is the fastest man on the planet in the 200m in 2017.

After Van Niekerk ran a 19.90, the world’s fastest this year, when he won the South African title in Potchefstroom in April, the American Christian Coleman (19.85) improved on that.

Personal best and 0.06 seconds quicker than Anaso
However, Van Niekerk ran a 19.84 in the 200m at the Racers Grand Prix in Kingston, Jamaica, on 11 June 2017. This was 0.06 seconds quicker than his personal best, and 0.03 seconds better than Jobodwana’s national record of 19.87 at the 2015 World Championships in Beijing. Van Niekerk was the first South African to run under 20 seconds in the 200m when he did so two years ago in 19.97 in Lucerne, Switzerland.

Same pace a second time in a week

It was also the second time in a week that the 400m world record-holder ran an 19.84 in the 200m. This after he did it on a temporary built track at the Boost Boston Games on 4 June 2017. The race was run on a straight street course and was therefore not officially recognised as a record.

“This is definitely a positive step forward,” Van Niekerk said, according to www.iaaf.org. “I felt that I was in pretty good shape last week in Boston, I wanted to repeat that here (in Kingston).”

He seems to be in good shape leading up to his attempt to run a double, his favourite 400m and the 200m, at the World Championships in London, England, in August.


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