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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

Renewable energy systems an economical investment for the UFS
2017-06-14

Description: Renewable energy  Tags: Renewable energy

The Qwaqwa Campus Arena equipped with freestanding
roof solar panels.
Photo: iFlair Photography

Renewable energy systems are said to be very expensive to implement initially, but in the long run they provide high economic returns.

With their decision to install renewable energy, the University of the Free State Department of Facilities Planning has now also adopted this innovative technology. They have chosen less capital-intensive solar power-generating options to generate electricity in various buildings and parking areas on all three UFS campuses.

“As per the UFS Energy Management Policy, all designs incorporate efficient, renewable energy sources varying from LED lights to solar power,” says Anton Calitz, Electrical Engineer in University Estates’ Department of Facilities Management.

South Campus taking the lead in renewable energy usage
In December 2016, a total of 26 solar-driven LED street-light poles were installed at the recently built Legae Residence’s parking area and the perimeter security area on the South Campus. This low-maintenance system improves security after dark and is independent of the national power supply, which is an important advantage during power outages. With no requirements for major earthworks and cable setting, operational costs are reduced.

The recently built infrastructure also takes pride in being the first to have a greywater system installed.  This system will also be installed at three other residences on the Bloemfontein Campus in 2017. Greywater is made up of bath, shower, and bathroom sink water. The water is reused for toilet flushing, as well as for irrigation purposes.

Various UFS electrical operations to depend on solar power
On the Bloemfontein and Qwaqwa Campuses, the computer laboratories as well as the Thakaneng Bridge Student Centre and the projected Afromontane Research Centre will be equipped with freestanding roof solar solutions during 2017. These systems are designed to operate independently of the power grid (Eskom).

The systems only operate during sunlight hours when the PV solar panels are heated by the sun, making them suitable for operations such as ventilation fans, water pumps, and small circulation pumps for solar thermal water-heating systems.

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