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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

Prof Andre Keet to chair Ministerial Oversight Committee on Transformation
2017-07-14

Description: Prof Andre Keet  Tags: Transformation, Higher Education, Oversight Committee, appointment 

Prof Andre Keet 
Photo: Stephen Collet

Higher Education Minister Dr Blade Nzimande has increased from seven to 10 the number of members of the Ministerial Oversight Committee on the Transformation in the South African Public Universities.

In a government gazette published on 7 July 2017‚ Dr Nzimande appointed new members of the committee for a three-year term to be chaired by Prof Andre Keet, Director of the Institute for Reconciliation and Social Justice at the University of the Free State (UFS). Prof Keet is a returning member of the committee alongside former University of Fort Hare chancellor Dr Mvuyo Tom.

The purpose of the Ministerial Oversight Committee on Transformation in South African Public Universities is to monitor progress on transformation in public universities‚ serve as an expert advisory body and provide independent and external advice to the minister and the department.

The committee has been given 11 tasks‚ chief of which is to study and evaluate transformation plans and charters of all universities. It is mandated to use this exercise as a basis for the development of a sectoral transformation charter. It is also tasked with reviewing the annual reports of institutions on transformation and producing an annual report on the state of transformation in the higher education sector.

Prof Keet’s appointment comes at a pivotal time when transformation at universities has been at the heart of many debates in universities, government and broader society. Prof Keet said: “It is an honour and privilege to serve the sector at this level and in this capacity.”

The university is proud to have in its ranks a leader of such calibre who has also spearheaded transformation initiatives at the UFS through the Institute for Reconciliation and Social Justice over the past six years.

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