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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

2017 Matriculant of the Year wants to make the world a better place
2017-10-09

Description: '2017 Matriculant of the Year Tags: 2017 Matriculant of the Year

The group of 14 finalists for this year’s Matriculant of the Year
competition. 
Photo: Charl Devenish

To help others in need is what the University of the Free State (UFS) and Volksblad’s 2017 Matriculant of the Year winner, Elizabeth de Vries, strives for. De Vries, who will be studying medicine from 2018, wants to work for Doctors Without Borders one day. 

All South Africans should unite
in mutual respect and
embrace one another.


Also named Sparkling Personality 

At a recent gala dinner on the UFS Bloemfontein Campus, De Vries was not only named winner of this prestigious competition, but was also elected Sparkling Personality by all 13 of her fellow finalists. She is currently a pupil at St. Dominic’s College in Welkom, where she is head girl.

This year, 96 matriculants participated in the competition, from which 14 finalists were selected. 

Mutual respect important

In addition to achieving well academically, De Vries also performs well in sports and culture. She plays the violin and piano, and does ballet, plays hockey, and swims to ‘clear her head’. 

De Vries will be very welcome at Kovsies, where we strive for inclusivity. She believes that all South Africans should unite in mutual respect and embrace one another.

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