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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

UFS appoints Dr Derek Swemmer as Registrar
2010-09-30

Dr Derek Swemmer

The University of the Free State (UFS) has appointed Dr Derek Swemmer, current Registrar of the University of the Witwatersrand (WITS), as its Registrar.

Dr Swemmer, who is currently recognised as one of the most experienced, competent and outstanding registrars in South Africa, will join the UFS as from 1 October 2010. He was Registrar at WITS since 1995.

“I am enthusiastic at the thought of working at the UFS under its new leadership and in a time of change. This appointment creates the opportunity for me to assess the many existing practices of the UFS and to seek to enhance these based on my own experience at WITS,” he said.

Dr Swemmer started his academic career as a part-time student assistant at the University of Pretoria (UP) in 1974. He also taught at the Christ’s Hospital Public School in the United Kingdom and was a full-time lecturer in the Department of English at the University of South Africa (UNISA) until he joined WITS as Personal Assistant to the Vice-Chancellor and Principal in 1985.

Dr Swemmer holds a D Litt et Phil in English from the University of South Africa. He received numerous awards including the South African Golden Key International Honours Society Chapter Adviser of the Year in 2006 and 2008, an extraordinary second Certificate of Honour by the International Education Association of South Africa and the Golden Key International Leadership Council President’s Award.

Dr Swemmer chaired, amongst others, the WITS Issues Management Group and the WITS Crisis Committee; and was an Honorary Treasurer of the International Education Association of South Africa and an Honorary Secretary of the English Academy of Southern Africa.

He authored, co-authored and co-edited a number of text books, journals and magazines. He also delivered a number of papers at national and international conferences.

Dr Swemmer will be taking up the position as the single registrar of the UFS.

Media Release
Issued by: Lacea Loader
Director: Strategic Communication (actg)
Tel: 051 401 2584
Cell: 083 645 2454
E-mail: loaderl@ufs.ac.za  
29 September 2010
 

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