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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

Ms Oprah Winfrey receives an honorary doctorate from the UFS
2011-06-24

 

Dr Oprah Winfrey after receiving her honorary doctorate degree.
Photo: Rian Horn 

Our university awarded an honorary doctorate in Education to global media leader and philanthropist Ms Oprah Winfrey on Friday 24 June 2011.

The honorary doctorate is in recognition of Ms Winfrey’s unparalleled dedication to improving the lives and futures of so many by improving education and ensuring that it is accessible to all. Through her award-winning show, The Oprah Winfrey Show (which concluded this year after 25 years of entertainment and service) and the various charity organisations she has established, Ms Winfrey harnessed the power of her iconic stature in the struggle to eradicate poverty and make education accessible to all.

The Callie Human Centre on our Bloemfontein Campus, where the award ceremony took place, was packed with an excited audience consisting of students, staff, members of the public and special guests. After receiving her honorary doctorate, Ms Winfrey addressed the audience and gave students the opportunity to ask her questions. During the ceremony, entertainment was provided by acclaimed musicians such as the internationally lauded award-winning singer Sibongile Khumalo, the Botshabelo String Orchestra, the Bloemfontein Children’s Choir and the choir of the Bartimea School for the Deaf and Blind.

Tickets for this event – attended by 4 500 people – were sold out within hours, confirming the respect and support South Africans have for Ms Winfrey’s work in Africa and internationally. While at our university, Ms Winfrey also visited our International Institution for Studies in Race, Reconciliation and Social Justice. The awarding of Ms Winfrey's well-deserved honorary doctorate is another milestone in our university's proud history.

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