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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 hosts final ANC Centenary Seminar for 2011
2011-11-28

 

Prof. Benjamin Turok speaking about the Evolution of Economic Policy Thinking.
Photo: Henco Myburgh

The African National Congress (ANC) government is faced with the dilemma of an inherited distorted economy. Subsequently South Africa has the most unequal society in the world. That is according to Prof. Benjamin Turok, head of Political Education for the ANC in Parliament. Prof. Turok spoke at an ANC Centenary Dialogue at the Bloemfontein Campus of the University of the Free State (UFS) on 23 November 2011.

 
Delivering the last lecture of the year in a series of dialogues about the ANC, Prof. Turok said it was hard to swallow that after 100 years there is still inequality. This for a party whose essence is the notion of sharing, as set out in the Freedom Charter.  Prof. Turok told the audience in a packed Odeion Theatre that the ANC Centenary provided a moment of reflection. “If we neglect the poor and uneducated and do not interfere and direct investment, we will always have inequality.”
 
Talking about youth unemployment, Prof. Turok said that no society can live in peace if young people are not employed. He said that he welcomed the energy the ANC Youth League has put in economic policy, but would like to see a youth league economic policy that is scientific.
 
The ANC Centenary Dialogue series has been hosted by the Centre for Africa Studies and will continue on 15 February 2012.

 

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