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Department of Economics and Finance took hands with alumni students in writing a book

01 April 2021 | Story Dr Nitha Ramnath | Photo Supplied

Personal finance authors_web read more — 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

New coach for Shimlas

2012-05-24

The University of the Free State (UFS) will soon fill a newly created position, namely that of Director of Rugby.

The successful candidate will, amongst others, be the head coach for the Shimla rugby team and will also be involved in the recruitment of young talent, the contracting of rugby players and certain obligations at the UFS/Cheetahs Rugby Academy.

This decision was taken during a joint brainstorming session between the university and the UFS Rugby Club about rugby at the university on Friday 18 May 2012. The performances of the Shimla team during the past Varsity Cup Series was also discussed. “The meeting took place in a good spirit and it is a hopeful sign to observe that the university is prepared to go out of its way to ensure that the Shimlas perform, particularly in the Varsity Cup”, said Mr Marius van Rensburg, Chairperson of the UFS Rugby Cup.

Mr Jaco Swanepoel, current Shimla coach, retains his position as Head Coach of Rugby at the UFS, as well as certain commitments to function more strongly within the junior rugby structures and to train coaches.

According to Mr Van Rensburg, the position will be advertised as quickly as possible. The successful candidate will also have to assume duty soon, because preparations for next year’s Varsity Cup have to commence around September this year.

“Shimlas is a high-profile is team with a proud history and a major role player in SA rugby; therefore we expect to receive good applications. The panel that has to make the appointment will, amongst others, consist of two former Shimla Springboks, a former Shimla/Cheetah player and a former Springbok conditioning trainer.

The restructuring of the management model of the UFS Rugby Club is also envisaged, which will also bring about certain changes to the club’s constitution.

Media Release
24 May 2012
Issued by: Lacea Loader
Director: Strategic Communication
Tel: +27(0)51 401 2584
Cell: +27(0)83 645 2454
E-mail: news@ufs.ac.za

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