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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

Mandela Day celebrated with R5 coin laying

2012-07-09

On 18 July 2012, the University of the Free State (UFS), in partnership with Pick n Pay Hyper in Bloemfontein, will celebrate Nelson Mandela Day with a special R5 coin laying ceremony.

The festivities kick off at 12:00 on the Red Square at the Bloemfontein Campus.

Emeritus Archbishop Desmond Tutu will make a special appearance at this event and also deliver a short message.

Schools in the vicinity, UFS staff and students and the public are invited to take part in the coin laying ceremony.

Ms Marissa van Jaarsveld, the coordinator of the Nelson Mandela Day celebrations at the UFS, says the money collected at the event will be used to benefit the No Student Hungry (NSH) campaign, as well as Bloemfontein Child Welfare. NSH is an organisation on the Bloemfontein Campus that provides food bursaries to hungry students with good academic records.

Requests have been sent to schools to collect R5 coins for the event and representatives from the schools will attend the coin-laying.

These schools will be acknowledged for their contributions and there are prizes up for grabs for the primary and high schools that collect the most money.

Learners will deposit their coin contributions during the 67 Minute programme of giving back to the community and they will take part in fun activities. Participating schools are encouraged to be as creative as possible when handing over their R5 contributions.

On the day, there will also will be people with tins at the main entrances to the university for those who want to make a contribution.

The NSH-campaign will also show its support for eradicating world hunger on this day by helping Pick n Pay Hyper in Bloemfontein to package food parcels for the Stop Hunger Now campaign. The packaging of the food parcels will also take place at the UFS.

Members of the public and the media are invited to attend the festivities.

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