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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

Agri-pedia a valuable tool for the farmer
2013-10-03

 

03 October 2013

Agri-pedia, an internet-based facility to assist the farmer in a whole array of topics, was launched at the university.

This ground-breaking new education tool was developed by die UFS in partnership with the private sector to bridge the gap between agricultural science and successful farming. Experience of more than a thousand years is pulled together in the project.

Topics vary from farm management and planning, market information, geographic information and maps, to beekeeping, flower production, the farm home and many more.

Prof Jonathan Jansen, Vice-Chancellor and Rector, said at the Agri-pedia launch it is a myth that education only happen in schools. At Nampo he was amazed to see the level of education on farms, done by farmers. “Another myth is that education is the task of government – there is a tardiness and lack of concern.

“You don’t change schools with government, but with partnerships. Agri-pedia will not be possible without partnerships.”

The launch of Agri-pedia happened against the background that food security in the world is under threat. About 840 million people are chronically experiencing malnourishment. Included in this figure are 200 million children under the age of 15 in the developing world. By 2020 nearly 70% of people suffering malnutrition will live in sub-Sahara Africa and in South Asia.

The agricultural sector must be assisted to shift from subsistence farming to sustainable food production and economic development.

For more information, visit www.agripedia.co.za or send an email to admin@agripedia.co.za.

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