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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

New conductor of OSM Camerata is one of South Africa’s most successful young people
2014-03-27

 
Mr Xavier Cloete

The OSM Camerata at the University of the Free State boasts with a young renowned conductor to lead them in the next season.

Mr Xavier Cloete, winner of the 2013 National Len van Zyl Conductor’s Competition, will conduct the Camerata during the Odeion School of Music’s opening concert.

He completed his BMus degree at the University of Stellenbosch in 2011 with bassoon and orchestral conducting as main instruments and is currently employed by the KwaZulu-Natal Philharmonic Orchestra (KZNPO).

As winner of the Len van Zyl Competition, he completed a conducting internship with the famous Philadelphia Orchestra, which gave him the opportunity to work with acclaimed conductors. He also studied at the Bienen School of Music (Northwestern University) in the Advanced Graduate Conducting Class of Prof Victor Yampolski.

Last year Xavier was also invited to attend the first Sasha Mäkilä International Master Classes in Finland.

His love and passion for music started early in his life – and somewhat coincidentally - in church.

“I was learning to play a few hymns on my dad’s Hammond organ at home. One Sunday our church organist didn’t turn up and I nonchalantly moved in behind the organ. It went very well.”

Xavier ascribes his success to lots of hard work and his love for music.
“My passion for music drives me to work hard. Hard work shows that you are dedicated and this is again seen in the successes you achieve. The reward of one’s hard work is the best instrument.”

He will be making his international debut with the St Michel’s City Orchestra (Finland) during April 2014.


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