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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

Manuel Castillo Book Prize goes to Prof Melanie Walker
2014-05-15



Prof Melanie Walker

Prof Melanie Walker from our Centre for Research on Higher Education and Development (CRHED) and Alejandra Boni from the Technical University of Valencia in Spain makes for a potent writing combination. Their book, Human Development and Capabilities: Re-imagining the University of the twenty-first Century, has won the 2014 Spanish Manuel Castillo Book Prize. This in the category of a Published University Research Monograph.

The aim of this prize is to stimulate academic, scientific and journalist research in the fields of cooperation, peace and human development. And this is precisely what underpins their book.

The content encourages the reader to re-imagine the role of the university and its potential for transformative ends. It urges the creation of better societies while acknowledging contemporary social and economic challenges. It shows how universities might advance human equalities and how these institutions can contribute to sustainable and democratic societies.

In her acceptance speech, Professor Walker noted that “the book is pioneering in its linking universities to human development in an age where globally human capital and economic growth approaches dominate higher education policy.” She noted that the human capital argument is by no means settled – an increased focus on economic growth only contributes to growing inequalities. “We hope the book will challenge and add to debating the purposes of universities,” Prof Walker said.

Not only was this trans-continental collaboration an intellectual and personal joy for Prof Walker, but it has served as a springboard to further research and more writing together with Alejandra Boni.


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