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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

Short course in Applied Conservation Genetics developed at UFS

2014-08-22

Photo: en.wikipedia.org

During discussions with stakeholders in Kenya in 2013, a need was identified for training in conservation genetics with an African emphasis. In answer, Prof Paul Grobler from the Department of Genetics developed a short course in Applied Conservation Genetics.

Some of the phenomena studied in this field include:
• hybridisation between species such as blue wildebeest and black wildebeest,
• wildlife poaching and
• potential inbreeding in small game-farm populations.

From the onset, the course has been developed as an international venture. To this end, Dr Frank Zachos from the Natural History Museum in Vienna, Austria, committed himself to the project. Dr Jamie Roberts from the Department of Fish and Wildlife Conservation at Virginia Tech University in the USA also came on board. Both pledged their time and expertise to the course – without any financial gain.

Subsequently, our Department of Genetics presented this short course at the National Zoological Gardens (NZG) in Pretoria earlier this year. The team of presenters included Prof Grobler, Dr Zachos and Dr Roberts. They were joined by Dr Desire Dalton from the Research Division of the NZG, who added valuable practical experience to the presentations.

The course assumes a degree of prior knowledge of population and molecular genetics. A strong emphasis is placed on practical applications. The programme includes a strong component of statistics and hands-on training in the many approaches and software used in population genetics.

The group that attended the course included a contingent from the Namibian Ministry of Environment and Tourism, Dutch postgraduate students currently working at the University of Johannesburg and delegates from across South Africa.

This successful meeting followed an experimental first round of the course presented in Nairobi during 2013, attended by representatives from Kenya, Malawi, Nigeria, Mexico and Belgium.

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