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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

SA-YSSP strengthens academic partnerships between countries
2014-11-17

 

Deputy Minister of Science and Technology, Zanele Magwaza-Msibi
Photo: Stephen Collett

Students from all over the world and all walks of life have come together at the Bloemfontein Campus to take part in the Southern African Young Scientists Summer Programme (SA-YSSP) hosted by our university.

This prestigious academic programme is an annual three-month education, academic training and research capacity development programme. The programme is presented in collaboration with the International Institute for Applied Systems Analysis (IIASA) as well as the National Research Foundation.

Dr Priscilla Mensah, Director of the SA-YSSP, says this programme’s Doctoral candidates are given the opportunity to advance their research under the direct supervision of senior scientists from South Africa and IIASA.

“In line with international trends in doctoral education, the SA-YSSP seeks to advance not only the discipline-specific research skills of the young scientists, but also equip and expose scholars to an array of additional competencies and skills required to be successful in knowledge-driven societies,” Dr Mensah says.

During her keynote address, Deputy Minister of Science and Technology, Zanele Magwaza-Msibi, praised the UFS for hosting this successful programme for the third year. “The success of this programme shows in the increase in applicants internationally but specifically in our SADEC regions.”

She said that solutions to the problems in the world require a wide variety of knowledge and integrated approaches to the unique challenges in different countries.

Deputy Minister Magwaza-Msibi also regards the SA-YSSP as a very successful platform to strengthen partnerships with countries.

 

 

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