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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

UFS honours many during Autumn diploma and graduation ceremony
2007-04-16

The University of the Free State (UFS) will award 797 diplomas and 2 633 degrees from 23-26 April 2006 during this year’s autumn diploma and graduation ceremony. Students from the Main Campus and Vista Campus will take part in the ceremony.   
 
Altogether 32 doctorates and two honorary doctorates will be awarded. The honorary doctorandi are Prof. Barend Johannes (Bannie) Britz and author Mr Khotso Pieter David Maphalla. 
 
On 26 April 2007 Prof. Britz will be honoured for his contribution to architecture when the degree D.Arch. (h.c.) will be awarded to him.
 
Mr Maphalla will be honoured for his contribution to the development of the Sesotho language and culture. He will receive the degree Ph.D. (h.c.) on 12 May 2007 during the graduation ceremony of the Qwaqwa Campus.
 
On 23 April 2007 at 08:30 altogether 497 diplomas will be awarded in the upgrading programmes of the School of Education in the Faculty of The Humanities, namely A.C.E, N.P.D.E. and C.E. At 14:30 on the same day 300 diplomas will be awarded to students from all the faculties.
 
On 24 April 2007 at 08:30 altogether 442 degrees and three doctorates will be awarded in the School of Education and at 14:30, 461 degrees and four doctorates will be awarded in the Faculty of The Humanities, excluding the School of Education.  
 
On 25 April 2007 at 08:30 altogether 296 degrees and one doctorate will be awarded to students in the Faculty of Economic and Management Sciences. This includes students in B.Acc., B.Admin., B.Pub., related honours degrees and all masters and doctors degrees. At 14:30 on the same day degrees will be awarded to 482 students from the Faculty of Economic and Management Sciences, excluding students in B.Acc., B.Admin., B.Pub., related honours degrees and all masters and doctors degrees.
 
On 26 April 2007 at 08:30 altogether 595 degrees, 19 doctorates and one honorary doctorate will be awarded in the Faculty of Natural and Agricultural Sciences. At 14:30 on the same day 357 degrees and five doctorates will be awarded to students in the Faculties of Health Sciences, Law and Theology.
 
Both the diploma and degree ceremonies will be held in the Callie Human Centre on the Main Campus in Bloemfontein.
 
Media release
Issued by: Lacea Loader
Assistant Director: Media Liaison
Tel: 051 401 2584
Cell: 083 645 2454
E-mail: loaderl@ufs.ac.za
16 April 2007

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