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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

Kovsie champ makes SA Paralympic swimmers team

2015-06-05

Johann van Heerden
Photo: Supplied

Johann van Heerden will fly the Kovsie flag high in this year’s International Paralympic Committee (lPC) Swimming Championships in Glasgow. The University of the Free State first-year BEd student is one of 10 South Africans representing our country.

According to the South African Sports Confederation and Olympic Committee, 640 swimmers from about 50 countries are to plunge and stroke their way to the touch plates from 13-19 July.

“I first started swimming because I had a fit when I was born and it caused me to have Cerebral Palsy. My parents thought that, because my right-hand-side functioning was not good, swimming might help strengthen my muscles,” said Johann.

His parents played a major role in influencing the beginning of his professional swimming career.

Lauren van Heerden, Johann’s father, said, “I am so excited for him, and I am proud that he will be representing our country overseas. It is a big competition so it is a good experience for him.”

Qualifying for the IPC championships has proved that hard work pays off. As his coach, Mark Markgraaff, puts it: “Johann must go out there and have fun, most importantly; he will reap the benefits of his hard work.”

It is not only his parents and coach that Johann has made proud; Hetsie Veitch, Assistant Director of the Unit for Students with Disabilities, also expressed how proud she is.

“Since I’ve known him, he has been a very determined young man who is dedicated to his sport.”

The Rio Paralympics is where Johann envisions being next year.

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