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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

Disaster risk management centre of the UFS serves on UN specialist committee

2015-06-26

Dr Andries Jordaan
Photo: Supplied

The Director of the Disaster Management Training and Education Centre (DiMTEC) at the University of the Free State, Dr Andries Jordaan, has been invited to serve on a UN special committee by the Secretary-General of the United Nations.

Dr Jordaan took part in the Expert Workshop on Climate Resilience in Geneva, Switzerland, on 22-23 June 2015.

In preparation for COP 21, which takes place later this year in Paris, the United Nations must draw up a situation report for a universal climate agreement between all the world’s nations. In order to advise the United Nations and the Secretary-General, and to prepare for the UN’s resilience initiative that will be launched during this important international gathering, a small team of approximately 20 experts and scientists from all over the world have been chosen to review the concept of the project. This group of experts will help to revise the original concept for the project.

According to Dr Jordaan, the Sectretary-General of the UN will be launching a ‘resilience initiative’ that is aimed at promoting resilience in climate-related risks.

Jordaan says it is an honour for him to represent the UFS and DiMTEC on such a specialist committee. “For me, it is recognition of the contribution we make in Africa and the world to disaster risk and climate adaptation,” he says.

DiMTEC is proud to be at the forefront of disaster management training in Africa. The centre has close ties with institutions of the United Nations, such as UNU-EHS, UNU-Flores UNOOSA, UNSPIDER, UNEASCO, UNEP, UNCCD, UNISDR and UNDP, among others.

DiMTEC strives to inform the public about disaster risk reduction through education. The centre’s master’s and post-graduate degrees in disaster management, as well as short courses and research, are of the highest standard.

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