Latest News Archive

Please select Category, Year, and then Month to display items
Previous Archive
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 establishes Centre for Education Development
2007-09-26

At its meeting on 14 September 2007 the Council of the University of the Free State (UFS) took a number of key decisions on matters recommended by the Executive Management of the university for its consideration or approval.
 
The Council gave the green light for the merger of the Section Upgrading of Education (School of Education) and Research Institute for Education Planning (RIEP) to create a single unit for education development. The qualifications and courses currently offered by these two units will henceforth be offered by the newly formed unit. The new unit will be known as the Centre for Education Development.
 
Under this new dispensation, amongst others, the functions of the unit will be extended to include other in-service training of teachers and empowering courses and qualifications as well. Some of the existing RIEP courses will be converted into credit-bearing short courses in more learning areas than are presently available, and that the focus will also be on offering short courses as the need may arise. Research will become a prominent function of this new unit.
 
The Council has also approved the reinstatement of the Department of Genetics as a stand-alone department. Currently Genetics is a sub-discipline of Plant Sciences. Its reinstatement as an independent department will have several advantages for the Faculty of Natural and Agricultural Sciences, as well as the university, namely:
 
- with its own identity, Genetics as a subject will attract more students, through which the UFS will be able to get more subsidies.
- postgraduate students who leave the university for others will have an incentive to stay.
- researchers in Animal Genetics and Behavioural Genetics will be able to fulfil their full role.
- service delivery to the industry will result in the generation of third-stream income.
 
The Council also extended the terms of office of the Dean of the Faculty of Law, Prof Johan Henning, and that of the Director of Finance, Mr Chris Liebenberg, for a further five years each.
 
The Council further appointed Dr Elias Nyefolo Malete as the Campus Principal of the UFS Qwaqwa Campus for a term of three years. Dr Malete has been acting in that position prior to his appointment.
 
Other matters involved the condonation of the Council’s 1995 resolution to sell the Hertzog House in Goddard Street in Bloemfontein, and the approval of the sale of another house in Biddulph Street in Harrismith.
 
Media Release
Issued by: Mangaliso Radebe
Assistant Director: Media Liaison
Tel: 051 401 2828
Cell: 078 460 3320
E-mail: radebemt.stg@mail.ufs.ac.za
26 September 2007

We use cookies to make interactions with our websites and services easy and meaningful. To better understand how they are used, read more about the UFS cookie policy. By continuing to use this site you are giving us your consent to do this.

Accept