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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

African historian honoured at UFS Library book launch
2016-08-23

Description: Library book launch Tags: Library book launch

The UFS Library, in collaboration with the Department of Political Studies and Governance, launched This Present Darkness, a book by the late Stephen Ellis on 23 August 2016 at the Sasol Library on the Bloemfontein Campus.

Stephen Ellis was a Professor in the Faculty of Social Sciences at Vrije Universiteit, Amsterdam, and a senior researcher at the African Studies Centre, Leiden. He wrote ground-breaking books on the ANC, the Liberian Civil War, religion and politics in Africa, and the history of Madagascar.  He died in 2015.

The book explores how Nigerian criminal syndicates acquired a reputation for involvement in drug-trafficking, fraud, cyber-crime, and other types of criminal activity. Successful Nigerian criminal networks have a global reach, interacting with their Italian, Latin American, and Russian counterparts. Yet in 1944, a British colonial official wrote that “the number of persistent and professional criminals is not great in Nigeria” and that “crime as a career has so far made little appeal to the young Nigerian.”

Ellis, a celebrated Africanist, traces the origins of Nigerian organised crime to the last years of colonial rule, when nationalist politicians acquired power at regional level. In need of funds for campaigning, they offered government contracts to foreign businesses in return for kickbacks, a pattern that recurs to this day. Political corruption encouraged a wider disrespect for the law that spread throughout Nigerian society. When the country’s oil boom came to an end in the early 1980s, young Nigerian college graduates headed abroad, eager to make money by any means. Nigerian crime went global, and new criminal markets are emerging all over the world at present.

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