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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

Digitising the Advanced Certificate in Teaching (ACT)
2017-02-06

Description: Digitising the Advanced Certificate in Teaching  Tags: Digitising the Advanced Certificate in Teaching

The 100% online ACT aims to help
teachers improve their qualifications.
More information is available at
http://www.ufs.ac.za/ACTonline.
Photo: Supplied


Online learning is fast becoming the most convenient and affordable way to study. In 2016, the South Campus of the University of the Free State (UFS) became the first university in South Africa to launch a fully online course for current teachers to upgrade their qualifications; the Advanced Certificate in Teaching (ACT).

The IDEAS Lab digitisation team on our South Campus is responsible for converting the existing ACT modules from a blended format to a 100% online format. With this format all lessons and study material are available online, with no contact sessions required. The advantages of online, interactive learning far outweigh those of blended learning. Lessons are converted to videos online, which is not only more user-friendly, but students can also access the lessons repeatedly.

In addition, tutors are always available, with WhatsApp groups and the ACT Online Facebook page further facilitating the support provided. Discussions between or communication with students situated in remote areas is made possible, adding to an enriched student experience. Immediate feedback on activities serves as a diagnostic tool as well as motivation for the students.

Lesson videos are recorded at the IDEAS Lab Studio at the South Campus or onsite at various schools. Students are expected to complete a unit, which consists of two lessons, per week.
There are “think about your learning” activities after each lesson as well as “after readings” to ensure that students have grasped the material. In these and many other ways the online ACT is specifically designed to suit students’ unique needs and make their studies a satisfying and rewarding experience.

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