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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

SRC President to advocate for all students during term
2017-04-10

Description: ' A Pres SK Tags: Pres SK

Skhululekile Luwaca, the newly elected SRC President
on the Bloemfontein Campus.

Photo: Johan Roux

 

With a grateful heart, Sikhulekile Luwaca takes up his position as Student Representative Council (SRC) President on the Bloemfontein Campus, after the results of the election were announced on 29 March 2017.

An integrated leader

Sikhulekile, known as SK among his peers, said that as a leader, he needed to integrate himself with the student community, and from there he would have the influence to make an impact on society. “I believe in being an open-minded leader who is open to engagement and peaceful resolutions.”

SK said he would like to represent the interest of all students and invited them to raise their concerns. By the end of his term, he wanted to have achieved a number of goals, which include the integration of off-campus students and to provide a shuttle service for them. He said he also wanted to establish and launch an SRC fund. Furthermore he plans to make sure that all structures of student governance are functional, to name but a few.

2017 SRC candidates

The SRC members at the Bloemfontein Campus are:

President: Sikhulekile Luwaca
Vice-President: Surprise Manyaiyi
Secretary: Nothando Hlophe
Treasurer: Ntombi Nhlapo
Student Development and Environmental Affairs: Silindelokuhle Mthethwa
Transformation: Mathlodi Leteane
Arts and Culture: Joseph Ntebele
Sport: Nombulelo Booi
Media and Marketing: Refilwe Motsumi
Student Accessibility and Support: Donald Litsoane
Legal and Constitutional Affairs: John Modukanele
First Generation Students: Mohau Lesebo
Academic Student Council: Sekese Rasephei
Rag and Community Service: Gert Jan van der Walt
Day Residence and Commuter Student Council: Gontse Choane
Postgraduate Student Council: Mpoi Makhetha
International Student Council: Takudzwa Nyamunda
On Campus Residence Council: Natasha Kabaso
Dialogue and Associations Council: Asive Dlanjwa
Student Media Council: Puseletso Mashego

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