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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

Shimlas honoured to meet Prof Petersen
2017-04-12

Description: ' A Shimlas and Prof Francis Tags: Shimlas, Prof Francis Petersen
Prof Francis Petersen, Vice-Chancellor and Rector, with
Shimla captain, Stephan Janse van Rensburg, in front of
the Main Building.
Photo: Rulanzen Martin

“I studied at Maties and worked for quite a long time at the University of Cape Town so I am also an Ikey, but now I am a Kovsie. So I am obviously supporting and fully behind the Kovsie team.”

This was what the new University of the Free State Vice-Chancellor and Rector, Prof Francis Petersen, said to the Shimla rugby team at a breakfast on 7 April 2017. The Varsity Cup team was invited to the Main Building by Prof Petersen to congratulate them on a great season. The Rector also thanked the team’s management. “All of them wanted to see you and we have waited quite a few months for you. And thank you for the invite. It means a lot us,” said Jaco Swanepoel, Shimla assistant coach.

Shimlas went in as underdogs

“I was completely stunned by the way you played on Monday night,” Prof Petersen said. 

A young Shimlas team went into the tournament as underdogs, but managed to reach the Varsity Cup semifinal against Tuks on 3 April 2017 in Pretoria. The Shimlas staged a great comeback and pushed the home team until the end. They only lost 21-28 against a strong University of Pretoria team.

The Rector also reiterated the importance of sport within the university. “Sport is a unifier and we should use it more to unite.”

Great privilege to meet the new Rector

“It is a massive privilege for our team to be invited by Prof Petersen for a nice breakfast. To know that we have his support, as well as that of the entire university, means a lot to us,” said Stephan Janse van Rensburg, Shimla captain. 

The Shimlas wanted to make UFS proud by making a difference and it showed during the semi-final. “We played under extreme pressure and went into the semi-finals as complete underdogs. We played for every Kovsie but unfortunately it didn’t go our way,” Stephan said.

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