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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

Registration process not affected by power shedding
2008-01-24

The power shedding that has been affecting the country over the last few weeks has no effect on the University of the Free State’s (UFS) registration process and it is continuing as normal.

The Callie Human Centre in Bloemfontein, where the registration process of the Main Campus is taking place, is supplied with emergency power. Although power shedding is taking place on the rest of the campus, the centre is not affected by this. The registration process has been running smoothly so far.

“It appears that students are under the impression that the registration process is also affected by the power shedding and, as a result, they are turning up in smaller numbers than usual to register. This can cause problems for us later on because the registration process is divided into different categories of students and it takes place according to a predetermined programme,” said Mr Vernon Collett, Registrar of Academic Student Services at the UFS.

“If students do not keep to the registration programme it can create unnecessary delays in the registration process. I want to encourage students to keep to the predetermined registration dates that are applicable to them as the academic year will commence soon,” said Mr Collett.

Senior undergraduate students (that is students entering their second or later year of study) started registering on Monday, 21 January 2008. Students who applied for admission to the Main Campus after 30 November 2007 and were accepted, must register from 4 February 2008 according to a process applicable to them. Lectures will start on 4 February 2008 and the registration process will end on 8 February 2008. Registered modules can be amended from 4-8 February 2008.

Detailed information on the dates and times of registration for the various faculties and academic learning programmes is available on the UFS website at www.ufs.ac.za.

 

MEDIA RELEASE

Issued by: Lacea Loader
Assistant Director: Media Liaison
Tel: 051 401 2584
Cell: 083 645 2454
E-mail: loaderl.stg@ufs.ac.za

24 January 2008
 

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