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dc.contributor.authorLouw, Jurgens
dc.contributor.authorFouché, Jaco
dc.contributor.authorOberholzer, Merwe
dc.date.accessioned2015-07-09T08:25:12Z
dc.date.available2015-07-09T08:25:12Z
dc.date.issued2013
dc.identifier.citationLouw, J. et al. 2013. Financial literacy needs of South African third-year university students. International business and economics research journal. 12(4):439-450. [http://www.cluteinstitute.com/journals/international-business-economics-research-journal-iber/]en_US
dc.identifier.issn1535-0754
dc.identifier.issn2157-9393 (Online)
dc.identifier.urihttp://hdl.handle.net/10394/14005
dc.identifier.urihttp://www.cluteinstitute.com/ojs/index.php/IBER/article/view/7742
dc.description.abstractIt is evident from the literature that financial education and financial training fail in South Africa, which results in tertiary institutions sending their students into the world with a lack of preparedness for the financial challenges that await them. The problem with this study is that before interventions can be designed, a thorough understanding of the needs of students is important. Therefore, the purpose of this case study is to evaluate the financial literacy needs of third-year students at a South African university. The research fulfills the purpose by means of a survey, where a questionnaire was developed to first evaluate the socio-economic environment and exposure to the world of finance and then the financial literacy of 424 students who participated in this study. The contribution of this study is, first, that with the existing literature as a basis and a cluster analysis of the results, a new suitable questionnaire to evaluate financial literacy was developed for the South African context. Furthermore, the study uncovered the areas where the respondents, who are mainly financially supported by their parents, have a high level of literacy, as well as the areas of illiteracy that need to be addressed.en_US
dc.language.isoenen_US
dc.publisherClute Instituteen_US
dc.subjectFinancial literacyen_US
dc.subjectfinancial capabilityen_US
dc.subjectfinancial educationen_US
dc.subjectuniversity studentsen_US
dc.subjectpersonal financial managementen_US
dc.titleFinancial literacy needs of South African third-year university studentsen_US
dc.typeArticleen_US
dc.contributor.researchID10242953 - Fouché, Jacobus Paulus
dc.contributor.researchID10067450 - Oberholzer, Merwe


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