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Analysis of Financial Literacy amongst University of Students: A Case Study of the University of Venda

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dc.contributor.advisor Gyekye, A. B.
dc.contributor.advisor Dafuleya, G.
dc.contributor.author Mudzanani, Ronewa Victor
dc.date 2017
dc.date.accessioned 2018-05-24T13:41:21Z
dc.date.available 2018-05-24T13:41:21Z
dc.date.issued 2018-05-18
dc.identifier.uri http://hdl.handle.net/11602/1074
dc.description MCom (Economics)
dc.description Department of Economics
dc.description.abstract This study assesses the level of financial literacy and its impact on financial decision making exercised by the tertiary students in South Africa, using the University of Venda (Univen) as a case study. The study does this in three steps. First, it provides the financial literacy levels of students at Univen assessed through an evaluation score that the sampled students responded to. Second, it analyses the relationship between the demographic and socio-economic characteristics of students and their financial literacy levels. Third, it assesses the possible effects of financial literacy on financial decision making among students using correlation and regression analysis. The study uses primary data gathered by the author from the University of Venda registered students in the form of questionnaires. A stratified random sampling method was used to identify the students to form the sample of the study, which is 373. Percent slightly above 50 per cent of these students were found to be financially literate and there were more female students who were financially literate compared to male counterparts. Using the odds ratios, the study compared the financial literacy levels of all schools to the school of Management Sciences, respectively. Only students in Environmental Sciences and Law have higher literacy levels, which are statistically significant, compared to the students in the school of Management Sciences. The results also show that the age and the parent’s educational background have a statistically significant relationship with the student being financial literate. Furthermore the results indicate that there is a statistically significant relationship on good financial decision making (that is, budgeting, savings and investments) and being financial literate, compared to being financial illiterate. This result is not true when borrowing is used as a measure of financial decision making. en_US
dc.description.sponsorship NRF en_US
dc.format.extent 1 online resource (, 116 leaves)
dc.language.iso en en_US
dc.rights University of Venda
dc.subject Financial literacy en_US
dc.subject Financial decision making en_US
dc.subject Financial education en_US
dc.subject University of Venda en_US
dc.subject Regression en_US
dc.subject Correlation en_US
dc.subject.ddc 378.1060968257
dc.subject.lcsh Youth -- Finance -- South Africa -- Limpopo
dc.subject.lcsh Finance, Personal -- South Africa -- Limpopo
dc.subject.lcsh Budget, Personal -- South Africa -- Limpopo
dc.subject.lcsh Children's allowances -- South Africa -- Limpopo
dc.subject.lcsh Universities and colleges -- Finance -- South Africa -- Limpopo
dc.subject.lcsh University of Venda -- Students
dc.title Analysis of Financial Literacy amongst University of Students: A Case Study of the University of Venda en_US
dc.type Dissertation en_US


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