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Research Publications (Management Sciences)

Permanent URI for this collectionhttp://ir-dev.dut.ac.za/handle/10321/217

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Subject: search.filters.subject.Financial literacy

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    The interplay between financial literacy, financial technology and financial behaviour of high school teachers in an emerging economy
    (Richtmann Publishing, 2023-07-01) Jali, Nkosinathi Prince; Nyide, Celani John; Stainbank, Lesley June
    This study examined the influence of financial literacy and financial technology on the financial behaviour of high school teachers in an emerging economy. The use of financial technology comes with widely documented advantages, however, the increasing diversity of financial technology products available is found to have complicated many people in emerging economies. The availability of information has made it easier for people to make irresponsible financial decisions, which have resulted in higher levels of debt. While teachers play a meaningful role in financial literacy education, research points out they still need to undergo financial literacy education themselves in order to improve their financial management expertise, more so in the digital era. A scientific questionnaire was distributed to 246 high school teachers who were chosen on a probability basis using systematic random sampling. The research data were subject to correlation analysis. The results show that high school teachers have a good grasp of financial technology, and they possess strong financial literacy skills. The correlation analysis indicated that financial literacy skills are the most important attribute influencing financial behavior of high school teachers.
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    Significance of financial literacy on personal savings behaviour : a study of the City of Tshwane and Mahikeng Municipality employees
    (Adonis and Abbey Publishers, 2022-01-15) Mbukanma, Ifeanyi; Rena, Ravinder
    The objective of this study was to identify the level of financial literacy among South African households and statistically ascertain the impact of financial literacy variables on household savings behaviour. Quantitative research was conducted to achieve these objectives, where data was collected from the employees of City of Tshwane and Mahikeng Municipality. A cluster analysis was employed to identify the group cluster of respondents. In addition, a Path Coefficient analysis was conducted to identify the significance of financial literacy on household savings behaviour. The study's findings revealed that the respondents have a reasonable level of financial literacy, which is in line with the conceptual findings of previous literatures. Secondly, it was ascertained that variables under financial control, financial planning, financial knowledge, and understanding positively impact household savings behaviour. Meaning that the more they are familiar with these variables, the more they are likely to save. On the contrary, the variables under the construct of knowledge of financial products and services were identified to impact household savings behaviour negatively, meaning that the more they are knowledgeable on financial products and services, the lesser they are likely to save. Hence, it was concluded that stakeholders and policymakers in charge of financial and savings literacy in South Africa should incorporate these identified positive variables of financial literacy into their savings campaign programmes.