UFS launches app to help small businesses grow

Learn to record transactions correctly

- By Mzwandile kaBizokwakhe [e-mail]

The University of Free State (UFS) has launched an app to give small business owners the education they require to become better stewards of their finances.

The app has 15 video tutorials on financial management available via the Good Money Habits app for free on Google Play Store.

Professor and research fellow in the Department of Economics and Finance and project manager Frederick Fourie said the Good Money Habits (GMH) app and videos were created to support informal micro-enterprises.

"The aim is to promote employment creation in the informal sector. It is based on thorough statistical research as well as face-to-face township engagements on key constraints faced by informal enterprises, which mainly operate in townships, villages and rural areas."