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01 February 2018 Photo Johan Roux
Legae first-year residents welcomed on UFS South Campus

On 27 January 2018, several dozen eager first-year students and a large number of their parents crowded into the venue at the Legae residence on the South Campus of the University of the Free State (UFS). They were welcomed by Gali Malebo, the Residence Head, Prof Daniella Coetzee, the Principal of South Campus, and Prof Francis Petersen, the Rector and Vice-Chancellor of the UFS.

Prof Coetzee exhorted the students to show their seriousness about studying by giving their best and being accountable for their own learning experience. She said that she enjoyed the very positive vibe from the excited and enthusiastic students. Prof Petersen also addressed the students and advised them to make full use of the facilities made available to support and assist especially first-years.

Gali Malebo said of the occasion: “I am pleased that what we planned was so successful, and I feel blessed that both Prof Petersen and Prof Daniella [Coetzee] were present to share such beautiful moments with us. I am grateful to my team of Residence Assistants who worked very hard to make sure that everything was in order. They received several expressions of appreciation from parents for their hospitable, welcoming spirit and for making the first-years feel at home, especially for those who travelled from far.”

Prof Coetzee concluded with these words, “The UFS is a space for freedom, opportunities, and responsibilities. Use each day to reach out for knowledge. The university is a place where you are supposed to be active in seeking out the knowledge you need, a place where you are supposed to struggle and strive in order to excel. Do not give up until you have explored the limits of your intellectual ability. We expect much of you, and you should expect much of us.”

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UFS and BMF present a crash course on Financial Literacy for Young Entrepreneurs
2017-08-23

 Description: UFS and BMF present a crash course on Financial Literacy  Tags: UFS and BMF present a crash course on Financial Literacy

Starting a business, big or small, can be a really difficult task – especially if you are not equipped with the basic business knowledge to help you kick-start this project.

For this reason, the University of the Free State (UFS), in collaboration with the Black Management Forum (BMF), held a Financial Literacy Workshop for Young Entrepreneurs on the Bloemfontein Campus early last week to assist in this regard.

Young entrepreneurs equipped with business knowledge for start-ups
The purpose of the workshop, which was presented by Francois Marais and Eduard Loots from Riskflow, was to equip young entrepreneurs with knowledge and skills to assist them in the business world. The main focus was on training start-up businesses to prepare business plans, and training was given to researchers, developers, and innovators on how to commercialise their inventions.

Ansie Barnard, Senior Officer in the UFS Business School, says since the involvement of the school in entrepreneurship development over the past few years, they came to the realisation that many of these new businesses tend to fail within a year because they do not have a suitable financial model.

“This is the reason why we utilised Riskflow Financial Modelling Software, since it does all the accounting calculations on their behalf,” says Barnard.

Introduction to basic business banking
In addition to this, the participants were introduced to the basics of business banking, with Standard Bank and the Industrial Development Corporation (IDC) as the guest presenters providing them with this information.

BMF’s Rozanne Brown says that many of these young entrepreneurs have the desire to succeed in business; therefore there is a need for this type of workshop.

BMF and the UFS Business School will look into hosting more entrepreneurial workshops in the future,” says Brown. All attendees of the workshop will receive certificates for their participation.

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