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29 March 2019
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Edward Kieswetter, newly appointed SARS Commissioner.
The Chairperson of the Council of the University of the Free State (UFS), Mr Willem Louw, extended a message of congratulations to Mr Edward Kieswetter on his appointment by President Cyril Ramaphosa this week as Commissioner of the South African Revenue Service (SARS).
Mr Kieswetter served as Deputy Chairperson of the UFS Council from 2008 to 2014 and was Visiting Professor at the university’s Business School until 2018.
“On behalf of the Council and the university community, I wish Mr Kieswetter well in his work as newly appointed SARS Commissioner. It is evident that the high-level selection panel made an exceptionally good choice for this crucial position. Mr Kieswetter’s vast experience as former SARS deputy commissioner, his subsequent track record of transformative leadership, and his experience in turning around a large institution will serve him well in this new role,” says Mr Louw.
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UFS and BMF present a crash course on Financial Literacy for Young Entrepreneurs
2017-08-23
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.