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“A mind that is learning is a free mind and freedom demands the responsibility of learning” – J. Krishnamurti. What is the essence of education in our modern society amid the emerging, unprecedented, present-day circumstances? On 27 November 2020, third-year students from the University of the Free State (UFS) not only sought to inspire the youth in Kestell and bring them messages of hope, but also actively engaged them on how to be equipped with the necessary skills that would help them surf through the rapidly advancing world economics and the changing labour-market demands.
The collaboration with other expert stakeholders created a platform for significant conversation about alternative skills training that is designed to successfully address the current economic needs, thus enabling education to thrive and serve the intended purpose, which would ultimately manifest in effective transformation within communities. The UFS Qwaqwa Campus Community Engagement office coordinated the teamwork, comprising the Free State Department of Social Development, Maluti TVET College, the Free State School of Nursing, AGAPE Foundation for Community Development, Japie Lepele Foundation, the Riverside Finishing School, and Advance Academy.
TVET education allows students to progress in fields that suit them best and at the same time acquire skills needed for the future world of work. Information Technology (IT) students and staff members shared encouraging testimonies of their education experience and employment. The academy presented their finishing school programme to encourage learners to complete their secondary education even after they have suffered some interruptions. Although there are currently many challenges facing education in our semi-rural areas – such as Kestell – that result in lack of access to education and insufficient resources, civil partnerships like these are supporting and enabling communities in their quest to find their own solutions.
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.