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08 December 2021 | Story Leonie Bolleurs | Photo Sonia Small
Namibia university
The Office for International Affairs at the UFS recently hosted a delegation from the Namibia University of Science and Technology. Pictured here are, from the left, front: Seithati Ramonaheng, UFS International Scholarships in the Office for International Affairs (OIA); Dr Erling Kavita; Dr Erold Naomab; Prof Yonas Bahta; back: Kagiso Ngake, UFS Partnerships in the OIA; Cornelius Hagenmeier; Zenzele Mdletshe, UFS Partnerships in the OIA; and Dr Falko Buschke, Centre for Environmental Management.

The Office for International Affairs (OIA) at the University of the Free State (UFS) recently (25 November 2021) hosted a delegation from the Namibia University of Science and Technology (NUST).

During deliberations, the two institutions discussed the possibility of formalising a partnership and it was agreed that the OIA would lead this process through its Partnership portfolio. The UFS and NUST are looking to work together and share information on the development of a COVID-19 vaccination policy, leveraging on the Germany/Namibia green hydrogen partnership, joining forces on the application for centres of excellence administered by the African Union, establishing staff and student exchange programmes, and intensifying their research collaborations.

Cornelius Hagenmeier, the Director of the Office for International Affairs (OIA) at the UFS, chaired the meeting with Dr Erold Naomab, the Vice-Chancellor of NUST, and his adviser, Dr Erling Kavita. Prof Yonas Bahta, Associate Professor in the UFS Department of Agricultural Economics, and Dr Falko Buschke, Senior Lecturer in the UFS Centre for Environmental Management, also attended the meeting and reported on their existing academic collaborations with NUST.

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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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