Latest News Archive

Please select Category, Year, and then Month to display items
Previous Archive
12 December 2022 | Story Kekeletso Takang | Photo Supplied
Through the New Venture Creation Programme, the UFS Business School aims to equip unemployed youth with the skills needed to identify and assess entrepreneurial opportunities, design a basic business model, and write a business plan.

The University of the Free State Business School (UFSBS) recently hosted a New Venture Creation programme aimed at mitigating unemployment among the youth. Through this programme, the UFSBS aims to equip unemployed youth with the skills needed to identify and assess entrepreneurial opportunities, design a basic business model, and write a business plan. 

The unemployment rate in South Africa was 33,9% in the second quarter of 2022, with youth remaining particularly vulnerable in the labour market. The New Venture Creation programme, funded by the Education, Training and Development Practices Sector Education and Training Authority (ETDPSETA), provides the opportunity for 100 unemployed youth in the Northern Cape and 100 unemployed youth in the North West to be part of the programme. 

In addition to the UFSBS, the ETDPSETA has also partnered with the Office of the Premier in the Northern Cape, the Sol Plaatje Municipality, and the Department of Social Development. These partners assisted with the identification and recruitment of participants in order to ensure the right people were included in the programme.

“For me, the programme was informative and practical,” said Paseka Tlali, one of the top achievers taking part in the New Venture Creation programme. “It allowed me to learn about developing a business plan. Since completion, I have registered a business focusing on media consultancy. Through my business I can educate others on the importance of developing a personal brand.” 

David Gool, another participant from the Northern Cape, said, “I have now become a social media ambassador working with Herbalife as their brand ambassador, thanks to the programme.”

Participants were taken on a practical journey to identify an idea and turn it into a profitable small business. Not only were they taught about new venture creation, but they were also taken on a journey to understand themselves better. The four-month programme saw participants go from attending classes to presenting their business plans to a panel that was also referred to as “The Circle of Elders”. This panel consisted of the ETDPSETA, the UFSBS, the National Youth Development Agency (NYDA) and the Small Enterprise Development Agency (SEDA). They provided each participant with practical feedback and guidance on how to make their planned venture a reality. 

The New Venture Creation programme includes the following study units: Entrepreneurship Journey, Marketing Plan, Operations Plan, Business Model, and Business Plan Framework, among others. 

Graduation ceremonies were held at the completion of the programme in De Aar and Kimberley, sponsored by Standard Bank.

Read up on more programmes offered by the UFS Business School here

News Archive

Meet our Council: Mr Rantooa Moji – passionate about the welfare of workers
2017-07-07

Description: Mr Rantooa Moji  Tags: Mr Rantooa Moji  

Mr Rantooa Moji, member of the UFS Council
Photo: Stephen Collett

Mr Rantooa Moji has recently joined the UFS Council by virtue of being chairperson of the university’s Institutional Forum (IF).  The IF’s function is to advise Council in accordance with the Higher Education Act and UFS Statute.
 
Born and bred in Qwaqwa, Mr Moji is a junior lecturer in Chemistry at the university.  He completed his BSc (Hons) in Chemistry at the then UNIN (Qwaqwa), which is now part of the UFS.  He also completed an MA (HES) at the University of the Free State.
 
Fascinated with Chemistry
“I pursued science mainly due to my school background, but I also have a keen interest in the subject.  The diverse applications of Chemistry in daily life have always fascinated me and that is why I chose to pursue it,” he says.
 
During his postgraduate studies at the UFS, Moji was exposed to education and management trends in higher education.  He has subsequently become involved with labour relations issues through the personnel union Nehawu.  He says he has a passion for the welfare of workers and therefore fulfils a number of roles in the union, including representing members in disciplinary and grievance hearings, being part of the negotiations team, and representing the union on a number of institutional committees, such as the Health Care Committee.
 
Passion for worker’s welfare
Says Mr Moji: “I feel that my experience as an academic and a union activist puts me in good stead to ensure that the views and aspirations of employees are taken into account in the Council’s deliberations and decision-making.”
 
Mr Moji is married, with two daughters and one son.

We use cookies to make interactions with our websites and services easy and meaningful. To better understand how they are used, read more about the UFS cookie policy. By continuing to use this site you are giving us your consent to do this.

Accept