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UFS Business School helps young people become entrepreneurs

12 December 2022 | Story Kekeletso Takang | Photo Supplied

web read more — 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

Art collection reflects values of SA Bill of Rights

2017-09-14

Description: Zanele Muholi Art Exibition Tags: Zanele Muholi Art Exibition

One of the photos that are on exhibition at the
Johannes Stegmann Gallery.
Photo: Supplied

Our human rights are enshrined in the constitution. This is exactly what the Art of Human Rights collection reflects, as it responds to the values and ideals instilled in the South African Bill of Rights.

This collection is currently on display at the Johannes Stegmann Art Gallery at the University of the Free State (UFS). The exhibition opened on 23 August and will run until 23 September 2017.

Work of renowned artists and poets on display
The collection features renowned artists and poets such as Virginia Mckenny, Busiswa Gqulu, Andries Botha, Kobus Moolman, and many more. There are also articles from prominent South Africans such as the late Ahmed Kathrada, Mike van Graan, Justice Edward Cameron, and former UFS Rector, Prof Jonathan Jansen.

Collection engages 27 clauses in Bill of Rights
The Art of Human Rights is a print portfolio which is an initiative of Art for Humanity (AFH). It is a non-profit organisation, based in Durban, which engages with cultural production, specifically in the visual arts, to promote human rights awareness regionally and globally.

Twenty-nine South African artists and 27 poets have created artwork for the collection. They engaged with the 27 clauses of the Bill of Rights by looking at socio-economic issues which is still prevalent in the democratic diaspora of SA. The collection addresses issues such as racism, poverty, poor education, and lack to efficient health care. These are all threats to our young democracy.

Johannes Stegmann Art Gallery hours (Bloemfontein Campus): Monday to Friday 08:30–16:30

Description: Andries Botha Art exibition Tags: Andries Botha Art exibition

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