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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

Programme: Intervarsity, Kovsies and Pukke

2008-08-01

Intervarsity on Kovsie Campus

Friday 8 August 2008:

Netball:
18:00 Soetdoring vs Dinki UFS Netball court 1
18:00 Wag-‘n-Bietjie (UFS) vs Eikenhof UFS Netball court 2
18:00 Marjolein vs Minjonet UFS Netball court 3
18:00 Vergeet-My-Nie 2 (UFS) vs Bellatrix UFS Netball court 4
19:15 Vergeet-My-Nie 1 (UFS) vs Wanda UFS Netball court 1
19:15 Roosmaryn vs Vergeet-My-Nie (PUK) UFS Netball court 2
19:15 Emily Hobhouse vs Karlien UFS Netball court 3
19:15 Soetdoring 2 vs Wag-‘n-Bietjie (PUK) UFS Netball court 4

Badminton:
18:00 UFS vs PUK ( 2 USSA teams) UFS Badminton hall

Squash:
18:00 UFS vs PUK ( 1 USSA teams) UFS Squash courts

Table Tennis:
18:00 UFS vs PUK ( 1 USSA teams) UFS Badminton hall

Hockey:
18:00 UFS Hostel 3 vs PUK Hostel 3 (Men) UFS Astro 2
18:00 Kovsies 1 vs PUK 1 (Men) UFS Astro 1
18:50 UFS Hostel 2 vs PUK Hostel 2 (Men) UFS Astro 2
19:30 UFS Hostel 1 vs PUK Hostel 1 (Men) UFS Astro 1

Soccer:
14:00 UFS 1 vs PUK 1 (Ladies) UFS field 8
16:00 UFS 2 vs PUK 2 (Men) UFS field 8
19:00 Toasts Shimla Park
19:20 UFS 1 vs PUK 1 Shimla Park

Saturday 9 August 2008:

Golf:
8:00 UFS vs PUK (8 men) Bloemfontein GC

Volleyball:
8:30 UFS men vs PUK men UFS Badminton hall

Tennis:
8:30 UFS Ladies vs PUK Ladies (10 players) UFS Tennis courts
8:30 UFS Men vs PUK Men (10 players) UFS Tennis courts

Hockey:
9:00 UFS Hostel 1 vs PUK Hostel 1 (L) UFS Astro 1
9:00 UFS Hostel 2 vs PUK Hostel 2 (L) UFS Astro 2
9:50 UFS Hostel 4 vs PUK Hostel 4 (L) UFS Astro 2
10:15 Kovsies 2 vs PUK 2 (L) UFS Astro 1
10:40 UFS Hostel 3 vs PUK Hostel 3 (L) UFS Astro 2
11:45 Kovsies 1 vs PUK 1 (L) UFS Astro 1

Rugby:
9:00 UFS u/19 vs PUK u/19 Shimla Park
9:00 UFS Agriculture vs PUK Engineers UFS field 2
9:00 Veritas (UFS) vs Overs UFS field 3
9:00 JBM vs Villagers UFS field 4
9:00 Karee vs Caput UFS field 5
10:30 UFS u/21 vs PUK u/21 Shimla Park
10:30 Vishuis vs De Wilgers UFS field 2
10:30 Armentum vs Veritas (PUK) UFS field 3
10:30 Reitz vs Patria UFS field 4
10:30 UFS Ritsims vs PUK 3 UFS field 5
12:00 Irawas vs Ibbies Shimla Park
13:30 Toasts Shimla Park
14:00 Shimlas vs PUKKE Shimla Park

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