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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

Live a drug free life
2009-05-18

 
Rev. Ruben Sokana

Our university strives to be a robust university in all aspects, including the well-being of its staff and students. Recently Selloane Phoofolo, Social Worker on our Qwaqwa Campus hosted a drug awareness campaign to raise awareness on the dangers of drug abuse and the importance of a healthy life style. Also included on the programme was discussion on how to equip students with the skills and support necessary to make informed decisions about their health, personal lives and social development and encourage and enable those persons who are dependent on drugs to avail of treatment with the aim of reducing dependency and improving overall health and social well being.

Speaking at this occasion were Rev. Ruben Sokana from the Anti- Drug and Alcohol Abuse Forum (Adaaf), Captain Buti John Ramoshebi and Inspector Gysbert Du Plessis from the South African Police Service, Phuthaditjhaba (Dog Unit).

Rev. Ruben addressed the students about the dangers of drug abuse. He indicated that drug abuse is a major contributor to crime, poverty, reduced productivity, unemployment, dysfunctional family life, political instability, the escalation of chronic diseases such as Aids and Tuberculosis (TB), injury and premature death.

Captain Buti John and Inspector Gysbert had a discussion about the different types of drugs and the effects thereof. Amongst others they discussed sedatives, stimulants, and LCD.

For those staff members and students who were still not sure about the dangers of drug abuse, Thabo Moloi, a recovered drug addict shared his story of the struggle with a drug addiction. He strongly advised students and staff members to live a drug-free life.

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