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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

UFS more accessible for persons with disabilities

2010-04-22

After millions of rands have already been spent on making its buildings more accessible to people with disabilities, the University of the Free State (UFS) is embarking on a new drive to make the Main Campus more user-friendly for its students and staff with disabilities.

Recently the UFS completed a report with recommendations to upgrade more of its buildings in this regard.

The university is already a leader with regard to its services to students with disabilities and is drawing students from all over the country. The Unit for Students with Disabilities (USD) at the UFS offers support to approximately 120 students.

According to Prof. Niel Viljoen, Vice-Rector: Operations, it remains an ongoing process that should constantly be reviewed. Following a prioritised strategic plan, the UFS is upgrading the bathrooms and elevators in its buildings as well as the ramps and parking spaces.

In the new drive a number of future projects have been identified to make the buildings as well as the Main Campus more accessible and user-friendly for persons with disabilities:

Ramps will be added at the entrances to four more buildings. The entrances to the Geology and Geography Buildings will also be made more accessible. An access ramp from the parking area to the pavement will also be added at the CR de Wet Building (housing the Departments of Physiotherapy and Occupational Therapy).

To make classrooms on higher levels accessible, the UFS is looking into the possibility of installing elevators in four more buildings. The university is also investigating the possibility of stair lifts in two of its buildings. Existing elevators on campus will also be upgraded.

More allocated parking spaces for persons in wheelchairs will also be provided closer to buildings.

Accessible bathrooms for persons with disabilities will be added in five more buildings on campus.

Media Release
Issued by: Mangaliso Radebe
Assistant Director: Media Liaison
Tel: 051 401 2828
Cell: 078 460 3320
E-mail: radebemt@ufs.ac.za
22 April 2010

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