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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

Kovsie hockey achieves

2010-07-22

Gregg Clark

Three players from the University of the Free State (UFS) Womens Second Hockey Team, Theane Guthrie, Ayesha Samuels and Chantelle Deere, were selected for the South African Country Districts A Team. Theane, Ayesha and Chantelle played for Free State B Team when they participated in the recent SA Country Districts Hockey tournament. The Free State B Team also won the Tournament.

Jason Klinkradt, coach of the UFS Womens Second Team, was also the coach for the Free State B Team.

Eight Kovsies were also included in the Free State Hockey Team that will participate in the National Interprovincial Hockey Tournament in East-London from 19-24 July 2010. The players are Lesley Ann George (captain), Berne van Wyk, Jo-Nelka Swanepoel, Felicia Shongwe, Orpah Pretorius, Cardeux Nel, Nicole Kemp and Hettie Oosthuizen. The Protea under-captain, Lesley Ann is the captain of the Free State Team. Elsie Coetzer, the Kovsie womens hockey coach, is also the coach of this team.

More news from Kovsie hockey is that the national mens coach, Mr Gregg Clark, presented a very successful training camp for the Free State womens and mens teams on the Kovsie Astros. The training camp was open to all Free State coaches and was amongst others attended by Elsie Coetzer and Des Donald, Kovsies mens hockey coach.

Mr Clark was also course leader at the hockey course for schools, attended by 900 learners, presented by the Kovsie Hockey club earlier this year, said Mr Frans van der Watt from KovsieSport.

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