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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

UFS joined EduRoam project
2011-03-13

Photo: Gerda-Marié Viviers

The ICT Services of the UFS presented the recent conference of the Association of South African University Directors of Information Technology (ASAUDIT) on home turf. Here from the left are: Prof. Janse Tolmie, senior director of the UFS’s ICT Services, Mr Sakkie Janse van Rensburg, executive director of the University of Cape Town’s ICT services, Mr Louis Marais, deputy director of the UFS’s ICT services and Mr Christiaan Kühn of the Council for Scientific and Industrial Research (CSIR).

Travelling academics should soon gain access to free internet more easily. This is after three South African universities, of which the University of the Free State (UFS) is one, joined the EduRoam project. Several academics were briefed on this concept at the last conference of ASAUDIT (Association of South African University Directors of Information Technology) which was held in the CR Swart Auditorium on the Main Campus of the UFS. EduRoam, which is available worldwide at participating universities and airports, enables users to gain access to the internet via their home universities. Prof. Janse Tolmie, senior director of the UFS’s ICT services explains that, should a colleague sign in at an “EduRoam university” the staff member’s information would be verified at the UFS’s IT systems in order to determine the legitimacy of the EduRoam user. After this internet access would be granted. The UFS, University of Cape Town and Rhodes University are the first three universities that have taken on the EduRoam project. The Council for Scientific and Industrial Research (CSIR) also plays a central role in the project in South Africa. More information regarding the UFS’s utilisation of EduRoam will soon be announced.

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