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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

Drama Department produces international stars
2011-05-20

 
Jefferson Dirks-Korkee en Mart Kotze
Photo: Leonie Bolleurs

Forbidden desires, secrets, lies and intrigue. Add a few well-known South African actors like Deon Lotz and Robin Smith for interpretation and you get the first Afrikaans South African film ever to be shown at the Cannes Film Festival from 11-22 May 2011.

It is all very well, but where does the University of the Free State (UFS) fit into the picture?

Jefferson Dirks-Korkee and Mart Kotze, two of our drama students – Jefferson being an Honours student and Mart a master’s student – each scored a small role in the film Skoonheid, when director Oliver Hermanus sent a team to Bloemfontein for auditions.

Skoonheid is the first Afrikaans South African film that has been nominated for a Cannes award. “Robert de Niro is the president of the panel of adjudicators,” says an excited Jefferson, who plays in a silent scene in the film. He and Mart, who plays a cashier, are very pleased with the opportunity to appear in this production.

Although it is the first time that Jefferson appears in front of the cameras, he has already participated in a few stage productions like Jonas and Boermanie. Mart also featured in Boermanie and Tailor Made.

They invite everyone to their performances at this year’s Vryfees in July. In Piet se tante Jefferson will debut as Windvoël and Mart will play as Lucia-Anne in Die kaskenades van Kees Kieswetter.
 

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