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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 staff and students clean campus together

2011-09-02

Kovsies are not black or white, we are green, says Prof. Jonathan Jansen, our Vice-Chancellor and Rector. Here are some of the students and staff who helped to pick up garbage on our Bloemfontein Campus.
Photo: Leonie Bolleurs

A group consisting of students, staff and members of the management team of the University of the Free State (UFS) proved that they are not only talking about sustainability and the importance of keeping the campus clean, but they actually put their words to action by taking up a garbage bag and helping to pick up garbage.

According to Ms Martie Bitzer, Head of the Sustainability Committee of the UFS, the UFS followed the lead of higher education throughout the world by joining the movement for sustainability and took the plunge in addressing sustainability issues with both short- and long-term planning. One of the short-term plans is to make staff and students aware of the importance of a “green” lifestyle. This week’s activities, including the picking up of garbage and planting a tree on the Bloemfontein Campus of the UFS, is the result thereof.

Prof. Jonathan Jansen, Vice-Chancellor and Rector of the UFS, who also helped to pick up garbage, told the group of staff and students that many universities around the world are implementing sustainability initiatives and are keeping their campuses clean, because they care for the environment. He thanked the group for their contribution to this process.

“By cleaning up around us, we show respect towards ourselves and towards our campus,” said Prof. Jansen.

To encourage students to keep the campus clean, Student Affairs at the UFS will launch a competition to see which residence can pick up the most garbage on 8 September 2011. A Clean Thakaneng Bridge Campaign will also be launched later on.

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