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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

Double achievement for Prof. Paul Grobler

2012-04-25

Prof. Paul Grobler
Photo: Supplied
25 April 2012

Early this year, two journal editions appearing almost simultaneously in Europe featured cover photographs based on papers by Prof. Paul Grobler of the Department of Genetics and his collaborators.

These papers stem from collaborations with Prof. Gunther Hartl at the University of Kiel (Germany) and Dr Frank Zachos from the Natural History Museum in Vienna (Austria). Both papers cover aspects of the genetics of southern African antelope species.

The first paper appeared in the Journal of Zoological Systematics and Evolutionary Research” (from the Wiley-Blackwell group). This was titled “Genetic structure of the common impala (Aepyceros melampus melampus) in South Africa: phylogeography and implications for conservation”.

In this paper, the team analysed impala from various localities in South Africa to determine the relationship between distribution and genetic structure. The results suggest a clear relationship between genetic characteristics and habitat features that regulate gene flow.

The second appeared in the journal Mammalian Biology (from the Elsevier group), with the title “Genetic analysis of southern African gemsbok (Oryx gazella), reveals high variability, distinct lineages and strong divergence from the East African Oryx beisa”.

Here, the researchers looked at various aspects of the genetics and classification of gemsbok. Among the notable findings is that gemsbok populations on the game farms studied are less inbred than previously predicted.

Proffs. Grobler and Hartl initiated these projects on gemsbok and impala, with sub-sections of the research later completed as M.Sc. projects by students from both South Africa and Germany.

Prof. Grobler has been involved with aspects of the population genetics of various mammal species since the early 1990s, and continued with this line of research after joining the UFS in 2006. Current projects in this field include work on wildebeest, vervet monkeys and white rhinoceroses.

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