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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

New coach for Shimlas
2012-05-24

The University of the Free State (UFS) will soon fill a newly created position, namely that of Director of Rugby.

The successful candidate will, amongst others, be the head coach for the Shimla rugby team and will also be involved in the recruitment of young talent, the contracting of rugby players and certain obligations at the UFS/Cheetahs Rugby Academy.
 
This decision was taken during a joint brainstorming session between the university and the UFS Rugby Club about rugby at the university on Friday 18 May 2012. The performances of the Shimla team during the past Varsity Cup Series was also discussed. “The meeting took place in a good spirit and it is a hopeful sign to observe that the university is prepared to go out of its way to ensure that the Shimlas perform, particularly in the Varsity Cup”, said Mr Marius van Rensburg, Chairperson of the UFS Rugby Cup.
 
Mr Jaco Swanepoel, current Shimla coach, retains his position as Head Coach of Rugby at the UFS, as well as certain commitments to function more strongly within the junior rugby structures and to train coaches.
 
According to Mr Van Rensburg, the position will be advertised as quickly as possible. The successful candidate will also have to assume duty soon, because preparations for next year’s Varsity Cup have to commence around September this year.
 
“Shimlas is a high-profile is team with a proud history and a major role player in SA rugby; therefore we expect to receive good applications. The panel that has to make the appointment will, amongst others, consist of two former Shimla Springboks, a former Shimla/Cheetah player and a former Springbok conditioning trainer.
 
The restructuring of the management model of the UFS Rugby Club is also envisaged, which will also bring about certain changes to the club’s constitution.


Media Release
24 May 2012
Issued by: Lacea Loader
Director: Strategic Communication
Tel: +27(0)51 401 2584
Cell: +27(0)83 645 2454
E-mail: news@ufs.ac.za

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