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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

University hosts International Feminist Journal of Politics first annual conference

2012-07-31

The university will host the first annual international conference organised by the prestigious international journal International Feminist Journal of Politics.

The conference will take place from 2 to 4 August 2012 on the Bloemfontein Campus and will coincide with national women’s month celebrations. The theme of the conference is “Leaving the Camp – Gender Analysis across Real and Perceived Divides”. Several leading scholars will participate in the proceedings.

Inderpal Grewal, Professor of Women’s, Gender and Sexuality Studies at Yale University in the United States and author of Transnational America: Feminisms, Diasporas, Neoliberalisms will deliver the keynote lecture entitled “Outsourcing Patriarchy: Media, Violence and Transnational Feminisms”.

Prof. André Keet, Director of the International Institute for Studies in Race, Reconciliation and Social Justice will deliver a keynote address at the Women’s Day Dinner on 2 August 2012. The topic will be "Clean shaven Marx [s]? Rights, Necromancy and Conceptions of Feminist Justice".

In addition, Prof. Amanda Gouws, Professor in the Department of Political Science at Stellenbosch University and also newly appointed Commissioner in the Commission for Gender Equality, will facilitate a feminist methodology workshop on “Working across Disciplinary and Professional Borders”.

The International Feminist journal of Politics offers a unique cross-cultural and international forum to foster debate and dialogue at the intersection of international relations, politics and women’s studies. Developed by a team of leading feminist scholars, this journal brings together some of the most influential figures in the field to build a global critical community of writers and readers.

The lecture by Inderpal Grewal takes place in the Business School Auditorium from 10:45-12:00 on 3 August. The lecture is open to the public, but please take note that space is limited.

For further information, please contact Prof. Heidi Hudson at hudsonh@ufs.ac.za or visit http://ifjp.z2a.co.za.

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