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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

Former Kovsie wins Absa L’Atelier
2012-07-27

Elrie Joubert
Photo: Hannes Pieterse
24 July 2012

A former Kovsie has taken top honours at the Absa L’Atelier Art Competition.

Elrie Joubert, who completed her master’s degree at the Department of Fine Arts in 2010, is the first Free Stater who has won the competition for young artists between 21 and 35. This puts her in the company of previous winners such as Penny Siopis and Diane Victor. As the overall winner, Joubert receives a cash prize of R110 000 and a six month stay at the Cité Internationale des Arts in Paris, France.

Her winning entry, Selective Unveiling, consists of a light-table with a private collection of miniature natural objects, a digital microscope used by the viewer to inspect the objects, as well as a projector that projects the microscope’s image directly on a screen.

“By making my private collection public, I expose myself to possible investigation and criticism,” says Joubert about her winning entry. “The process is, however, reversed when the viewer is also robbed of his/her ‘privacy’ in collecting images with the microscope, which are projected on a screen for other viewers to see.”

Joubert, who lectures in Drawing and History of Art of Graphic Design at the Midrand Graduate Institute’s Bloemfontein Campus, says the Absa L’Atelier is the biggest competition she has won thus far. In 2007 and 2010 she reached the final rounds of the SASOL New Signatures Art Competition.

Her advice to art students: “Keep on doing what you do, learn to handle criticism selectively, and above all, if you take no risks you’ll never win.”


 

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