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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

Missing UFS student found

2013-04-01

Thabiso Moholoholo
Photo: Supplied
10 April 2013

The whereabouts of University of the Free State (UFS) student Thabiso Moholoholo have been determined. He was found to be in Qwaqwa by the South African Police Service (SAPS) who used cell phone tracking to locate the 'missing' student.

Thabiso 'disappeared' on 9 October 2012 from the Bloemfontein Campus allegedly on his way to the UFS Sasol Library. He was a second-year student doing the BSc Environmental Studies programme, and was a resident in Tswelopele Residence on the Bloemfontein Campus at the time of his disappearance.

The university’s Protection Services, with the assistance of the SAPS, went to great lengths to search for him up until he was found. The investigative work of well-known private investigator Leon Rossouw also assisted greatly in the case.

Shortly after his disappearance a message indicating that he was dead and photos of him lying face-down, covered in what seemed to be blood were posted on his Facebook page. This was followed with a similar SMS message to a friend.

It has now been discovered that Thabiso disappeared on his own initiative and that he made up the violent photos for his Facebook page with the help of a friend.

The senior leadership of the university and residence leadership of Tswelopele are obviously relieved that he was found and thank everyone who worked tirelessly to locate the student.

The university has spent considerable time and extended its limited financial and human resources all in an effort to find this so-called missing student; his conduct is completely unacceptable. The stress on the family, fellow students and the university community as a whole is incalculable.

The university therefore views this staged disappearance in a grave light and considers this act to constitute very serious student misconduct, which could result in disciplinary action and possible expulsion.

Media Release
10 April 2013
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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