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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

Information day about crop production

2005-10-27

The Department of Soil, Crop en Climate Sciences at the University of the Free State (UFS) presented an information day about crop production at the Kenilworth experimental farm outside Bloemfontein.

Various research projects that are currently conducted at the farm were introduced and explained to guests. The day was attended by representatives from the Agricultural Research Council (ARC), Department of Agriculture, Omnia, Pannar, Senwes, Griekwaland Wes Koöp (GWK) and farmers from the commercial and developing agricultural sectors.

The experimental farm is mainly used for the training of graduate and post graduate students and for contract research. There are currently 2 Ph D's, 2 Master's studies and 1 research project for the Water Research Council (WRC) conducted at the farm.

The facility is equipped with a centre pivot irrigation system, lysimeter complex for the insitu studying of plant-soil water relations and an automatic weather station.

In his welcoming speech Prof Herman van Schalkwyk, Dean of the Faculty of Natural and Agricultural Sciences at the UFS said that in the past couple of years agricultural research in South Africa has deteriorated. He said that the Faculty wants to commit itself to uplift and advance research by means of the experimental farm. The Department of Soil, Crop en Climate Sciences aims to present regular sessions like this one at the experimental farm.

Photo: Stephen Collett

From left:
Prof Herman van Schalkwyk (Dean: Faculty of Natural and Agricultural Sciences at the UFS), Ms Keletso Seetseng (Master's student in Agriculture at the UFS), Dr Ezekiel Moraka (Vice-Rector: Student Affairs at the UFS) and Dr Leon van Rensburg (from the UFS Department of Soil, Crop en Climate Sciences). Me Seetseng works on two Canola field experiments and manages 216 plots of these experiments.

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