Latest News Archive

Please select Category, Year, and then Month to display items
Previous Archive
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

Intervarsity 2013 a paragon of friendly rivalry
2013-08-06

 

Photo: RooistoelTv
10 August 2013

Photo Gallery

The recent intervarsity between the University of the Free State (UFS) and the North-West University was a huge success. This 70th celebration of intervarsity between the two institutions, which took place for the first time in 1927, is the oldest event of its kind in South Africa.

According to Rudi Buys, Dean of Student Affairs at the UFS, it is also the most comprehensive and most innovative intervarsity in the country and since 2010 includes all incorporated campuses of universities such as the University of the North. The focus is no longer on sports only, but also on cultural programmes and forums for discussion between student leaders.

Of the 32 sport and culture activities intervarsities between the UFS and the NWU, the UFS won 16, the NWU 13 and three ended in a tie.

Sports and cultural activities like debate were held across the Bloemfontein Campus. Record numbers of supporters attended the different matches, debating competitions and festivities. The first SRC Presidents’ Reunion that took place during the intervarsity is regarded as a special milestone in the history of the UFS.

“We are particularly satisfied that students of diverse backgrounds and campuses took part in and attended intervarsity events and in this way showcased the rich variety of Kovsies with great pride,” Buys said.

“The successful course of the intervarsity confirms that it is important for the UFS to maintain its proud history of almost 100 years with the NWU, but to also update in order to reflect our young democracy and in pace with a young generation of South Africans who are now our students,” Buys concluded.

We use cookies to make interactions with our websites and services easy and meaningful. To better understand how they are used, read more about the UFS cookie policy. By continuing to use this site you are giving us your consent to do this.

Accept