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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

Alumni Voices heralds in festive season with Karl Jenkins production

2013-11-20

The Alumni Voices Chamber Choir, affiliated to the Alumni office of the University of the Free State, heralds in the festive season with a Christmas production with the Drakensberg Boys’ Choir.

Date: 23 and 24 November 2013
Time: 19:30 (23 November 2013)
16:00 (24 November 2013)
Venue: Odeion
Cost: R120

The production by the two choirs, under the direction of Leona Geldenhuys (Alumni Voices) and Johann van der Sandt (Drakensberg Boys’ Choir), is a compilation of new Christmas music by Karl Jenkins.

Two cycles, Stella Natalis, made up from new compositions, and Joy to the World, compiled from well-known traditional Christmas music, are combined in this production.

Stella Natalis (Star of Birth or Star of Origin) celebrates the different aspects of Christmas – Celebro – celebrations, Lullay – the sleeping child, Dona nobis pacem – message of peace, and Jubilate Deo – thanksgiving, forms part of the programme.

The part: JOY TO THE WORLD also includes traditional Christmas music. This fresh and vibrant arrangement of In dulci jubilo, Go Tell it on the Mountain, Silent Night, O Jesu so sweet, Son of Maria and The Virgin Mary had a Baby boy, all new arrangements by Karl Jenkins, promises to be an exciting experience.

This work, which conveys the Christmas message of peace, goodwill and compassion, as well as new beginnings, evokes a colour palette of sound filled with exciting musical inspiration.

The work was written for mixed choir, as well as for an optional choir suitable for children’s voices, trumpet soloist, keyboard, percussion and string ensemble.

The trumpet soloist is Paul Loeb van Zuilenburg, with Johan Cromhout as pianist. Members of the Free State Symphony Orchestra complete the picture.

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