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

Gate re-opens to allow limited access
2014-01-29

The end of 2013 has marked the escalation of the university’s stranglehold on crime. With the launch of the B|Smart Campaign, the entire Kovsie community has been sharpening their safety senses.

Amidst this drive towards increased safety on the Bloemfontein Campus, the university has made an interim decision to close one of the gates. As from 1 October 2013, the gate at Badenhorst Street in Universitas near Roosmaryn residence has been closed for traffic.

As the safety initiative is gaining momentum, the matter of the closed gate has recently been reviewed. The university provisionally decided to re-open the gate to grant limited entry for vehicles and pedestrians, with immediate effect.

Only staff and students of the university, and legitimate visitors to the Bloemfontein Campus, will be allowed access. The gate will only be open during weekdays between:

  • 06:30 – 08:30 and
  • 16:00 – 18:00.

No entry will be allowed during weekends, as has been the case in the past.

“A student or staff card will ensure easy access and anybody else would have to validate their reason for entering,” explained Mokgawa Kobe, Director of Protection Services. Legitimate visitors will have to explain or prove their reason for wishing to enter the campus, he said. Absolutely no thoroughfare will be allowed.

Electronic access control is being implemented and as soon as this has been completed, the gate will be fully operational again.

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