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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

Travel 120 million light years this July holiday

2014-07-07

The first digital planetarium in sub-Saharan Africa – situated on Naval Hill, right here in Bloemfontein – opened on 1 November 2013. The University of the Free State (UFS) is managing this facility.

In view of the July holiday, special family programmes will be hosted on Friday night, 11 July 2014. The programme includes the following shows:

Nanocam
Nanocam (you shrink down to the size of an insect and fly through the eye of a needle) is a microscopic joyride into the five kingdoms of living organisms. The show offers a compelling, educational and funny approach to life that has never been seen like this before.

Fragile Planet
Fragile Planet offers a journey of 120 million light years to rediscover our home. The audience experiences an astronaut’s view of the earth, highlighting earth’s unique regions.

The pre-produced programmes are all in English, but the live presentation and tour through the universe will be alternately in Afrikaans or English.

Tariffs
Adults: R50
Learners, students and pensioners: R30

Buy tickets at
- The planetarium before shows;
- Computicket (at all Checkers, Shoprite, House and Home and Checkers Hyper shops);
Computicket’s enquiry centre (08619158000), or
- Online at www.online.computicket.com (look for ‘planetarium’), for mobile devices go to www.computicket.mobi (look for ‘planetarium’).

For any enquiries, you are welcome to contact Yolandie Loots at FickY@ufs.ac.za or on +27(0)51 401 9751.

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