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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

A struggle without documentation is no struggle – exhibition by internationally acclaimed Dr Peter Magubane
2014-08-06

 
The latest exhibition of one of South Africa’s most internationally acclaimed photographers, Dr Peter Magubane, has arrived on our Bloemfontein Campus. The exhibition features photographs taken by Dr Peter Magubane from 1954 – 1994. From the township streets to the hallways of power, Dr Magubane has spent more than half a century photographing the struggle against apartheid and significant social issues.

The Johannes Stegmann Art Gallery, in association with Absa, are hosting the exhibition called ‘A struggle without documentation is no struggle’ from 13 August to 12 September 2014. The photographs are displayed in the Centenary as well as the Johannes Stegmann Galleries on the Bloemfontein Campus.

Dr Magubane has received numerous accolades for his dedication and outstanding contribution to the world of photography. These include:
• the Mother Jones-Leica Lifetime Achievement Award,
• the Martin Luther King Luthuli Award,
• a Fellowship from the Tom Hopkinson School of Journalism; and
• four Honorary Doctorates from various South African universities.

In the period from June 1969 to 1971, Dr Magubane spent a total of 586 days in solitary confinement and was later banned as a photographer in South Africa for five years. From the 1980s, he worked for Time magazine. In 1990 he was selected as Nelson Mandela’s official photographer to chronicle South Africa’s transition to a new political dispensation.

Today, Dr Magubane mainly focuses his lens on the diverse traditions and cultural practices of South Africans. 

Dr Magubane gave a presentation on 14 August 2014 in the Johannes Stegmann Art Gallery.

For more information, please contact Angela de Jesus at dejesusav@ufs.ac.za  or +27(0)51 401 2706.

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