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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

UFS Department of Architecture Building receives SAIA Award

2014-08-21

The South African Institute of Architects (SAIA) conferred a national merit award on renovations and additions to the DHET UFS Department of Architecture Building. The UFS is very proud of this award.

The building, which was completed in 2012, was designed by Typology Architects' director, Henry Pretorius. Pretorius is also the Head of the Department of Architecture at the UFS.

“The merit award by the South African Institute of Architects, which was presented on 1 August 2014 at the International 2014 UIA congress (held for the first time in South Africa), is a great honour. Not only does the award recognise my work as an architect, it also brings back a certain degree of pride to the Free State and especially the UFS’s Department of Architecture,” says Pretorius.

The SAIA Awards Programme runs over two years to coincide with the presidential term of office, starting with the Regional Awards for Architecture during the preceding year.

A total of forty-nine (49) entries for varying buildings were received from the regions. The project range included residential projects, new public buildings, restoration of heritage projects and an academic research project.

From these submissions, fourteen (14) projects received merit awards, of which eight (8) projects received excellence awards.

The adjudication panel comprised:
• Sandile Ngonyama: SAIA President
• Paul Kotze: Architect, planner and academic from WITS
• Malcolm Campbell: Architect from ACG Architects in Cape Town
• Annemarie Meintjies: Deputy editor of VISI magazine, representing a prominent member of the public
• Peter Kidger: representative of Corobrik, sponsor of the awards.

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