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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

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Students attend prestigious National Astrophysics and Space Science Programme
2014-08-22


From the left are: Thokozane Ngcongwane with Mbali Xaba and Thabo Kumalo (both third-year Physics and Chemistry students).

Three students from our Qwaqwa Campus – Thokozane Ngcongwane, Mbali Xaba and Thabo Kumalo – were recently selected to attend the prestigious National Astrophysics and Space Science Programme (NASSP). The programme – in partnership with the National Research Foundation (NRF) – ran for two weeks at the South African Astronomical Observatory (SAAO) in Cape Town.

The project targets students from formerly disadvantaged institutions of higher learning, where astronomy and astrophysics are not offered.

Students are invited to apply for the programme, with emphasis placed on students majoring in mathematics and physics. Students from other fields are also invited to apply, though. The programme allows for the development of black astronomers and astrophysicists, which are in demand in the ever-growing environment of astronomy in South Africa.

“Topics such as gravitational lenses, black holes, stellar evolution and the mysteries of cosmology were presented and students were invited to engage with the speakers during and after the presentations,” said Ngcongwane, a third-year Zoology and Entomology student.

The programme challenged them to work on basic astrophysical concepts in groups while individual written assignments were part of the learning process as well.

“Given the lack of information about the complexities of astronomy the students had, this was the most ideal time to learn about all matters astronomy and astrophysics as lectures offered a lot to young and excited minds,” Ngcongwane said.

 

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