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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

New SANRAL Chair in Science, Mathematics and Technology Education

2014-09-19

MEC: Butana Khomphela
Photo: Jerry Mokoroane

The University of the Free State (UFS) in partnership with the South African National Roads Agency launched the SANRAL Chair in Science, Mathematics and Technology Education on the Bloemfontein Campus on 11 September 2014. Prof Loyiso Jita has been appointed as the first SANRAL Chair. He is a professor in the School of Mathematics, Natural Sciences and Technology at the UFS, where he shares his expertise in science teaching, which has been influenced by his broad and deep intellectual and experiential engagements both internationally and domestically.

Speaking at the event were Prof Jonathan Jansen, Vice-Chancellor and Rector of the UFS; Dr Choice Makhetha, Vice-Rector: External Relations; Prof Jita, the inaugural SANRAL Chair; the Free State MEC for Police, Roads and Transport, Mr Butana Komphela and Mr Nazir Alli, CEO of SANRAL.

At the event, Prof Jansen celebrated that “SANRAL has rewarded the faith in our children to do well in science and mathematics with this Chair.”

This SANRAL Chair in Science, Mathematics and Technology Education will help to improve the quality of teaching in these vital subjects at schools in the province. It complements the university’s School Partnership Project (SPP) – a flagship initiative launched by Prof Jansen.

The SANRAL endowment will enable the university to hone in on the ‘gateway subjects’ of mathematics and natural science. At school level, it will help to train teachers, support student-teacher interns, and incentivise education results so that participating schools become centres of excellence. At an academic level, the SANRAL Chair will supervise a cohort of doctoral and masters students, while also guiding research and publications in mathematics, science and technology education.

Through the endowment, SANRAL will assist the UFS in producing education leaders who can turn around maths and science education in disadvantaged schools throughout Southern Africa.

For the full text, read: New SANRAL Chair in Science, Mathematics and Technology Education

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