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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 council appoints new representatives

2006-06-14

From the left are Dr Vicky le Roux and Mr Jan Grobler, both are former members of the Executive Committee of the Council, Judge Faan Hancke, chairperson of the Council, and Prof. Frederick Fourie, Rector and Vice-Chancellor of the UFS.
Photo: Stephen Collett

UFS council appoints new representatives

Three new representatives were elected on the University of the Free State’s (UFS) Council during its second seating for 2006. This includes representatives from the religious community, alumni, donors and the Minister of Education.

Ms Cheryl Gillwald, former Deputy Minister of Correctional Services, has been appointed by the Minister of Education as ministerial representative in the place of Prof Shirley Walters and will serve for the rest of Prof Walters’ term.

Father Patrick Towe, Roman Catholic priest from Bloemfontein, was appointed as representative of the religious community. Father Towe is member of the Missionary Oblates of Mary Immaculate and chairperson of the UFS Campus Ministries.

Adv Mauritz Randlehoff, joint deputy chairperson of the national Kovsie-Alumni Association and deputy chairperson of the Kovsie-Alumni Trust, was elected as one of the three representatives out of UFS alumni on the Council. Judge Faan Hancke was re-elected as representative of the alumni for a second term.

Mr Klippies Steenkamp as representative of the UFS donors has also been re-elected. He was, among others, chairperson of the Kovsie-Alumni Association and founding member of the Kovsie-Alumni Trust’s council of trustees.

The university also bid farewell to two members of Council, Dr Vicky le Roux and Mr Jan Grobler. Both were members of the Executive Committee of the Council. Mr Grobler represented the UFS Council in the Institutional Forum and Dr le Roux was a representative of the Council in the Institutional Forum and the Senate. Together they have serve thirty nine years on the Council.

Media release
Issued by: Lacea Loader
Media Representative
Tel: (051) 401-2584
Cell: 083 645 2454
E-mail: loaderl.stg@mail.uovs.ac.za
13 June 2006

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