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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

UV betreur afsterwe van baanbreker

2006-06-21

Die hoofbestuur van die Universiteit van die Vrystaat (UV) het met hartseer verneem van die afsterwe van dr. Barnie Human.

Dr. Human het ‘n B Com- en honneursgraad aan die UV verwerf. Sy bande met die UV strek oor amper veertig jaar. Hy was vanaf 1967-1995 lid van die UV-Raad en was vir meer as dertig jaar betrokke by fondswerwingsprojekte vir die Ontwikkelingstrustfonds van die UV. In 1977 is hy verkies tot nasionale voorsitter van die UOVS Oudstudente Reünie, voorloper van die latere Kovsie-Alumni Bond. Hy is in 1981 deur sy alma mater vereer met ‘n eredoktorsgraad in ekonomie.

Dr. Human, wat deurlopend baie aktief betrokke by die aktiwiteite van die Kovsie- Alumni Bond, het in 1985 die Bond se hoofbestuurstoekenning ontvang vir uitsonderlike diens gelewer aan die UV. Hy is ook in 1993 aangewys as ere-trustee van die Ontwikkelingstrustfonds.

In Oktober 2004 het die UV hom vereer met ‘n Eeufeesmedalje vir sy bydrae tot die ontwikkeling van die UV se fondsinsamelingsaksies, veral ten opsigte van die vestiging van fisiese fasiliteite op die Hoofkampus in Bloemfontein. Sy geldelike bydrae het die UV in staat gestel om die Callie Human-sentrum te bou. Die sentrum is ter nagedagtenis van sy seun, Callie wat in 1967 in ‘n motorfietsongeluk oorlede is, opgerig.

“Dr. Human was ‘n ware steunpilaar vir die UV. Ons is dankbaar dat ons hom in 2004 daarvoor kon vereer met ‘n Eeufeesmedalje voor sy afsterwe,” sê prof. Frederick Fourie, Rektor en Visekanselier van die UV.

“Ons simpatiseer ook met mev. Swannie Human en die egpaar se dogter, mev. Christina Strydom. Dr. Human laat nie net ‘n leemte in die Bloemfonteinse sakewêreld nie, maar ook in die harte van die mense aan die UV wat hom geken het en saam met hom gewerk het,” sê prof. Fourie.

Mediaverklaring
Uitgereik deur: Lacea Loader
Mediaverteenwoordiger
Tel: (051) 401-2584
Sel: 083 645 2454
E-pos: loaderl.stg@mail.uovs.ac.za
21 Junie 2006

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