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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

Prof Naomi Morgan knighted by French Government

2015-02-02

Prof Naomi Morgan

Prof Naomi Morgan, lecturer at the UFS Department of Afrikaans and Dutch; German and French, received the prestigious Chevalier de l’Ordre des Arts et des Lettres award at the French Embassy in Pretoria on Monday 26 January 2015.

The Ordre des Arts et des Lettres (Order of Arts and Letters) is an Order of France, established on 2 May 1957 by the Minister of Culture, and its supplementary status to the Ordre national du Mérite was confirmed by President Charles de Gaulle in 1963. Its purpose is the recognition of significant contributions to the arts, literature, or the propagation of these fields.

Prof Morgan is being recognised for her translation work of plays such as ‘Oskar en die Pienk Tannies’, as well as translations of Afrikaans songs to French for the popular Afri-Frans compilation. The fact that the French Government gives such a highly-acclaimed award in recognition to the ‘art of translation’ is even more of an overwhelming honour to her than the personal achievement in itself.

The Chevalier (the Knighting) awarded to Prof Morgan is the third highest grade in the Order.

Prof Morgan now joins world-renowned individuals such as William Kentridge and Johnny Clegg on the list of foreign luminaries who have received this honour. Only two Literature Professors from South Africa – JM Coetzee and André P Brink – received this award in the past. During 1992, Brink received a Commandeur de l’Ordre des Arts et des Lettres and Coetzee was awarded the Chevalier de l’Ordre des Arts et des Lettres.

“I feel that an award like this is not only significant for me, but also to students who are busy with their studies and wondering: is there going to be recognition, what can one do with translation?” Prof Morgan said. “This is the biggest gift, the biggest gift anyone could ever give me. Now I ask for nothing more!”

For more information or enquiries contact news@ufs.ac.za .

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