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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

Volksblad (Editorial) Transformation recipe (Afrikaans)

2007-02-13

(Editorial - Afrikaans)

Dinsdag 13 Februarie 2007
Hoofartikelblad

Transformasie-resep

DIE transformasieproses in Suid-Afrika kan vooruitgang pootjie as dit nie reg aangepak en deurgevoer word nie.

Anders gestel: 'n Onbekookte, ondeurdagte proses kan soveel skade aanrig dat dit die land jare gaan neem net om weer op die been te kom.

Dit is hierdie slaggate waarteen prof. Adam Habib, direkteur van demokrasie en regering by die RGN, waarsku. Transformasie in die hoër onderwys is hier ter sprake, maar belangrike lesse is ook vir die res van die staatshuishouding te leer.

Habib het op 'n gespreksgeleentheid op die Wits-kampus gesê universiteite kan binne 10 tot 15 jaar sterf as niks gedoen word om nuwe, jong akademici van gehalte te werf nie. In hul poging om te transformeer en "swart boude op sitplekke te kry" het universiteite so agtergeraak met hul doelwitte dat hulle nou selfs van swakker gehalte is as vroeër. "Speletjies" word met transformasie gespeel en 'n "malheid" rondom syfers is aan die gang.

Instellings fokus so daarop om hul kwota-mikpunte te bereik, sê die professor, dat dienslewering en kundigheid die kreeftegang gaan. "So kry 'n mens 'n situasie waar die adjunk-president dan aankondig sy moet Indië toe gaan om vaardige mense te kry."

'n Mens kan net hoop dat hierdie waarskuwings op die regte ore val.

Transformasie is nodig, maar beslis nie tot elke prys nie.

Dit kan die hoëronderwys-sektor loon om te kom kyk waarheen die Universiteit van die Vrystaat met sy Institusionele Manifes op pad is.

Die manifes, tans nog 'n besprekingsdokument, gaan die transformasieproses van die UV rig met as einddoel 'n instelling waar alle Suid-Afrikaners plek sal hê en tuis sal voel, maar waarin kernwaardes soos akademiese gehalte en die volgehoue versterking van kernbevoegdhede en -vermoëns ononderhandelbaar is.

Dit is sekerlik die enigste pad na transformasie-welslae wat Suid-Afrika kan en moet loop.

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