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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 Department of Computer Science and Informatics motivates programming success among learners

2015-04-23

From Sentraal High School are from the left: Albert Dreyer (full marks, Grade 9); Corlé van der Walt (full marks, Grade 10); Janco Venter (full marks, Grade 10); Soné du Pisanie (full marks, Grade 10) en Handré Venter (Grade 9).

A group of learners from the Free State, who are taught at and by the University of the Free State’s Department of Computer Science and Informatics (under the Python project), came first in the Talent Search round of the South African Computer Olympiad (SACO).

According to Dr Anelize van Biljon, senior lecturer in the Department of Computer Science and Informatics, the Olympiad is presented in three main rounds: the Talent Search, the Application Olympiad, and the Programming Olympiad.

At the UFS’s Department of Computer Science and Informatics’ Python project, pupils from various schools in Bloemfontein attend programming classes where they are taught by staff and students of the department. These students are benefitted by the opportunity to transfer their knowledge to others. All the classes are free of charge.

Anelize explains: “The name was chosen because we use the Python programming language. It is a language with considerable appeal – not one of the fastest – which can be learnt relatively quickly, and which conforms to SACO requirements. The purpose of this programming is to implement algorithms (the learner is given a problem, makes a plan to solve it, and does the necessary programming). Thus, it is not about the looks of the programme, but about its effectiveness and speed.”
Anelize is the initialiser and co-ordinator of the Python project. "I started this project in 2010 in the Department of Computer Science and Informatics for learners from Grades 6 to 12 to encourage them to take the subject. These classes exposed them to something more than school work. I enjoy this kind of competitions and am also very involved with Maths Olympiads.

Achievements such as these are good advertisements for the Department of Computer Science and Informatics,” she said.

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