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12 December 2022 | Story Kekeletso Takang | Photo Supplied
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

International delegates rethink justice and righteousness at Theology conference
2015-09-07


Participants in the multidisciplinary conference hosted by the UFS Faculty of Theology, celebrated the 35th anniversary of the faculty with a festive dinner.

The Faculty of Theology at the University of the Free State (UFS) held a multidisciplinary conference from 24 to 26 August 2015, with the theme of ‘Re-thinking justice and righteousness in society’. A total of 26 papers were presented at the congress, with contributions from Theology, Economic and Management Sciences, the Humanities, and Law. Delegates from Nigeria, Zimbabwe, Zambia, and Belgium attended the conference, in addition to academics from the UFS.



Some of the keynote speakers at the international conference hosted by the UFS Faculty of Theology, ‘Re-thinking justice and righteousness in society’: Prof Fanie Snyman, Dean of the UFS Faculty of Theology, Rev Peter Awojobi, Rev Menard Musendekwa and Prof Ango Samuel.

“With this conference,” said Prof Fanie Snyman, Dean of the UFS Faculty of Theology, “we are positioning the faculty alongside other faculties whose insights and disciplines are important to Theology. A multidisciplinary forum also provides great possibilities for

cooperation across disciplines.”

The conference coincided with a visit to the UFS by students in the theological faculties at the Universities of Stellenbosch and Pretoria. These students attended some of the presentations, in addition to the other activities they were involved in.

The Faculty of Theology is celebrating its 35th anniversary this year, making it not only the youngest faculty at the UFS, but also the youngest theology faculty in South Africa. In this time, the faculty has established itself as a significant role player within the theological landscape, with important agreements having been reached with theological institutions in Europe, the USA, and Africa.

 

 

 

 

 

 

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