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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

Three Kovsies in Protea Women’s Hockey team

2015-10-12

Tanya Britz
Photo: Johan Roux

Three Kovsies were included in the Protea Women’s Hockey team to compete in a qualifying Africa tournament for the Olympic Games.

Tanya Britz, Nicole Walraven, and Cornelle Botha were chosen to represent their country in Randburg, Johannesburg, from 23 October to 1 November 2015.

All three have been playing for the Kovsie Women’s Hockey team in the Varsity series. The team lost in the finals against the University of Johannesburg in Bloemfontein.

The trio are the only Free State players in the South African group.

Five current Protea players from the University of the Free State (UFS) formed part of the provisional South African squad for the tournament in Randburg.

The other two not fortunate enough to be included in the final Protea team were Liné Malan and Izelle Lategan.

All five players formed part of the Free State Women’s Team that reached the semi-finals in Division A of the interprovincial tournament for the first time since 1986.

Britz, who is nearing 50 tests for South Africa, will probably play club hockey overseas next year.

Walraven, who was named as South Africa’s U21 Player of the Year, and Botha both made their debut on senior level for their country this year.

Both would probably still be available for Kovsies next year.

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