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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 awards honorary doctorates during spring graduation ceremony

2004-09-20

The University of the Free State (UFS) will award three honorary doctorates this week during its spring graduation ceremony.

The graduation ceremony will take place on Wednesday 22 September 2004 and the honorary doctorates are Dr Calvin Seerveld (D Phil (hc), Prof YK Seedat (MD (hc) and Dr Mary Seely (D Sc (hc).

“The doctorates come from a wide spectrum of specialty fields and serve as proof of the UFS’s policy to give recognition to people who stand out and make a difference,” says Prof Frederick Fourie, Rector and Vice-Chancellor of the UFS.

Dr Calvin Seerveld (D Phil (hc) will receive an honorary doctorate for his academic leadership at the Institute for Christian Studies in Toronto and the wide international recognition he has received throughout his career in various subject areas, eg philosophical aesthesia, the theory of art, the methodology of the description of the history of art and continental philosophy.

Prof YK Seedat (MD (hc) will receive an honorary doctorate for his extraordinary contribution to medicine in South Africa. His research in the field of hypertension in blacks received international recognition and significantly contributed to the understanding of the pathophysiology of this condition.

In the mid-eighties Prof Seedat was instrumental in supporting the bid from the Faculty of Medicine at the University of the Orange Free State (UOFS) to host the first Colleges of Medicine of South Africa examination in Bloemfontein. This started a tradition that is still being maintained. Prof Seedat is a researcher at the Faculty of Health Sciences at the University of Kwa-Zulu Natal.

The Executive Director of the Desert Research Foundation of Namibia, Dr Mary Seely (D Sc (hc)), will be honored for the impact she has made on the development of environmental management in the drier parts of the southern African subcontinent. Though her research has been concentrated in Namibia, she has affected the professional lives of large numbers of ecologists, environmental scientists and environmental managers.

According to Prof Fourie the three doctorates form part of the greater group of 18 who will be honored by the UFS during its centenary year. The last group will be receiving their honorary doctorates in October 2004.

Media release
Issued by: Lacea Loader
Media Representative
Tel: (051) 401-2584
Cell: 083 645 2454
E-mail: loaderl.stg@mail.uovs.ac.za
20 September 2004

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