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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 graduates encouraged to continue their legacy

2016-04-25

A total of 3681 qualifications, from seven different faculties, were conferred between 12 to 15 April 2016 at the University of the Free State Autumn Graduations on the Bloemfontein Campus.
Photo: Evert Kleynhans

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Graduation Video Clip

“You cannot let your legacy stop here. Use your qualifications to change the life of others.”

This was the call from Dr Muavia Gallie, a guest speaker at one of the Autumn Graduations on the Bloemfontein Campus of the University of the Free State (UFS). He is a School-Turnaround strategist and educational activist.

He was the speaker on 12 April 2016 at the Faculty of Education graduation ceremony in the Callie Human Centre. According to Dr Gallie and other speakers at the graduations, graduates need to use their qualifications for the good of South Africa.

A diverse group of graduates

A total of 3681 qualifications were conferred in seven faculties between 12 and 15 April 2016, the week of ceremonies comprising eight sessions. It was four days of festivities with friends and families gathering to celebrate with graduates.

The large number of graduates consisted of a diverse group. According to Dr Khotso Mokhele, Chancellor of the UFS, the group passing with distinctions was also much more diverse than in past years, especially in the number of female students.

Prof Jonathan Jansen, Vice-Chancellor and Rector of the UFS, said graduation ceremonies remain the most special days on the UFS calendar.

A total of 22 students from the Center for Universal Access and Disability Support also graduated during the week.

Work for next generation

Sello Hatang, the speaker on 12 April 2016 at the Faculties of Health Sciences, Law, and Theology ceremony, echoed Dr Gallie’s sentiments; “As you leave this university, your work begins for the next generation; to serve the people you care about in any way possible,” said Hatang, the Chief Executive of the Nelson Mandela Foundation.

Other speakers included Dawie Roodt, the most referenced economist in the media in 2015, at the ceremony of the Faculty of Economic and Management Sciences on 14 April 2016. The speaker on 15 April 2016 at the ceremony of the Faculty of Humanities was Nikiwe Bikitsha, one of South Africa’s leading journalists and broadcasters.

Achievers

In the Faculty of Natural and Agricultural Sciences, Madri Brink (Baccalaureus Scientiae Agriculture) received a Senate Medal for the best four-year Baccalaureus degree, while Kyla Hayter (Baccalaureus Scientiae Honores) won the Senate Medal for the best Honours student at the UFS. Willem Carel Brink from the Faculty of Humanities received a Senate Medal for the best three-year Baccalaureus Degree.

Deans’ medals awarded by the UFS.

Also see videos of the respective guest speakers:
Dr Muavia Gallie
Sello Hatang
Dawie Roodt
Nikiwe Bikitsha

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