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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

Plant researcher receives prestigious Grain SA award

2016-10-21

Prof Zakkie Pretorius from the UFS Department
of Plant Sciences with Andries Theron,
vice-chairman of Grain SA. Theron presented
the award to Prof Pretorius at Grain SA’s a
nnual gala event, which was held in Midrand
this year.
Photo (read more): Supplied
Photo (spotlight): Charl Devenish

A researcher in the Department of Plant Sciences at the University of the Free State (UFS), Prof Zakkie Pretorius, received the prestigious Grain Producer of the Year Inspiration Award during the annual gala event of Grain SA. Grain SA provides strategic commodity support and services to South African grain producers to assist in the sustainability of the sector.

This award is presented to individuals or organisations in appreciation of excellent contributions to the grain industry. These individuals have also achieved extraordinary results in their respective fields.

Research in the interest of food security
Prof Pretorius has been involved in research on plant diseases and food crops for the past 38 years. His research focus, rust diseases in crops, is especially important for food security.

According to Prof Pretorius, who collaborates with an extensive network of specialist colleagues, his research covers a variety of topics including rust race identification, the discovery of new resistance genes, characterisation of resistance expression in plants, and the mapping of genes. His focus is not only on wheat, but he also researches rust diseases in oats, barley, maize, dry beans, lentils, sunflowers, and soybeans.

Breeding of rust-resistant varieties gains scientific basis
Locally, he has been contracted for several years by the Winter Grain Trust to annually evaluate commercial wheat cultivars and elite germplasm. This information is regularly passed on to the relevant seed companies and breeders, and is also included in the production guidelines of the Agricultural Research Council for disease risk assessment. His research places the breeding and selection of rust-resistant varieties on a solid scientific foundation. A living collection of rust fungus cultures and a large germplasm collection are maintained at the UFS under his supervision.

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