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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

Kesa, UFS cross-country teams shine at USSA

2016-10-24

Description: ’Manapo UFS cross-country Tags: UFS cross-country

The Kovsies 8 km women’s team
was crowned as champions at
the USSA cross-country meeting
in Richards Bay. From the left are
Marne Mentz, Lizandre Mulder,
and Kesa Molotsane.
Photo: Sarina Cronje

The University of the Free State (UFS) not only boasts a South African women’s cross-country champion, one of its women’s teams is also the best university team in the country.
The Kovsies 8 km women’s team was crowned the winners at the University Sports SA cross-country event in Richards Bay, while the 10 km men’s team finished second.

Kovsies men take second place

The women’s team consisted of Kesa Molotsane, Marne Mentz, and Lizandre Mulder. They respectively came in first, third and fifth at the USSA meeting held at the University of Zululand on 30 September and 1 October 2016. In the women’s competition, the times of the first three competitors are used to determine the team placements.

The UFS 4 km women’s team finished in 5th place.

The successful UFS 10 km men’s team consisted of four members from the Qwaqwa Campus – Lesedi Radebe (4th), Lebohang Miya (8th), Moorosi Semase (10th), and Lindobuhle Miya (11th). In the men’s competition, the times of the first four men in each team are taken into account.

The Kovsies 4 km men’s team finished sixth.

Molotsane’s dream year continues

Molotsane, assistant officer at KovsieSport, is experiencing a dream year. On 10 September 2016 she was crowned as national cross-country champion over 10 km when she represented the Free State in George. Mentz was third in George over 4 km.

Molotsane improved her own record in the 3 000 m at the Clover athletics meeting in Bloemfontein on 15 October 2016. Her time of 09:51.03 was much better than her previous record time of 10:03.97.

In the USSA road relay in Richards Bay on 1 October 2016, the Kovsies women’s team finished third in the 3 x 2 km relay. The men came fifth in the 4 x 4 km relay.

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