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12 December 2022 | Story Kekeletso Takang | Photo Supplied
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

New publication on groundwater remediation soon to be introduced
2017-05-05

Description: Prof Abdon Atangana groundwater remediation Tags: Prof Abdon Atangana groundwater remediation

A new book from Prof Abdon Atangana from
the UFS Institute for Groundwater Studies
proposes new techniques for groundwater
remediation, including guidelines on how chemical
companies can be positioned in any city to avoid
groundwater pollution.
Photo: Pixabay

A new publication, Fractional Operators with Constant and Variable Order with Application to Geo-Hydrology, will be published later this year, on 1 November 2017. The author, Prof Abdon Atangana, from the Institute of Groundwater Studies at the University of the Free State, said the book proposes new techniques for groundwater remediation, including guidelines on how chemical companies can be positioned in any city to avoid groundwater pollution.

Focus of the book
Prof Atangana said researchers and practitioners interested in groundwater modelling and remediation from applied mathematical and geo-hydrology backgrounds, will benefit from reading this book.

According to Elsevier, the book provides a physical review of fractional operators, fractional variable order operators, and uncertain derivatives to groundwater flow and environmental remediation. It presents a formal set of mathematical equations for the description of groundwater flow and pollution problems using the concept of non-integer order derivative. Both advantages and disadvantages of models with fractional operators are discussed.

“Researchers and practitioners
interested in groundwater modelling
and remediation from applied
mathematician and geo-hydrology
backgrounds, will benefit from
reading this book.”

About the author
Prof Atangana specialises in applied mathematics, groundwater modelling, fractional calculus and their applications, methods for partial differential equations, methods for ordinary differential equations, iterations methods, asymptotic methods, perturbations methods, and numerical method for fractional differential equations, uncertainties analysis. He has participated in 18 international conferences, organised six special sections and symposiums in international conference in Europe, Africa, Asia and USA, and has been invited as plenary speaker in eight international conferences. He also serves as editor on 20 international journal of mathematics and applied mathematics and editor-in-chief of two international journals of applied mathematics.

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