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29 March 2022
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Story Teli Mothabeng
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Photo Supplied
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Philmon Bitso, Student Recruitment Officer, with the top-10 cohort of the class of 2021 Free State Star of Stars.
The Department of Student Recruitment Services at the University of the Free State (UFS) hosted its annual Free State Star of Stars competition at the Amanzi Private Game Reserve during the first week of March. The event saw some of the brightest young minds in the Free State inducted as UFS first-year students into this year’s top-10 cohort for the competition. This marks the first Star of Stars event since the beginning of the COVID-19 pandemic.
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This new cohort consists of a dynamic group of academically gifted students from Quintile 1-3 schools in the Free State who are currently enrolled for different UFS academic programmes, ranging from Medicine, Law, Education, and various Bachelor of Science courses. Many of these students had to overcome insurmountable challenges to perform as well as they did in their Grade 12 academic year and to become part of the top-10 cohort for the class of 2021. Due to the COVID-19 pandemic, the Department of Student Recruitment Services was forced to take a different approach to celebrate these deserving students; consequently, a weekend-long induction camp was the substitute for the annual gala dinner.
Apply for the 2022 Free State Star of Stars competition
The UFS realised the need to establish a platform that recognises and celebrates the diverse and, in most instances, difficult circumstances that disadvantaged schools (Quintile 1-3) are facing. Consequently, the Star of Stars competition was developed and established in 2016. This competition provides disadvantaged Grade 12 learners from all districts in the Free State an opportunity to showcase their excellence, while motivating them to aspire to achieve more.
UFS and BMF present a crash course on Financial Literacy for Young Entrepreneurs
2017-08-23
Starting a business, big or small, can be a really difficult task – especially if you are not equipped with the basic business knowledge to help you kick-start this project.
For this reason, the University of the Free State (UFS), in collaboration with the Black Management Forum (BMF), held a Financial Literacy Workshop for Young Entrepreneurs on the Bloemfontein Campus early last week to assist in this regard.
Young entrepreneurs equipped with business knowledge for start-ups
The purpose of the workshop, which was presented by Francois Marais and Eduard Loots from Riskflow, was to equip young entrepreneurs with knowledge and skills to assist them in the business world. The main focus was on training start-up businesses to prepare business plans, and training was given to researchers, developers, and innovators on how to commercialise their inventions.
Ansie Barnard, Senior Officer in the UFS Business School, says since the involvement of the school in entrepreneurship development over the past few years, they came to the realisation that many of these new businesses tend to fail within a year because they do not have a suitable financial model.
“This is the reason why we utilised Riskflow Financial Modelling Software, since it does all the accounting calculations on their behalf,” says Barnard.
Introduction to basic business banking
In addition to this, the participants were introduced to the basics of business banking, with Standard Bank and the Industrial Development Corporation (IDC) as the guest presenters providing them with this information.
BMF’s Rozanne Brown says that many of these young entrepreneurs have the desire to succeed in business; therefore there is a need for this type of workshop.
BMF and the UFS Business School will look into hosting more entrepreneurial workshops in the future,” says Brown. All attendees of the workshop will receive certificates for their participation.