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02 March 2023 | Story Kekeletso Takang | Photo Supplied
EMS Entrepreneurship awards ceremony
The School of Accountancy hosted the award ceremony for attendance of the event in the Centenary Complex on the Bloemfontein Campus of the University of the Free State, issuing certificates of completion to the entrepreneurs who were part of the programme in collaboration with the National Youth Development Agency.

Concerns are constantly raised in South Africa that graduates do not have the requisite practical skills when entering the world of work. Along with this, the country grapples with a high youth unemployment rate that is higher than the national average. The University of the Free State (UFS) attempts to bridge this gap. 

In partnership with the National Youth Development Agency (NYDA), the UFS School of Accountancy (SOA) recently held a training programme for approximately 100 Free State youth in need of entrepreneurial upskilling. The training, aimed at developing entrepreneurial skills among the youth, took place on the Bloemfontein Campus over several sessions. 
This comes at a time when the UFS intends to maximise its societal impact with sustainable relationships through its Vision 130. 

On 22 February 2023, participants were awarded certificates of attendance at a prestigious event held on the Bloemfontein Campus.z

Addressing the participants at the event, Tumi Dithebe, Regional Manager of the Free State NYDA office, said he was impressed by the high level of commitment displayed by the participants during the training, and hoped that it would extend to how they manage their businesses. “Today, we are gathered here to acknowledge your achievement and to celebrate the partnership with the UFS.” 

Meaningful partnerships

“The School of Accountancy has had a working relationship with the SETA for Finance, Accounting, Management Consulting, and Other Financial Services (FASSET) since 2015. FASSET introduced the SOA to the NYDA, which was looking for a public institution to assist with the training of entrepreneurs,” said James Veitch, Senior Officer in the School of Accountancy. “We are in the process of negotiating a mentoring process to extend the influence of the training.” 

Entrepreneurship upskilling is a growing need in the business environment. While formal programmes offer hard skills development, training workshops such as this one provides an in-depth practical approach to support young people in mastering day-to-day challenges. 

Partnerships with various stakeholders are critical to providing young people with the skills they need to succeed in entrepreneurship. No one institution can do it alone. Initiatives should be sustainable and adaptive to the constantly evolving business environment. 

Vusi Peter, one of the participants with an information technology business, said the training has afforded him the opportunity to learn about financial management and business modelling. “Many times, we tend to neglect the management side of things when running a business. This training was a reminder to take care of the basics and to ensure that our businesses comply.”

News Archive

Academic receives honorary medal in Slovakia
2008-10-09

 

Prof Riaan Luyt (right) receives his medal from the Director of the Polymer Institute, Slovak Academy of Sciences, Dr Jozef Rychly.

  

Prof Riaan Luyt, professor in Chemistry and head of the Natural Sciences Programme at the Qwaqwa Campus of the University of the Free State, received an honorary medal from the Polymer Institute of the Slovak Academy of Sciences on Monday 29 September during a conference in the High Tatras mountains of Slovakia.

During the event Prof Luyt also presented a lecture entitled ‘Paraffin wax in polymer blends and composites: Is it worth investigating?’. In this lecture he gave an overview of the research that he and his group did over a period of 10 years in collaboration with scientists at this institute. The results of this research was published in eighteen international papers and one research book chapter.

Prof Luyt’s research at the Qwaqwa Campus involves polymer blends and composites, and he has already published 82 papers in international, peer reviewed journals, as well as two book chapters. At present his research group consists of nine doctoral and five master’s degree students, as well as a postdoctoral fellow. The postdoctoral fellow is from Nigeria, and one of the doctoral students is from Sudan.

Prof Luyt and his group collaborate formally internationally with groups in Kottayam (India), Modena (Italy), Budapest (Hungary) and Bratislava (Slovakia). He also collaborates informally with groups at the Universities of Pretoria and Stellenbosch, and with a group in Johor Bahru (Malaysia).

He previously received recognition for his research from the Faculty of Natural and Agricultural Sciences at the University of the Free State (Award for Outstanding Research in 2005) and from the Qwaqwa Campus of the UFS (Jubilee Medal and Certificate for Outstanding Research in 2007).
 

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