Latest News Archive

Please select Category, Year, and then Month to display items
Previous Archive
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

Armentum RC disbanded and expelled
2009-05-14

The Residence Committee (RC) of Armentum Residence at the University of the Free State (UFS) has been disbanded and expelled.

This decision was taken as a result of the RC’s involvement in the incident of alleged initiation that took place in the residence last week and as a result of which a first-year student, Alex Marais, was admitted to the Bloemfontein Medi-Clinic.

Due to the coming exams they are, however, allowed to stay in on the residence until the end of the first semester of 2009. If they are involved in any actions that contravene the rules of the UFS during this period, they will be expelled from the university.

“This decision was not taken lightly. An in-depth investigation was carried out and discussions were held with various parties in the residence. Because the RC was aware of the initiation practices that were taking place and even participated in it, disciplinary action was taken against them,” said Prof. Teuns Verschoor, Acting Rector of the UFS.

“The RC was aware of the fact that initiation practices are not allowed at the UFS and what the consequences can be if students do participate in such practices. It is a pity that we had to take a step like this,” he said.

The RC members are given the opportunity to retain their places in university accommodation and to be resettled in a residence that will be stipulated by the UFS. A work committee must immediately be appointed in Armentum to manage the residence until a new RC is elected in August 2009.

A remunerative fine will be imposed on the tuition fee accounts of senior students of Armentum, which will be used as a contribution to the medical costs of Alex Marais. All students currently residing in Armentum will be required to reapply for accommodation in the residence for the second semester and sign a declaration indicating that they are aware of the rules and will adhere to it.

Media release
Issued by: Lacea Loader
Assistant Director: Media Liaison
Tel: 051 401 2584
Cell: 083 645 2454
E-mail: loaderl.stg@ufs.ac.za  
14 May 2009

We use cookies to make interactions with our websites and services easy and meaningful. To better understand how they are used, read more about the UFS cookie policy. By continuing to use this site you are giving us your consent to do this.

Accept