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Fostering entrepreneurship among young people

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

New coach for Shimlas

2012-05-24

The University of the Free State (UFS) will soon fill a newly created position, namely that of Director of Rugby.

The successful candidate will, amongst others, be the head coach for the Shimla rugby team and will also be involved in the recruitment of young talent, the contracting of rugby players and certain obligations at the UFS/Cheetahs Rugby Academy.

This decision was taken during a joint brainstorming session between the university and the UFS Rugby Club about rugby at the university on Friday 18 May 2012. The performances of the Shimla team during the past Varsity Cup Series was also discussed. “The meeting took place in a good spirit and it is a hopeful sign to observe that the university is prepared to go out of its way to ensure that the Shimlas perform, particularly in the Varsity Cup”, said Mr Marius van Rensburg, Chairperson of the UFS Rugby Cup.

Mr Jaco Swanepoel, current Shimla coach, retains his position as Head Coach of Rugby at the UFS, as well as certain commitments to function more strongly within the junior rugby structures and to train coaches.

According to Mr Van Rensburg, the position will be advertised as quickly as possible. The successful candidate will also have to assume duty soon, because preparations for next year’s Varsity Cup have to commence around September this year.

“Shimlas is a high-profile is team with a proud history and a major role player in SA rugby; therefore we expect to receive good applications. The panel that has to make the appointment will, amongst others, consist of two former Shimla Springboks, a former Shimla/Cheetah player and a former Springbok conditioning trainer.

The restructuring of the management model of the UFS Rugby Club is also envisaged, which will also bring about certain changes to the club’s constitution.

Media Release
24 May 2012
Issued by: Lacea Loader
Director: Strategic Communication
Tel: +27(0)51 401 2584
Cell: +27(0)83 645 2454
E-mail: news@ufs.ac.za

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