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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

UFS Department of Architecture Building receives SAIA Award

2014-08-21

The South African Institute of Architects (SAIA) conferred a national merit award on renovations and additions to the DHET UFS Department of Architecture Building. The UFS is very proud of this award.

The building, which was completed in 2012, was designed by Typology Architects' director, Henry Pretorius. Pretorius is also the Head of the Department of Architecture at the UFS.

“The merit award by the South African Institute of Architects, which was presented on 1 August 2014 at the International 2014 UIA congress (held for the first time in South Africa), is a great honour. Not only does the award recognise my work as an architect, it also brings back a certain degree of pride to the Free State and especially the UFS’s Department of Architecture,” says Pretorius.

The SAIA Awards Programme runs over two years to coincide with the presidential term of office, starting with the Regional Awards for Architecture during the preceding year.

A total of forty-nine (49) entries for varying buildings were received from the regions. The project range included residential projects, new public buildings, restoration of heritage projects and an academic research project.

From these submissions, fourteen (14) projects received merit awards, of which eight (8) projects received excellence awards.

The adjudication panel comprised:
• Sandile Ngonyama: SAIA President
• Paul Kotze: Architect, planner and academic from WITS
• Malcolm Campbell: Architect from ACG Architects in Cape Town
• Annemarie Meintjies: Deputy editor of VISI magazine, representing a prominent member of the public
• Peter Kidger: representative of Corobrik, sponsor of the awards.

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