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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

Quantity Surveying celebrates many firsts

2014-10-20

From the left are: Pierre Oosthuizen, Prof Kajimo-Shakantu and Dr Stephan Ramabodu
Photo: Ifa Tshishonge

The Department of Quantity Surveying at the University of the Free State (UFS) has much to be proud of. With Prof Kahilu Kajimo-Shakantu as Head of the Department of Quantity Surveying, the department is celebrating several firsts.

For the first time, the department has four academics with PhDs. This includes Prof Kajimo-Shakantu, Dr Stephan Ramabodu, Dr Timothy Froise and Dr Benita Zulch. It is also the first time that this department is managed by a woman.

Furthermore, the Department of Quantity Surveying has performed very well at this year’s national Quantity Surveying Conference held in Pretoria, where they walked away with four of the seven awards.

The awards were:

•   Best presenter: Pierre Oosthuizen (lecturer)
•   Most innovative presenter: Pierre Oosthuizen (lecturer)
•   Best paper on engineering projects: Prof Kahilu Kajimo-Shakantu
•   Best academic paper: T Monyane (postgraduate student) and Dr Stephan Ramabodu (lecturer)

The South African Council for the Quantity Surveying Profession (SACQSP) also presented two prestigious life achievement awards. One of these were bestowed upon Prof Basie Verster from the UFS for his contribution to quantity surveying since the 1970s.

The university is especially proud of Dr Stephen Ramabodu, lecturer in the Department of Quantity Surveying, who completed his PhD this year. This makes of him the highest qualified quantity surveyor in the department and one of only a few holders of a quantity surveying PhD in the country. Dr Ramabodu is also registered with the South African Council for Quantity Surveying Professionals.

Prof Kajimo-Shakantu said the following of Dr Ramabodu. “Since 2002, Stephan was appointed as a lecturer in a programme called Grow Your Own Timber at the UFS. Later on, he went to Cape Town to gain some commercial experience, where he worked for Davis Langdon in 2005. In 2008, he returned to the Free State, where he established Ramabodu & Associates. Later on in the same year, he returned to the UFS as a lecturer to complete all the remaining milestones of the Grow Your Own Timber programme.

“The university looks forward to Stephen’s increased responsibilities and contributions, not only in teaching and learning, but also in research, mentoring and community engagement.”

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