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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

Ranks of NRF researchers at Qwaqwa Campus strengthened

2014-11-03

From the left are: Profs Birhanu Dejene, Oriel Thekisoe, Drs Aliza le Roux and Geofrey Mukwada. (Prof Riaan Luyt was absent due to being abroad.)
Photo: Thabo Kessah

The list of researchers at the UFS Qwaqwa Campus rated by the National Research Foundation (NRF) was strengthened with the addition of Dr Geofrey Mukwada, who will have recognition as established researcher (C) from 2015.

Mukwada is working in the Department of Geography. His research focus is rural livelihoods, sustainable rural livelihoods, conservation of natural resources and climate change.

A total of 119 UFS researchers currently have evaluation and rating status from the NRF, says Nico Benson, Deputy Director: Research Development. Currently (October 2014) 29 researchers are still waiting for response from the NRF regarding applications submitted. A total of 16 ratings are already known. Ratings are valid for a period of six years and researchers are invited to apply for re-evaluation in the fifth year.

On the Qwaqwa Campus, Profs Riaan Luyt and Birhanu Dejene enjoy status as established (C) researchers – Prof Luyt in polymer nano-composites and polymer compounds and Prof Dejene in solar energy (photovoltaic).

Dr Aliza le Roux and Prof Oriel Thekiso are recognised as promising young (Y) researchers. Dr le Roux’s research focus is behavioural ecology, predator-prey interaction, spatial cognition, cognitive ecology, communication, zoology, individual-based modelling, animal behaviour (primates, carnivore biology) and socio-biology (mammals).

Prof Thekisoe is conducting research on applied molecular diagnostics, ectoparasites, blood parasites, helminthology, molecular parasitology, entomology and parasitology, veterinary parasitology, parasitological techniques, host-parasite interaction and zoonosis.

These researchers are proud export products of the University of the Free State.

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