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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 honours many during Autumn diploma and graduation ceremony

2007-04-16

The University of the Free State (UFS) will award 797 diplomas and 2 633 degrees from 23-26 April 2006 during this year’s autumn diploma and graduation ceremony. Students from the Main Campus and Vista Campus will take part in the ceremony.

Altogether 32 doctorates and two honorary doctorates will be awarded. The honorary doctorandi are Prof. Barend Johannes (Bannie) Britz and author Mr Khotso Pieter David Maphalla.

On 26 April 2007 Prof. Britz will be honoured for his contribution to architecture when the degree D.Arch. (h.c.) will be awarded to him.

Mr Maphalla will be honoured for his contribution to the development of the Sesotho language and culture. He will receive the degree Ph.D. (h.c.) on 12 May 2007 during the graduation ceremony of the Qwaqwa Campus.

On 23 April 2007 at 08:30 altogether 497 diplomas will be awarded in the upgrading programmes of the School of Education in the Faculty of The Humanities, namely A.C.E, N.P.D.E. and C.E. At 14:30 on the same day 300 diplomas will be awarded to students from all the faculties.

On 24 April 2007 at 08:30 altogether 442 degrees and three doctorates will be awarded in the School of Education and at 14:30, 461 degrees and four doctorates will be awarded in the Faculty of The Humanities, excluding the School of Education.

On 25 April 2007 at 08:30 altogether 296 degrees and one doctorate will be awarded to students in the Faculty of Economic and Management Sciences. This includes students in B.Acc., B.Admin., B.Pub., related honours degrees and all masters and doctors degrees. At 14:30 on the same day degrees will be awarded to 482 students from the Faculty of Economic and Management Sciences, excluding students in B.Acc., B.Admin., B.Pub., related honours degrees and all masters and doctors degrees.

On 26 April 2007 at 08:30 altogether 595 degrees, 19 doctorates and one honorary doctorate will be awarded in the Faculty of Natural and Agricultural Sciences. At 14:30 on the same day 357 degrees and five doctorates will be awarded to students in the Faculties of Health Sciences, Law and Theology.

Both the diploma and degree ceremonies will be held in the Callie Human Centre on the Main Campus in Bloemfontein.

Media release

Issued by: Lacea Loader

Assistant Director: Media Liaison

Tel: 051 401 2584

Cell: 083 645 2454

E-mail: loaderl@ufs.ac.za
16 April 2007

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