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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.”

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Unbeaten and hosting the Varsity Cup final

2015-03-31

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Not only will UFS Shimlas rugby team host their first-ever Varsity Cup final in Bloemfontein, but they still remain the only unbeaten side in this year’s tournament.

Shimlas knocked the defending champions, the University of Cape Town Ikeys team, out of the tournament during the semifinal in Bloemfontein on Monday 30 March 2015, beating the visitors 21-10. In Pretoria, North-West University’s Pukke crushed top-of-the-log University of Pretoria Tukkies with a close-edged 29-28 win in the other semifinal.

It was the first-ever home semifinal for Shimlas. The home side showed determination from the start of the match when No.8 Niell Jordaan crossed the line early on for the first try of the clash. Shimlas’ Niel Marais was successful with the kick at goal, giving the home side an 8-0 lead..

Shortly afterwards, the Ikeys scored their first try of the match, but were unsuccessful with the conversion kick. Shimlas struck back with a driving maul where flank Daniel Maartens scored the second Shimlas’ try of the night, taking the scoreboard to 16-5 after yet another conversion by Marais.

Ikeys managed to get another unconverted try shortly before the halftime break, leaving the score at 16-10 after the first 40 minutes, with just two conversions separating the teams.

The second half saw less action, but Shimlas’ left wing Maphutha Dolo scored his team’s third and final try of the match, putting them in a 21-10 lead minutes before full time.

Shimlas will host Pukke for this year’s Varsity Cup final on Monday 13 April at 19:00 at Shimla Park, UFS Bloemfontein Campus.

Player that Rocks: Daniel Maartens

UFS Shimlas point scorers:
Tries: Niell Jordaan, Daniel Maartens, Maphutha Dolo
Cons: Niel Marais (2)

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