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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 awards honorary doctorates during spring graduation ceremony

2004-09-20

The University of the Free State (UFS) will award three honorary doctorates this week during its spring graduation ceremony.

The graduation ceremony will take place on Wednesday 22 September 2004 and the honorary doctorates are Dr Calvin Seerveld (D Phil (hc), Prof YK Seedat (MD (hc) and Dr Mary Seely (D Sc (hc).

“The doctorates come from a wide spectrum of specialty fields and serve as proof of the UFS’s policy to give recognition to people who stand out and make a difference,” says Prof Frederick Fourie, Rector and Vice-Chancellor of the UFS.

Dr Calvin Seerveld (D Phil (hc) will receive an honorary doctorate for his academic leadership at the Institute for Christian Studies in Toronto and the wide international recognition he has received throughout his career in various subject areas, eg philosophical aesthesia, the theory of art, the methodology of the description of the history of art and continental philosophy.

Prof YK Seedat (MD (hc) will receive an honorary doctorate for his extraordinary contribution to medicine in South Africa. His research in the field of hypertension in blacks received international recognition and significantly contributed to the understanding of the pathophysiology of this condition.

In the mid-eighties Prof Seedat was instrumental in supporting the bid from the Faculty of Medicine at the University of the Orange Free State (UOFS) to host the first Colleges of Medicine of South Africa examination in Bloemfontein. This started a tradition that is still being maintained. Prof Seedat is a researcher at the Faculty of Health Sciences at the University of Kwa-Zulu Natal.

The Executive Director of the Desert Research Foundation of Namibia, Dr Mary Seely (D Sc (hc)), will be honored for the impact she has made on the development of environmental management in the drier parts of the southern African subcontinent. Though her research has been concentrated in Namibia, she has affected the professional lives of large numbers of ecologists, environmental scientists and environmental managers.

According to Prof Fourie the three doctorates form part of the greater group of 18 who will be honored by the UFS during its centenary year. The last group will be receiving their honorary doctorates in October 2004.

Media release
Issued by: Lacea Loader
Media Representative
Tel: (051) 401-2584
Cell: 083 645 2454
E-mail: loaderl.stg@mail.uovs.ac.za
20 September 2004

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