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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

Achieve academic goals with an online presence

2016-11-02

Description: Academic Reboot Pack 2.0 Tags: Academic Reboot Pack 2.0

The Academic Reboot Pack 2.0 of the
University of the Free State introduces
an online academic approach to help
students complete the 2016 academic
year.
Photo: iStock

With the recent break in the academic activities at most of the countries’ universities, higher education managers are pressured to come up with ways of completing the rest of the 2016 academic year.

An approach introduced by the University of the Free State (UFS), is the use of online learning platforms.

For the remainder of the year, students will be required to do the majority of their work online. To support students during this time, the UFS has created an Academic Reboot Pack 2.0, which included #8 Habits of Highly successful online students.

Stay informed and prioritise your work

Make the online environment the top priority in your daily schedules. Be extra vigilant in your studies and use online learning platforms such as Blackboard to check your modules for new announcements and academic information.

You will also need to prioritise between important and less important tasks. This will give you an indication as to which tasks to focus on first.

Optimise your environment and work until you achieve goals

You need to optimise your study environment in a space where you can be productive and study efficiently. Continue working until you have achieved your goals, but also remember to reward yourself when you have reached them.

Staying organised

Remember, you need to stay organised and declutter your environment. It will be best to create a filing system for your paper-based notes, as well as the electronic files on your computer.

Get study buddies and keep a healthy body and mind

Get study buddies as this provides a good opportunity to share knowledge. If you are not sure about something, contact your lecturers via email or on their office numbers.

Lastly, keep a healthy body and mind because you will need to keep going a little longer than anticipated this year.

Get your copy of the Academic Reboot Pack 2.0 on Blackboard under announcements or click here to download it.

Also see the first Academic Reboot Pack.

If students have any question or queries regarding the Academic Reboot Pack 2.0, they can send an email to: advising@ufs.ac.za

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