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Shot in the arm for undergraduates

The Vaal University of Technology (VUT), in partnership with Sasol, announced the launch of the Sasol Entrepreneurship Initiative.

The Vaal University of Technology (VUT), in partnership with Sasol, announced the launch of the Sasol Entrepreneurship Initiative.

The announcement was made at the VUT, Sebokeng, campus on Monday.

The Vaal University of Technology is the third university to offer a well-proven template for the development of young entrepreneurs, all due to the socially-conscious petrochemical giant, Sasol.

The six-month programme comprises 16 modules, covering accounting, entrepreneurship, operations, human resources, marketing and business plan preparation.

Mr Mark Johnson, The head of the enterprise development unit at the university said, “The objective of the course is to implement an enterprise development programme for the youth, and especially those that come from deprived backgrounds. They will be provided with the necessary skills to start, manage and market their own businesses.

“The programme includes theoretical and practical components, as well as after-course mentorship to help programme graduates form sustainable, economically viable businesses that have a beneficial impact on their local communities.”

To qualify for the programme, candidates had to have completed matric and be younger than 34.

According to Dr Ivor Zwane, Sasol’s Sasolburg general manager for public affairs, “The programme is three years long and forms part of our corporate social investment commitment, which has a strong focus on community development in areas adjacent to our plants. In line with our motto of ‘Together, shaping tomorrow’, one of our priorities is to enable quality higher education and the development of critical and scarce skills. This programme has the potential to make a significant contribution to the upliftment of local communities in this area.”

The programme starts on 1 March and has an initial intake of 60 students.

There will be a second intake, also of 60 students.

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