CHAMPIONING YOUTH IN HIGHER INSTITUTIONS TO LEAD AN ECONOMIC

REVOLUTION IN ENTREPRENEURSHIP BRIGADE AND LIFT THEMSELVES OUT OF

UNEMPLOYMENT AND CONSEQUENTLY POVERTY.

In this assignment I will look into the issues that find youth and students challenged to go into
Entrepreneurship activities instead of going straight into a career path. The assignment will look
into how we prepare youth and those that are students to be prepared to see the problem that
exist, also how do these participants of this program can create a solution that is sustainable,
scalable through the much documented program, Sedibeng Youth Empowerment Summit
(SYED).

SYES was conceptualized by Mordecai Ndlovu, National Chairperson of Young people in

Business Initiative (YPIBI), Ntsieni Tsanwani Director of Africa Leadership and Entrepreneurship
Institute together with Thato Louw and Promise Sotetsi, Directors of Edification Renders on 09
December 2016 its mission is to ensure the culture of Entrepreneurship in Higher Tertiary
Institutions is intensified and understood starting in the Sedibeng Region of the Gauteng local
municipalities.
In this section I will look basic concept of what Entrepreneurship is and also look into different
South African youth development agencies contribution to the notion. An Entrepreneur is
defined as the activity of setting up a business or businesses, taking on financial risks in the
hope of profit by (Oxford Dictionary). According to Former CEO of the NYDA Youth must lead
and government must follow. Our study seeks to advance the interest of student Entrepreneurs
in the Sedibeng Region. Burrell and Morgan grid as a means of understanding the different
standpoints for definitions of the term entrepreneur (Howorth l., 2005:45) In Cantillons
definition, an entrepreneurs role lies between that of two or more other actors. He or she is an
intermediary (or go-between) who instigates a transformation.
A revision conducted in 2013 by International School of Entrepreneurship Teaching and
Development (ISEED) revealed that more than 87 per cent students surveyed aspire to become
an entrepreneur at one opinion of life, whereas about 90 per cent believe that the country is full
of activity opportunities. Developed countries are moving from managerial to entrepreneurial
economies . India, as an developing economy, is ensuring that entrepreneurship is incorporated
as a career choice for the young. The importance of small businesses, as the driver of
sustainable job and wealth creation, has been confirmed by various; Filion, L.J. (2011: 52
Howorth l, (2005:36). additional that entrepreneurship, as a possible solution to the growing
difficulty of joblessness, is necessary to ensure the success of small, micro- and medium-sized
enterprises (SMMEs) in South Africa. Students are struggling to be employed because they lack
experience.

The National entrepreneurship network has been reassuring entrepreneurship facilitation

through training plans on entrepreneurship for faculty, nationally. The Indus Entrepreneur (TiE)
conducts a number of programs for rookie entrepreneurs. A number of organizations support
mentoring by their senior management employees, free cloud space which are major
contributions by industry. Provision of idea generation and innovation competition by the

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diligence helps too. Graduates of various institutions are now returning to their campuses and
are actively involving themselves through mentoring and creating an angel fund.

Students employment is one of the four focus areas of the Gauteng Integrated Youth
Development Strategy (GIYDS) which provides an integrated framework and coordination of
existing programmers to expand the school-to-work transition and young peoples skills
expansion and employability, participation of youth in employment creation programmers
(including special employment and growth sectors), entrepreneurship and making accessible
labor market information to young people in the province. The strategy framework is centered
on four pillars as depicted by the following illustration. Important to the strategy is building a
strong cooperative sector throughout the Province targeting the unemployed and poor in
particular students youth and the disabled ensuring that broad based black economic
empowerment in the provincial economy is reinforced by the public and private sector.

PROBLEM STATEMENT

South African students face many challenges, but the prospect of long-term unemployment after
school paints a particularly bleak picture for social development and the future of South African
youth. Very few research results are available on South Africa under-graduate students
attitudes towards entrepreneurship and their future plans, and consequently more information is
required for the development of suitable interventions to improve the employability of students
with minimum experience. The problem statement central to this study is the expectation that
exposure to entrepreneurship at high institutions will influence students attitudes towards
entrepreneurship as a career choice, and subsequently, their plans for the future. Accordingly,
the research question for this paper is the status of exposure to entrepreneurship in High
institution situated in the Sedibeng district of Gauteng.

BACKGROUND OF THE STUDY

For the past two years Sedibeng municipality has been performing as one of the best districts in
the country but with recent development it dropped to number seven in Gauteng. Whereas 2015
Sedibeng district in Gauteng achieved the best results in 2015 and 2016 matric examinations,
beating the countrys other 80 districts.
The purpose of our project is to strengthen the quality of education rendered in the Sedibeng
Region and also intensify the economic drive of youth participation in the country. The purpose
and the limitation of the are as follows project is a 3 day program that will seek to compile a
case study on Leadership and Entrepreneurship in the Sedibeng region, contributors will have
an opportunity to be part of a document that will assist ALEI and ER to render a 1 year program
that will assist youth in Sedibeng region through Leadership and Entrepreneurship tools by
developing practical approaches.
Stakeholders will also assist in ensuring that we build strong youth development eco-systems
that can foster a great growth of youth entrepreneurs and leaders in the Sedibeng Region.

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The program goals and objectives seeks to host 210 students from different High Schools and
110 students from Higher Institution from around the Sedibeng region thus ensure all
participants come out equipped with comprehension skills to contribute in the economic
development in the discourse of youth. The intended focus will be on the following topics
Business and Civil Transparency, Leadership, Economic Relevance , Creating employment,
Supporting sustainable living in rural communities, Entrepreneurship in the context of Youth
Development , Communication Studies and Motivation.
Unemployment is a socio-economic challenge, with economic costs and many other challenges.
It reduces economic welfare, reduces output and erodes human capital. These costs make
unemployment a great priority in countries such in the country South Africa. The South African
economy has been experiencing rising unemployment over many years. In 2011, the
unemployment percentage was at 24.2% and in 2013 it had augmented to 25.2% (Statistics
South Africa, 2014). At the same time, there was a structural change observed in labor demand
trends shifting towards high-skilled workforces. This operational change has led to the decision
that the unemployment problem in South Africa is structural, in the sense that the poorly
educated workers, who institute the vast majority of the labor supply, cannot find employment
due to inadequate demand for low-skilled resources.

Young South Africans, who are clear as those within the age collection of 1534 years have,
however, become better educated over the last decade. This movement can be observed in the
increasing enrolment rate at higher educational institutions. According to Anderson, A.R. &
Jack, S.L. (2008:273), 57.9% of the labor force has completed Orientation: South Africa is
facing growth in its graduate labor strength, but graduate unemployment is increasing with the
overall unemployment rate. Graduate unemployment is problematic, because it rare human
capital, which is detrimental to the economy in the long run. Study purpose: This study explores
the perceived causes of graduate unemployment from the perspective of the country banking
sector. Motivation for the study: Researchers have conducted various studies on graduate
unemployment in South Africa and across the globe, but few studies have been piloted on the
grounds of graduate unemployment. There seem to be some gaps in the works; therefore, other
problems and solutions to graduate unemployment have to be explored. Research method,
design and method: The researchers followed a survey design. Surveys and face-to-face
interviews were used as research instruments to identify the perceived causes of graduate
unemployment in the banking sector of South Africa.

The literature review examines the early theories of entrepreneurship as a foundation for the
study and then discusses the entrepreneurial process, perspectives on the entrepreneur and
entrepreneurial attitude in an effort to determine what is student entrepreneur is and how can it
benefit other students. The current status of entrepreneurship in South Africa is examined to
identify shortfalls and the literature study concludes with best practices for entrepreneurship
education.

STUDENT ENTREPRENEURSHIP AS TOOLS OF TRANSFORMATION

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Student entrepreneurship as a tool of transformation can be described as a tool to redress many
socio-economic issues we face in our communities, our focus on student Entrepreneurs is to
ensure the development of students in the context of economic participation is strongly defined
thus ensuring that programs will assist to combat unemployment, drug abuse and youth
restlessness.

THEORETICAL OBJECTIVES

To see Entrepreneurship activity take flight in the Sedibeng Region. Both in campuses,
Schools and communities in the context of youth inclusion in economic affairs.

Program seeks to combat unemployment, drug abuse and youth restlessness in the
region.

To Address and assist in amendments of the Youth Accord drafted by the Department of
Economic Development.

To ensure the awareness of the campaign to make 3 June Africa Youth

Entrepreneurship Day to find expression in the Sedibeng region.

SKILL DEVELOPMENT

PAUW, K., BHORAT, H., & GOGA, S. (2005:20) founded that Knowledgeable by the Gauteng
Employment Growth and Development Strategy and Gauteng Master Services Plan the pillar
focuses on skills development initiatives that provide working and income generating prospects
for young people in Gauteng Delivers a holistic view of the skills required to enable the

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continuous growth for the Province. Skills lacks are a serious threat to economic growth and
service transfer. The Gauteng City Region Academy (GCRA) was established and launched by
the Premier of Gauteng in 2008 to facilitate services development and manage knowledge and
origination in the Province. A bag of services from Career Guidance, Bursaries, Internships,
Skills development and Placement Programs are developed to create an enabling environment
for more labor absorbing economic opportunities. These interventions target students between
the ages 18 to 35 years to ensure that they gain valuable and relevant, study-to-work
interventions that will improve their skills and employability reducing unemployment due to
inexperience.

SCOPE MANAGEMENT PLAN

STAKEHOLDERS ANALYSIS

IDENTIFY PROJECT LEVELS (PHASES)

Phase 1:
Identifying Problem
Research
Compilation of the project charters

Phase 2:
Construction of the day to day duties of the program
Presenting to potential stakeholders

Phase 3:
Funding and Approval

Phase 4:
Presentation on leadership and Entrepreneurship Discussion
Group Discussion on the SYES program.
Completion of the program outline.
Certification of participants
Phase 5:
Awards Ceremony of candidates attending the Leaderships and Entrepreneurship
program.

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QUALITY MANAGEMENT PLAN

Throughout the project there will be questionnaires given to review the progress of both
delegates and moderators. All communication will be centralized to the task team on a day to
day basis to ensure the smooth running of the program.

FINDINGS/ DELIVERABLE

After the study that has been conducted we come to an understanding that there's should be a
student intervention that allows student entrepreneurs to participate economically, by giving
students with companies a chance to be part of procurement process thus assisting in
unemployment and building employment opportunities in campus and around the community.
Skills development that is focused on undergraduate students is a key towards building a smart
economy by addressing economic development needs and a developing better future for the
students working experience.

CONCLUSION

In this assignment I have found that the Sedibeng Youth Entrepreneurship Summit which has is
scheduled for the 1 April 2017 in Vaal University of Technology will The SYES program seeks
to spark a new culture of leadership in the youth of Sedibeng region by including in the
development of economic scales of South Africa. Constructing the SYES program is
assessment that is unbiased to race or economic background thus we invite students from
different regions and high institutions across Sedibeng.

REFERENCE

AJZEN, I. 1991. The theory of planned behaviour, Organizational Behaviour and Human
Decision Processes, 50(2): 179211.

ANDERSON, A.R. & JACK, S.L. 2008. Role typologies for enterprising education: The
professional artisan?, Journal of Small Business and Enterprise Development, 15(2): 259273.
ATHAYDE, R. 2004. Attitudes to enterprise test code. London: Small Business Research
Centre, Kingston University. Available from the author at rathayde@kingston.ac.uk. E-mailed to
A. Steenekamp (andre@arcspray.co.za): 17 February 2017.

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CANTILLON, R. 2014. Essai sur la nature du commerce en general, London: Fetcher Gyler.
Also: Edited with an English translation by Henry Higgs, London: MacMillan (1931). The
manuscript was probably written around 1720 and was published after Cantillon was murdered
in 1734. It is believed that he himself wrote the French and English versions.

FILION, L.J. 2011. Defining the entrepreneur. In: Dana, L.-P. (Ed.) World Encyclopedia of
Entrepreneurship.Cheltenham, UK and Northampton, MA, USA, Edward Elgar: 41-52.

PAUW, K., BHORAT, H., & GOGA, S. 2005. Graduate unemployment in the context of skills
shortages, education and training: Findings from a survey.
http://papers.ssrn.com/sol3/papers.cfm?abstract_id=961353 Accessed: 17 February 2017

HOWORTH l, 2005. Defining the Entrepreneur. Bombardier Chair of Entrepreneurship Working

Paper series are solely liable for their contents. HEC Montral. (2)41- 52.

SEDIBENG (Sedibeng District Municipality, South Africa). 2008. Sedibeng Annual Report 2007
2008. Online Available at: http://www.sedibeng.gov.za/keydocuments.html. Accessed: 17
February 2017

STATS SA (Statistics South Africa) 2007. Labour Force Survey September 2007. (Statistical
release, P0210). [Online] Available at: http://www.statssa.gov.za/publications /P0210/P0210
September2007.pdf. Accessed: 17 February 2017.

Statistics South Africa. (2014). Quarterly labour force survey. Quarter 1, 2014. Statistical
release P0211. Pretoria, South Africa: Statistics South Africa. Retrieved June 26, 2014, from
http://beta2.statssa.gov.za/publications/P0211/ P02111stQuarter2014.pdf