logo
Youth empowered through business masterclass

Youth empowered through business masterclass

The Citizen22-04-2025

Aspiring entrepreneurs from the Vanderbijlpark Campus of the North-West University (NWU), alongside members of the local community, recently gathered for an enlightening masterclass led by successful entrepreneur and author Willem Gous.
The event focused on equipping participants with the knowledge, tools, and mindset required to successfully launch and manage sideline businesses.
Gous, the author of the best-selling Side Hustle Success, shared invaluable insights into the world of entrepreneurship, encouraging attendees to think beyond traditional start-up models. His approach emphasised the importance of creating self-sustaining micro-businesses that do not rely on external funding. This perspective resonated deeply with the diverse group of attendees, who gained practical strategies and innovative approaches to turning their ideas into income-generating ventures.
During the masterclass, Gous addressed the common misconception that starting a business requires significant capital investment. 'Starting a business is not about having a lot of money first. You do not need the money to start a business,' he emphasised, challenging participants to reconsider their approach to entrepreneurship. His insights sought to empower individuals to start small and scale their ideas without being hindered by financial constraints.
The event also provided attendees with a unique opportunity to learn about the key principles of running a side business, with a focus on managing time effectively, understanding market needs, and leveraging available resources. Gous' practical tips and straightforward strategies allowed participants to envision a clear pathway from idea to execution, even for those with little to no prior business experience.
The masterclass left a lasting impact on its participants. Many attendees expressed how the session had shifted their perspective on entrepreneurship, offering them new ways to approach their current or future business ventures. One participant shared that they were able to implement Willem's strategies to manage their existing business more effectively.
The first 100 attendees were given complimentary copies of Side Hustle Success, providing them with the opportunity to delve deeper into Gous' proven methods for building and managing a side business. The free book served as a valuable resource for continued learning, reinforcing the lessons shared during the masterclass and helping participants take practical steps toward realising their entrepreneurial goals.
The event highlighted the ongoing support available through the NWU's Bhive Enterprise Development Centre (EDC), which plays a crucial role in helping entrepreneurs at various stages of their business journey. The Bhive EDC provides access to resources, mentorship and networking opportunities, further empowering individuals to turn their ideas into successful businesses. Interested entrepreneurs are encouraged to visit the bhive EDC website for more information on registration and available services.
Dr Johann Landsberg, senior lecturer at the School of Management Sciences, praised the success of the masterclass. He said that this masterclass exemplifies the NWU's commitment to fostering an entrepreneurial spirit in the local community.
'Through initiatives like this, the university is not only helping individuals to succeed but also contributing to the broader economic development and innovation of the region,' he said, adding that the event was a fantastic opportunity for aspiring entrepreneurs to gain practical, real-world insights into launching their businesses.
'Willem Gous's approach to entrepreneurship, emphasising low-cost start-up strategies and self-sustaining models, resonates with the needs of our community. It is clear that the masterclass not only inspired participants but also equipped them with the tools to turn their ideas into successful ventures.'
At Caxton, we employ humans to generate daily fresh news, not AI intervention. Happy reading!

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Solar project adds power to parking areas, rooftops in energy overhaul
Solar project adds power to parking areas, rooftops in energy overhaul

Mail & Guardian

time27-05-2025

  • Mail & Guardian

Solar project adds power to parking areas, rooftops in energy overhaul

More solar panels are being installed at the Biko House postgraduate parking. (Image: NWU) Rows of parked cars and rooftops on the North-West University's (NWU's) Mahikeng Campus now share space with banks of solar panels, part of a campus-wide plan to reshape how electricity is sourced, used and sustained. The new decentralised solar energy system is being installed across most parking areas and rooftops at the campus. The system includes 1 820 panels, each generating 550 watts of power, with a collective capacity of 1 megawatt peak (1MWp). The panels are connected through 15 mini-systems that feed directly into the campus's internal power grid. 'The systems connect to the university's grid through inverters, ensuring that the power generated is used entirely on campus,' says Hendrik Esterhuizen, who oversees energy infrastructure at the NWU. He notes that the system is designed to meet the campus's base load requirements and does not feed power back into Eskom's grid. This is important because it ensures the solar system directly supports the campus's energy needs without relying on the national grid. With the new solar plants, the university enhances energy independence, reduces pressure on the public system and improves resilience during load-shedding or power interruptions. 'It effectively acts as a virtual emergency power generator, supporting the campus's diesel generators by adding additional capacity during load-shedding,' he adds. Cost savings expected in the long run The investment carries long-term cost benefits. Each 100kWp solar unit costs about R2 million, including infrastructure and carport installation, says Esterhuizen. 'While solar is cheaper than grid electricity in the long run, the capital investment must first be recouped.' The expected payback period is five to seven years. Diesel use is the most expensive option, costing roughly four times more than grid electricity, Esterhuizen says. 'Our solar systems are already helping to reduce carbon emissions, and we calculate these reductions monthly.' Building and connecting the systems on a functioning university campus has presented challenges. Construction teams have worked around academic schedules, including tests and exams. Infrastructural limitations, such as available roof space and electrical access points, have required tailored solutions. This solar installation forms part of a broader, phased energy project across the university's three campuses. A 385kWp plant is in place at the Vanderbijlpark Campus, with a 2 500kWp system at Potchefstroom and 1 500kWp at Mahikeng. Future construction and major renovations will include similar solar energy components. The roll-out reflects a university-wide shift towards greater energy independence and measured investment in long-term sustainability.

How Budget 3. 0's focus on infrastructure investment could transform South Africa's property market
How Budget 3. 0's focus on infrastructure investment could transform South Africa's property market

IOL News

time20-05-2025

  • IOL News

How Budget 3. 0's focus on infrastructure investment could transform South Africa's property market

Pressure is mounting on Finance Minister Enoch Godongwana as he is expected to table the National Budget Review for the third attempt in Parliament on Wednesday after tensions within the Government of National Unity coalition over an increase in value-added tax (VAT) rates led to the budget being amended and re-tabled three times. Image: File As the Finance Minister Enoch Godongwana re-tables the revised National Budget on Wednesday, the major expectation will be around the fiscal aggregates, specifically the budget deficit and debt-to-GDP ratio. Professor Waldo Krugell, an economist from the School of Economic Sciences at the North-West University, said whatever spending cuts the Minister comes up with will still need to protect frontline services and maintain the path of fiscal consolidation. 'The influence on the property sector is quite indirect, but if he is able to do that, it can increase business confidence and investment in general, and that is good for property. A more sustainable fiscal stance will also help to bring down interest rates on long-term government debt, which is good for other interest rates in the long run,' Krugell said. Dr Meshel Muzuva, the Academic Programme Leader at the Management College of Southern Africa's (MANCOSA) School of Business Excellence, said as South Africa prepares for the re-tabling of what is now known as Budget 3.0, expectations are high, and the stakes are even higher. She said this iteration of the national budget arrives amid a shifting political landscape, a weakened growth outlook, and growing fiscal pressures. 'It is more than just a reset; it is an opportunity to reinforce fiscal credibility while laying the groundwork for inclusive economic recovery,' Muzuva said. She added that with GDP projections revised downward and inflation easing, the Finance Minister faces the tough task of balancing lower tax revenues against growing spending demands, all while maintaining the commitment to fiscal consolidation. 'Despite some relief in the form of improved corporate tax collections and a R15 billion closing cash surplus, fiscal space remains tight. The main budget deficit has improved slightly to 4.5% of GDP (Investec, 2025), but with debt levels still elevated, tough trade-offs are inevitable.' For the property sector, the academic said the budget is a significant development. She said they would be looking out for infrastructure investment in increased allocations to transport, energy, and housing as this could unlock new development opportunities and boost land values. She said they will also be looking for tax policy as changes to transfer duties, capital gains tax, or bracket creep could impact property transactions and investor confidence. 'Any upward shift in transaction costs would likely dampen demand, especially in the mid-tier and high-end residential markets.' Muzuva said that while the South African Reserve Bank (SARB) sets rates, fiscal policy can influence borrowing costs. She said a stable budget could help ease long-term interest rate pressures, benefiting mortgage affordability and real estate financing. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ The academic added that they would also be looking for housing incentives as government support for affordable housing or urban densification initiatives would be welcomed by the sector. However, she warned that, given current fiscal limitations, expectations around substantial incentives should remain measured. Tsekiso Machike, the spokesperson for the Minister of Human Settlements, said that the shrinking government's fiscus with the department budget cuts and like any other government department and institution. 'We would appreciate it if we could be allocated more money to enable the department to accelerate its housing delivery programme to the deserving and qualifying beneficiaries and eradicate the housing backlog. "However, we are looking forward to the upcoming Budget and are optimistic that there will be a reasonable allocation of funds to the department under the circumstances of budget cuts and constraints,' Machike said. Adrian Goslett, CEO of RE/MAX of Southern Africa and chairman of the Real Estate Business Owners of South Africa (REBOSA) notes that this about-face was born of coalition politics, but said it ultimately reflects a commitment to stable, consensus-driven economic management, a factor he views as crucial for investor confidence in the country. 'When the Budget 3.0 is announced, I'll be focusing on the scrapped VAT increase and how the government plans to compensate for the revenue gap – hopefully, there will be no reversal of the increased exemption threshold for transfer duty from R1.1 million to R1.21 million,' Goslett said. He said one of the less visible but critical outcomes of the budget saga is its impact on the interest rate outlook. ' By avoiding a VAT-induced price spike, Budget 3.0 removes one potential upward driver of inflation, which could help the case for interest rates to remain steady (or even ease) later in the year,' Goslett said. Muzuva said Budget 3.0 is a pivotal opportunity to restore confidence. She added that for the property sector, the focus will be on whether the government can prioritise growth-enabling investments, protect infrastructure commitments, and send a clear signal that South Africa remains open for investment even in a constrained fiscal climate. Reezwan Sumad, a research analyst at Nedbank CIB, said on Tuesday morning, the local markets are likely to remain cautious ahead of both the budget and the meeting between the South African and American delegations on Wednesday. 'Until the outcomes of these are known, participants are likely to remain on the sidelines,' Sumad said. Independent Media Property

Buying a car from a private seller? Here are some tips
Buying a car from a private seller? Here are some tips

The Citizen

time18-05-2025

  • The Citizen

Buying a car from a private seller? Here are some tips

The Consumer Protection Act does not cover a private sale, so you do not have an implied warranty to fall back on if the car has defects. Buying a car from a private seller can really be tempting, but you have heard so many stories about what happened to other people when they met a private seller and were robbed or even murdered. But what should you do if you find a really good deal from a legitimate private seller? You can usually save some money when you buy a used car from a private seller, but it also has some risks you will not face at a dealership, Ernest North, co-founder of Naked, a digital insurance platform, says. 'To ensure that you make a wise purchase, you must ask the right questions, ensure the paperwork is in order and take some common-sense precautions.' ALSO READ: Buying a car? Keep this in mind Keep these tips in mind when you buy a car privately North has these tips to keep in mind when you buy a car privately: #1: Do your homework on pricing Before you even phone the seller of a car that catches your eye, check the average price of similar models online (try sites like or AutoTrader). You should not only avoid cars that are too expensive, but you must also beware of cars that seem like a massive bargain. #2: Ask the right questions when you buy a car privately Before you even meet to view the car, collect some basic information about the car. It is a red flag if the seller is unwilling to answer questions on the phone and insists on interacting only through text messages or email. Some questions to ask include: How old is the car? How many previous owners did the car have and for how long did the most recent owner have the car? What is the current mileage and what was it when the seller bought the car? Was the car involved in an accident or have major repairs? Is there outstanding financing on the car? Does the seller have the service history logbook and a roadworthy certificate for the car? Why is the seller selling the car? ALSO READ: Here's why you should – and why you shouldn't – buy a new car #3: Meet in a public place If you buy the car from a stranger, the next step is to view the vehicle. Meet during the day in a public area to ensure you are safe. Avoid remote or private locations and always get the full address in advance. Also bring a friend or family member with you if you can, and let someone else know where you are or even drop them a live location on your phone. #4: Inspect the car Look for signs of wear and tear or damage to the exterior, interior and engine of the car, paying special attention to the tyres and brakes, lights and electrics, fluid levels and leaks and windscreen and wipers. Bonus tip: If you are not confident in your own car knowledge, you can pay for a professional inspection via a provider like DEKRA if you want to buy the car. ALSO READ: How much does mileage matter when buying a used car? #5: Take the car for a test drive If you consider making a serious offer for the car, ask to take it for a test drive and drive it for at least 20 minutes and pay attention to things such as braking (try a safe emergency stop), handling and steering response, gear changes and any strange noises like rattling from the engine or grinding from the brakes while the windows are down and the radio is off. Also turn the car off and restart it to test the ignition. Bring your driver's licence with you to show the seller. Also ask to see the seller's insurance details since you could be held liable if you have an accident and the car is not insured or if the insurance only covers the driver's named in the policy. #6: Confirm the car's documentation is in order Before any money changes hands, ask the seller for original copies of the registration documents in his or her name and ask to see his or her ID book, roadworthy certificate that is valid and current, proof of ownership and full service history. Also check that the vehicle identification number (VIN) and engine number match the documents and ask the police to confirm the car is not stolen. ALSO READ: Why is 2025 the perfect time to sell or trade your car? #7: Look out for signs of a potential scam Red flags include a price far below market value, a seller who avoids calls or insists on email messages or who pushes for a deposit before you have seen the car. Also beware of a seller who does not have the original paperwork or asks you to pay money into a foreign bank account. If anything feels off, walk away. #8: Payment and ownership transfer Avoid paying cash. Bank transfers are safer because you will have a paper trail. If the car still has outstanding finance, the seller must settle it before you make the full payment. Never hand over money without seeing the car and paperwork first. #9: Put it in writing Create a contract with detailed information about both parties, the car and the sale terms to protect both of you. Include details such as your ID numbers, full vehicle details (make, model, VIN, mileage, registration number) and terms and conditions (such as 'sold voetstoots' or 'seller agrees to fix faulty brake light before transfer of ownership'). ALSO READ: Car tips: How to change ownership when buying or selling privately #10: Register the car in your name After the sale, transfer ownership at your local traffic department. You will need the roadworthy certificate, sales agreement, proof of residence and a copy of the seller's ID. This step is essential because until you register it, you do not legally own the car. Also remember to get insurance before you get behind the wheel. This graphic sums up the advantages of buying a car from a private seller or dealership:

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store