The recently launched University Business Challenge (UBC) will see South African students participate in teams in a business simulation competition designed to develop their entrepreneurship skills. The competition basically is designed to engage and develop students’ employability and enterprise skills so that they’re given a head start in life. In other words. The live finals will be held during the last week in August during National Student Entrepreneurship Week. The aim of the UBC, now in its 20th year, is to tackle South Africa’s high level of youth unemployment. The competition simulates a business environment and students are given a problem to solve. The simulation is designed to foster skills such as analytical thinking, problem solving, commercial awareness and team-working. The teams taking part will also have a chance to win up to R50, 000.
GUEST: Tope Toogun, development advisor and CEO of Cognity Advisory, adviser to governments at regional and national levels in Africa. He works on developing and implementing strategies for building market relevant skills in the economy, creating employment and promoting economic growth