Entrepreneurship should not be a last resort for unemployed graduates.

A UNIT TO promote entrepreneurial development for Wits students was launched by Wits Enterprise on July 31, 2018. The Entrepreneurial Wayz (TEWZ) aims to ensure that students achieve self-development and sustainability through their own businesses in the future. 

According to a statement released by Wits Enterprise, the new unit “specialises in entrepreneurial development, aligning business ecosystems, developing strategic partnerships, building entrepreneurial cultures and providing business support to contribute towards building an entrepreneurial economy”.

The statement added that “TEWZ was created to tackle socio-economic challenges faced by the country and to prepare the youth for the 21st century global economy.”

Director of TEWZ, Chamene Chetty, told Wits Vuvuzela that, “It is important for students to become business minded as “more young people should consider being entrepreneurs and should not only see entrepreneurship as a last resort when all else has failed.

“Some students leave university without being employable and our unit allows students to trade on campus,” Chetty added.

The strategy of TEWZ is practical and academic at the same time. Students benefit from the unit in that it creates events which promote trade within the university, thus giving them an opportunity to practice entrepreneurship.

Student Entrepreneurship Week which took place at the Wits Library Lawns from July 30 to August 3 is one such event. It is an initiative created to motivate and equip students who aspire to go into the business world. Student therefore set up their own flea market stalls and sell any kind of merchandise.    

Acting vice-chancellor Tawana Kupe told Wits Vuvuzela that, “Wits students have produced and can potentially now sell prosthetic hands for about R1000.” Furthermore, SmartSpot technology, which was developed by Wits researchers and commercialised through Wits Enterprise, improves the accuracy of TB testing.

FEATURED IMAGE: Wits Enterprise aims to create a more business minded youth. Photo: Londell Phumi Ramalepe