The Global Entrepreneurship Monitor Report – issued in 2013, has recognised that South Africa is the second worst performing country in the world in entrepreneurship and innovation. According to the report South Africa has a 14% rate of intentional entrepreneurs amongst 18-24 year olds, yet only 5% are involved in early stage entrepreneurial activity. It was in light of this that YEBO stepped up to the challenge.
- The NWU Vanderbijlpark's Young Entrepreneur Business Organisation – or YEBO as it is known represents a unique student organisation and its aim is to motivate university students to heed the call of entrepreneurship.
- According to Mrs Natanya Meyer, a lecturer in the School of Economic Sciences – within the Faculty of Economic Sciences and Information Technology, and the coordinator of YEBO, the importance of entrepreneurship is underpinned in the National Development Plan for South Africa. “Entrepreneurship offers an effective method to counteract the crisis of unemployment,” says Meyer and adds that by promoting entrepreneurship as a preferred career choice, the Vanderbijlpark Campus is pro-actively shaping the country’s next generation of entrepreneurial giants.
- YEBO is situated within the bhive Enterprise Development Centre (bhive EDC).
The bhive EDC serves as an incubation facility for entrepreneurship in the Vaal Triangle region as well as the Gauteng province and represents a dynamic collaboration between the Faculty and the Netherlands Initiative for Capacity Development in Higher Education (Nuffic). The bhive EDC strives to be an entrepreneurial change agent to help students to develop and build a sustainable business.
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Tel: +27 (0) 16 910 3373