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Entrepreneurship alive and well

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The Business Development Games is presented by the South African Institute of Chartered Accountants (SAICA) and Coronation

Photo: Supplied

PUPILS from Duineveld High School in Upington have claimed top spot in this year’s Business Development Game, proving that entrepreneurship is alive and well in the Province.

Every year, Grade 11 pupils from around the Province are given the opportunity to participate in the annual Business Development Game.

A total of 87 pupils from 44 schools participated in this year’s Northern Cape games, which marked the 17th year that the country’s pupils put their business acumen to the test.

The Business Development Games is presented by the South African Institute of Chartered Accountants (SAICA) and Coronation.

The games, which are played using a board game, sees participating schools competing against each other as the pupils tackle real-world business situations to make the most money for their businesses.

In assuming responsibility for the kinds of decisions business leaders have to make on a daily basis, including making choices about how outside influences such as tax, inflation, exchange rates, etc. impact business, pupils have to put their teamwork, leadership, numeracy, strategic thinking and ethical skills to the test to show that they have what it takes to boom in the business world.

“For young people to realise their full entrepreneurial potential and contribute to the greater economy, companies must be active in moulding their talent, skills and ideas from a young age. This is why SAICA and Coronation invite over 1 000 pupils from around the country to participate in the games every year,” Gugu Makhanya, SAICA’s senior executive: transformation and growth, said.

Spark

“With youth unemployment in the country standing at 38.8%, SAICA uses this, and other projects, to nurture the next generation of job creators by sparking their entrepreneurial spirit at a young age. By showing pupils that there is more than one way to contribute to the economy once they leave school, SAICA wants to upskill pupils who want to become business owners, as many of those who study towards becoming a chartered accountant do so with the goal of owning their own business one day,” Makhanya said.

Coronation CEO Anton Pillay pointed out that it was important to provide hope to the youth so that they can be adequately educated, opening up more opportunities in life.

“With initiatives like the Business Development Games, we empower pupils with the right skills and experiences in preparation for when they make the leap into the real world. With such a high youth unemployment rate, supporting pupils in this way is critical to helping them rise above the challenges they face when they leave school, giving them the best chance of success.”