Financial literacy and entrepreneurship were the focus of an initiative at UKZN aimed at equipping students with the skills necessary to navigate the complex world of personal finance and entrepreneurship.
The event was organised under the leadership of Howard College campus’ Mabel Palmer Residence assistant, Mr Sphesihle Jwilisi, who recognised the urgent need for students, especially first-years, to be empowered with practical financial knowledge early in their academic journeys.
The programme emphasised the importance of financial literacy, including personal financial management, budgeting, debt avoidance and smart investment practices. By addressing these core skills, students are better prepared to make informed financial decisions both during their university years and beyond.
In addition to financial education, entrepreneurship and innovation were discussed. Guest speaker Dr Andrisha Beharry-Ramraj of the School of Commerce engaged students on opportunities to start and grow businesses, exploring funding avenues and connecting with institutional support systems. “This is particularly significant in the South African context, where unemployment remains a pressing challenge and entrepreneurship continues to emerge as a key driver of economic empowerment,” said Beharry-Ramraj.
For first-year students, the programme was a timely intervention. Transitioning from high school to university was often challenging with new financial responsibilities involved, including managing allowances, accommodation expenses and social commitments. Without guidance, many students get into debt or make poor financial choices.
The programme offered practical strategies to build financial discipline, fostering independence and confidence.
The event also created a valuable platform for students to network, exchange ideas and ignite their entrepreneurial spirit.
Student entrepreneurs Mr Owami Khuzwayo and Mr Inganathi Mhlungulwana of Enactus UKZN showcased their enterprises, MaliYethu Fintech Solutions and Saferise. These businesses are made possible through the support of Enactus UKZN. During the session, Khuzwayo and Mhlungulwana shared their journeys as young business leaders and highlighted how their enterprises contribute to solving pressing community issues.
The opportunities and competitions offered at UKZN continue to empower students to achieve their goals. Many of the participants in the programme committed to joining Enactus UKZN and embarking on their own entrepreneurial journeys.
Many participants expressed how the insights gained would inspire them to not only better manage their personal finances but also to pursue innovative ways of generating income while studying.
Said Jwilisi: “The vision of the programme is to cultivate student potential, promote financial independence and prepare students for life beyond university.”
Words: NdabaOnline
Photograph: Supplied