Creating Job Opportunities for the Youth in South Africa
The Total Entrepreneurial Activity score in South Africa is approximately 11%, while unemployment amongst South African youth grows at an alarming rate of 63%. This is due to the little support for entrepreneurship as a career trajectory historically at the university level despite its significant establishment. Due to the increasingly poor economic outlook, youth employment will not improve immediately. This, together with burgeoning poverty levels, suggests that employment alternatives need to be explored. Young entrepreneurs are one of the country’s best hopes of solving the jobs crisis, which the COVID-19 pandemic has worsened in an environment of weakened economic growth.
The Wits Entrepreneurship Clinic Accelerator Programme (WECAP) is a structured entrepreneurship clinic/accelerator setup providing entrepreneurial support and guidance. It aims to strengthen the entrepreneurship and innovation ecosystem and improve student employability outcomes in South Africa. WECAP will give a clinic programme focused on experiential learning and evidence-based management, together with a structured mentorship programme, to develop students’ business acumen and improve their overall employability through exposure to and solving of business problems confronting students, staff, and external entrepreneurs.
WECAP also intends to provide professional and quality business advisory services to the university and its surrounding communities to accelerate viable entrepreneurial opportunities. At the same time, data and research-centric entrepreneurial methodologies such as lean-start-up, evidence-based management, and design thinking will be adopted to accelerate businesses. The work of the WECAP partnership will be submitted to form learnings that will contribute to formulating a policy framework for universities under South Africa’s Department of Higher Education and Training.
Tshimologong Digital Innovation Precinct is implementing this project in partnership with the African Circular Economy Network (ACEN), The University of Edinburgh, and The University of the Witwatersrand, Johannesburg (Wits).
We wish this project well as we unite to grow and innovate Africa for youth employment opportunities.
British Council – Innovation for African Universities Programme (IAU)
The IAU programme is implemented by the Centre of Excellence (CoE), a partnership between the City, University of London, Nairobi, and ChangeSchool UK.
The Programme comprises 24 UK universities, Sub-Saharan African universities, and entrepreneurial ecosystem organizations. The Programme is running in Kenya, Nigeria, Ghana & South Africa.
We’re looking forward to working in partnership with WECAP to exchange knowledge and ideas to strengthen the role of universities in entrepreneurship ecosystems.
To find out more:
Project partners
Tshimologong https://tshimologong.joburg/
ACEN, the African Circular Economy Network https://www.acen.africa/
The University of Edinburgh https://www.ed.ac.uk/
The University of the Witwatersrand, Johannesburg (Wits) www.wits.ac.za
#UniteToGrow #BritishCouncil
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Understanding COSC Validation and Its Importance in Horology
COSC Certification and its Rigorous Standards
COSC, or the Official Swiss Chronometer Testing Agency, is the official Swiss testing agency that attests to the accuracy and precision of timepieces. COSC validation is a sign of superior craftsmanship and reliability in chronometry. Not all watch brands seek COSC validation, such as Hublot, which instead follows to its own stringent standards with movements like the UNICO calibre, achieving comparable precision.
The Art of Exact Timekeeping
The central system of a mechanical watch involves the spring, which provides energy as it loosens. This mechanism, however, can be vulnerable to external factors that may affect its precision. COSC-certified movements undergo strict testing—over fifteen days in various circumstances (five positions, 3 temperatures)—to ensure their durability and dependability. The tests measure:
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For timepiece fans and collectors, a COSC-validated watch isn’t just a piece of technology but a demonstration to lasting excellence and accuracy. It signifies a timepiece that:
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Is probable to hold its worth more efficiently, making it a smart choice.
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Several well-known brands prioritize COSC certification for their watches, including Rolex, Omega, Breitling, and Longines, among others. Longines, for instance, offers collections like the Record and Spirit, which feature COSC-validated movements equipped with advanced materials like silicon equilibrium suspensions to boost durability and efficiency.
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The concept of the chronometer dates back to the need for accurate chronometry for navigation at sea, highlighted by John Harrison’s work in the eighteenth cent. Since the formal establishment of COSC in 1973, the validation has become a standard for evaluating the precision of high-end watches, maintaining a legacy of excellence in watchmaking.
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