FS youngsters triumph in Russia
The five young entrepreneurs from New Horizon School in Harrismith, eastern Free Statewho took part in the 12th annual Student Advancement of Global Entrepreneurship (SAGE) World Cup 2014 held in Moscow, Russia this week emerged the fourth best team in the competition.
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The team of Aluwani Chokoe, Seitebatso Khomari, Retlametswe Losaba, Mojaja John Mokuku and Maikutlo Tshepe which represented South Africa had one of the best projects at the competition which ran from August 8-12.
Ireland was judged number one in the business competition followed by the United States and Nigeria.
Five main criteria were used to judge the business projects namely profitably, creativity and innovation, impact and profitably, making use of available resources and the business succession plan.
The team was accompanied to the competition by their mentors Diana Lombard and Fanie Pretorius as well as SAGE Free State provincial coordinator Thabo Pitse from the University of the Free States economics department. Pitse was also a judge at the competition.
The young entrepreneurs received support from the Free State department of economic development, tourism and environmental affairs.
The department is expected to host a presentation ceremony for the team in Bloemfontein on Monday.
SAGE is a global community of teenagers creating better futures through social enterprises, socially responsible business and community service.
It seeks to create the next generation of entrepreneurial leaders whose innovations and social enterprises address the major unmet needs of the global community.
Students with business ideas are to be mentored by university students or SAGE alumni and community leaders or local entrepreneurs.
SAGE was founded in 2002 by Dr Curtis L. DeBerg and a team of students at California State University in the United States.
In 2010 SAGE South Africa hosted the annual SAGE World Cup in Cape Town and 350 delegates from 17 countries attended the four day international tournament.
