New Venture Creation NQF 4

Learnership Overview

The New Venture Creation Learnership is intended for persons who wish to start, operate, manage, and grow
a new small to medium business venture. It is designed to equip learners with a variety of technical, business,
managerial and personal skills and strategies to help them succeed in the creation and sustenance of a
business. The purpose of this qualification is to help potential and existing entrepreneurs to capitalise on
opportunities to start and grow sustainable businesses that form part of the mainstream economy, enabling
the learners to tender for business opportunities within both the public and private sectors.

On achieving this qualification, the learner will have competencies in:

  • Demonstrating an ability to identify and create a new venture;
  • Demonstrating knowledge of interpersonal skills required in a business environment;
  • Demonstrating an understanding of basic economics within a market economy
  • Managing a new venture by applying business principles and techniques; 
  • Demonstrating an understanding of the role of leadership and management.

Pre-requisites / Assumed Learning

Learners accessing this Learnership should be competent in:

  • Communication at NQF level 3 (Grade 10)
  • Mathematical Literacy at NQF level 3 (Grade 10)

Further Study Options

Learners completing this qualification may consider further studies in:

  •  Business Administration (NQF 4)


Unit 1: Introduction to Communication
Unit 2: Meetings
Unit 3: Report writing

Mathematical Literacy And HIV/AIDS

Unit 1: Represent analyse and calculate shape and motion in 2-and 3-dimensional space in different contexts
Unit 2: Use mathematics to investigate and monitor the financial aspects of personal, business, national and international issues
Unit 3: Apply knowledge of statistics and probability to critically interrogate and effectively communicate findings on life related problems
Unit 4: Demonstrate knowledge and understanding of HIV/AIDS in a workplace, and its effects on a business sector, own organisation and a specific workplace

Marketing Requirements

Unit 1: Research the viability of new venture ideas/opportunities
Unit 2: Apply innovative thinking to the development of a small business
Unit 3: Explain marketing for SMMEs
Unit 4: Demonstrate an understanding of the function of the market mechanisms in a new venture

Financial Requirements

Unit 1: Finance a new venture
Unit 2: Implement an action plan for a new venture

Business Operations

Unit 1: Produce business plans for a new venture
Unit 2: Apply the principles of costing and pricing to a business venture
Unit 3: Manage general administration

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Lectures: 16

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    Working hours

    Monday 9:30 am - 6.00 pm
    Tuesday 9:30 am - 6.00 pm
    Wednesday 9:30 am - 6.00 pm
    Thursday 9:30 am - 6.00 pm
    Friday 9:30 am - 5.00 pm
    Saturday Closed
    Sunday Closed