new venture creations








Purpose of this Qualification

The purpose of the NQF level 2 New Venture Creation qualification is to provide a qualification that can form the basis for structured programmes for 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. This qualification is designed for learners who intend to set up or have already set up own ventures. Assessment of the competencies and knowledge in the qualification needs to be done in the context of the learner's own new venture

Modules and Courses

Module 1: Work Orientation

  • Apply basic business ethics in a work environment
  • Behave in a professional manner in a business environment
  • Demonstrate knowledge and understanding of HIV/AIDS in a workplace, and its effects on a business sub-sector, own organisation, and a specific workplace

Module 2: Communication

  • Access and use information from texts
  • Maintain and adapt oral communication
  • Use language and communication in occupational learning programmes
  • Write for a defined context

Module 3: Mathematical Literacy

  • Apply basic knowledge of statistics and probability to influence the use of data and procedures in order to investigate life related problems
  • Demonstrate understanding of rational and irrational numbers and number systems
  • Identify, describe, compare, classify, explore shape and motion in 2-and 3- dimensional shapes in different contexts
  • Use mathematics to investigate and monitor the financial aspects of personal and community life
  • Work with a range of patterns and functions and solve problems

Module 4: Management of a New Venture

  • Manage business operations
  • Administer contracts for a selected new venture

Module 5: Finances of a New Venture

  • Determine financial requirements of a new venture
  • Identify the composition of a selected new venture's industry/sect procurement systems
  • Manage finances for a new venture
  • Produce a business plan for a new venture
  • Prepare and process documents for financial and banking processes

Module 6: Marketing and Sales

  • Apply the basic skills of customer service
  • Identify and demonstrate entrepreneurial ideas and opportunities
  • Manage marketing and selling processes of a new venture
  • Match new venture opportunity to market needs
  • Co-ordinate meetings, minor events, and travel arrangements
  • Monitor and control the receiving and satisfaction of visitors
  • Tender for business or work in a selected new venture

Duration: 12 Months

Delivery: Classroom/Online/Blended

Grade10/Computer Literacy

Possible careers on completion

Qualifying learners could follow a career in:

  • Entrepreneurs
  • Business owners
  • Senior Managers
  • Managing Directors
  • Divisional Heads

Exit level Outcomes

  • On achieving this qualification, the learner will be able to:
  • Use basic mathematics in order to fulfil new venture functions effectively
  • Apply basic communication skills in a new venture creation context
  • Determine market requirements and manage the relevant marketing and selling processes
  • Demonstrate an understanding of the sector/industry in which the business operates
  • Determine financial requirements and manage financial resources of a new venture Manage business operations

National Certificate: New Venture Creation (SMME)

SAQA ID: 49648 | NQF LEVEL: 2 | CREDITS: 138

Accreditation: Services SETA