This new venture creation nqf 4 qualification is for any individual who is, or wishes to be, involved in the administration function
in any organization or business in any sector, or field as well as in non-commercial organisations
such as clubs and charitable organisations.


Module 1: Basic Computing skills

  • Apply basic computer technology

Module 2: Communication

  • Accommodate audience and context needs in oral/signed communication
  • Interpret and use information from texts
  • Use language and communication in occupational learning programmes
  • Write/present/sign texts for a range of communicative contexts
  • Engage in sustained oral/signed communication and evaluate spoken/signed
  • Read/view, analyse and respond to a variety of texts
  • Use language and communication in occupational learning programmes
  • Write/present/sign for a wide range of context

Module 3: Mathematical Literacy

  • Apply knowledge of statistics and probability to critically interrogate and effectively communicate
    findings on life-related problems
  • Represent analyse and calculate shape and motion in 2-and 3-dimensional space in different
  • Use mathematics to investigate and monitor the financial aspects of personal, business, national,
    and international issues

Module 4: Management of a new venture

  • Explain and apply the concept, principles, and theories of motivation in a leadership context
  • Implement an action plan for a new venture
  • Manage general administration
  • Plan and manage production/operations in a new venture
  • Plan strategically to improve new venture performance

Module 5: Finance of a new venture

  • Apply the principles of costing and pricing to a business venture
  • Finance a new venture
  • Manage finances of a new venture

Module 6: Marketing and sales

  • Apply innovative thinking to the development of a small business
  • Demonstrate an understanding of an entrepreneurial profile
  • Demonstrate an understanding of the function of the market mechanisms in a new venture
  • Negotiate an agreement or deal in an authentic work situation
  • Produce business plans for a new venture
  • Research the viability of new venture ideas/opportunities


Duration: 12 Months

Delivery: Classroom/Online/Blended


  • Grade 10
  • Computer Literacy
  • Communication at Level 3
  • Mathematical Literacy at Level 3.


Qualifying learners could follow a career in:

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


Further Education and Training Certificate: New Venture Creation

  • Accreditation: Services SETA
  • SAQA ID: 66349
  • NQF Level: 4
  • Credits: 149

Entrepreneurial Skills

Here are steps you can follow to enhance your entrepreneurial skills:

  • Self -Assessment 
  • Education and Research 
  • Networking 
  • Identity Opportunities 
  • Business Planning 
  • Financial Literacy 
  • Adaptability and Resilience 
  • Marketing and Sales 
  • Customer Focus 
  • innovate and Iterate 
  • Time Management 
  • Legal and Regulatory Understanding 
  • Risk Management 
  • Communications Skills 
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