Qualification Overview

The New Venture Creation Learnership is designed to develop appropriate skills and knowledge for the

establishment and development of entrepreneurial enterprises, addressing the economic and behavioural

barriers, and creating long-term solutions for job creation and SMME development.

Qualification Overview

The New Venture Creation Learnership is designed to develop appropriate skills and knowledge for the

establishment and development of entrepreneurial enterprises, addressing the economic and behavioural

barriers, and creating long-term solutions for job creation and SMME development.

New Venture Creation (SMME) SAQA ID- 49648 (NQF 2)

New Venture Creation (SMME) SAQA ID- 49648 (NQF 2)

6 modules

6 modules

Full Online

Full Online

1 Year 

1 Year 

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

  • Using basic mathematics in order to fulfill new venture functions effectively;
  • Applying basic communication skills in new venture creation context;
  • Determining market requirements and manage the relevant marketing and selling processes;
  • Demonstrating an understanding of the sector / industry in which the business operates;
  • Determining financial requirements and managing financial resources of a new venture;
  • Managing business operations;

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

  • Using basic mathematics in order to fulfill new venture functions effectively;
  • Applying basic communication skills in new venture creation context;
  • Determining market requirements and manage the relevant marketing and selling processes;
  • Demonstrating an understanding of the sector / industry in which the business operates;
  • Determining financial requirements and managing financial resources of a new venture;
  • Managing business operations;

Pre-requisites / Assumed Learning

Learners accessing this Qualification should be competent in:

  • Communication at NQF level 1 (Grade 10)
  • Mathematical Literacy at NQF level 1 (Grade 10)

Pre-requisites / Assumed Learning

Learners accessing this Qualification should be competent in:

  • Communication at NQF level 1 (Grade 10)
  • Mathematical Literacy at NQF level 1 (Grade 10)

Further Study Options

Learners completing this qualification may consider further studies in:

  • Business Administration Services (NQF 3)

Further Study Options

Learners completing this qualification may consider further studies in:

  • Business Administration Services (NQF 3)

Qualification Accreditations

Qualification Accreditations

  • Theoretical Component:                        
  • Practical Component:                             
  • Contact Sessions:                                
  • Assessments Required:                     
  • Portfolio Required:                              
  • Theoretical Component:                        
  • Practical Component:                             
  • Contact Sessions:                                
  • Assessments Required:                     
  • Portfolio Required:                              

  • Module 1:                    
  • Module 2:                          
  • Module 3:                         
  • Module 4:                        
  • Module 5:                        
  • Module 6:                                            

  • Module 1:                    
  • Module 2:                          
  • Module 3:                         
  • Module 4:                        
  • Module 5:                        
  • Module 6:                                            

Required Qualification Course Credit Composition

Required Qualification Course Credit Composition

Core Component Credits (Compulsory)                                                                                                                                                         70

Core Component Credits (Compulsory)                                                                                                                                                         70

Fundamental Components Credits (Compulsory)                                                                                                                                      36

Fundamental Components Credits (Compulsory)                                                                                                                                      36

Elective Component Credits (Compulsory)                                                                                                                                                  32

Elective Component Credits (Compulsory)                                                                                                                                                  32

TOTAL QUALIFICATION CREDITS                                                                                                                                                                    138

TOTAL QUALIFICATION CREDITS                                                                                                                                                                    138

Accredited Unit Standards: New Venture Creations (SMME) (SAQA ID. 49648) - NQF 2

Accredited Unit Standards: New Venture Creations (SMME) (SAQA ID. 49648) - NQF 2

Unit Standard

Unit Standard

Unit Standard Title

Unit Standard Title

Credits

Credits

Core Component (Compulsory)

Core Component (Compulsory)

Identify and demonstrate entrepreneurial ideas and opportunities

Identify and demonstrate entrepreneurial ideas and opportunities

119673

119673

7

7

Match new venture opportunity to market needs

Match new venture opportunity to market needs

119669

119669

6

6

Manage marketing and selling processes of a new venture

Manage marketing and selling processes of a new venture

119672

119672

7

7

Apply the basic skills of customer service

Apply the basic skills of customer service

114972

114972

2

2

Identify the composition of a selected new venture’s industry / sector and its  procurement systems

Identify the composition of a selected new venture’s industry / sector and its  procurement systems

119667

119667

8

8

Determine financial requirements of a new venture

Determine financial requirements of a new venture

119666

119666

8

8

Produce a business plan for a new venture

Produce a business plan for a new venture

119670

119670

8

8

Manage finances for a new venture

Manage finances for a new venture

119674

119674

10

10

Manage business operations

Manage business operations

119668

119668

8

8

Behave in a professional manner in a business environment

Behave in a professional manner in a business environment

114959

114959

4

4

Apply basic business ethics in a work environment

Apply basic business ethics in a work environment

113924

113924

2

2

CORE CREDITS

CORE CREDITS

70

70

Fundamental Credits

Fundamental Credits

36

36

Unit Standard

Unit Standard

Unit Standard Title

Unit Standard Title

Credits

Credits

Fundamental Component (Compulsory)

Fundamental Component (Compulsory)

Studies and Assessment

Studies and Assessment

Online or Blended

Place of work or Host Company

12 (Minimum) onsite or via   Skype

Yes, Integrated Assessment

Yes

Online or Blended

Place of work or Host Company

12 (Minimum) onsite or via   Skype

Yes, Integrated Assessment

Yes

Numeracy

Numeracy, Literacy and HIV/AIDS

Marketing Requirements

Understand the Sector and Industry 

Financial Requirements

Business Operations

Numeracy

Numeracy, Literacy and HIV/AIDS

Marketing Requirements

Understand the Sector and Industry 

Financial Requirements

Business Operations

Qualification Modules

Qualification Modules

Unit Standard

Unit Standard

Unit Standard Title

Unit Standard Title

Credits

Credits

Elective Component (Learner to complete a minimum of 27 credits)

Elective Component (Learner to complete a minimum of 27 credits)

Tender for business or work in a selected new venture

Tender for business or work in a selected new venture

8

8

HIV / AIDS

HIV / AIDS

13915

13915

4

4

10

10

Co-ordinate meetings, minor events and travel arrangements

Co-ordinate meetings, minor events and travel arrangements

13929

13929

3

3

Prepare and process documents for financial and banking purposes

Prepare and process documents for financial and banking purposes

13932

13932

5

5

Identify, describe, compare, classify, explore shape and motion in 2- and 3- dimensional shapes in different contexts

Identify, describe, compare, classify, explore shape and motion in 2- and 3- dimensional shapes in different contexts

9008

9008

3

3

Work with a range of patterns and functions and solve problems

Work with a range of patterns and functions and solve problems

9007

9007

5

5

Use mathematics to investigate and monitor the financial aspects of personal and  community life

Use mathematics to investigate and monitor the financial aspects of personal and  community life

7469

7469

2

2

Apply basic knowledge of statistics and probability to influence the use of data  and procedures in order to investigate life 

Apply basic knowledge of statistics and probability to influence the use of data  and procedures in order to investigate life 

9009

9009

3

3

Access and use info from texts

Access and use info from texts

8963

8963

5

5

Write for a define context

Write for a define context

8964

8964

5

5

Maintain and adapt oral communication

Maintain and adapt oral communication

8962

8962

5

5

Use language in occupational learning

Use language in occupational learning

8967

8967

5

5

Demonstrate understanding of rational and irrational numbers and number  systems                      

Demonstrate understanding of rational and irrational numbers and number  systems                      

7480

7480

3

3

Administer contracts for a selected new venture

Administer contracts for a selected new venture

119712

119712

119671

119671

Monitor and control the receiving and satisfaction of visitors

Monitor and control the receiving and satisfaction of visitors

13930

13930

4

4

Elective Credits

Elective Credits

34

34