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

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)

Further Study Options

Learners completing this qualification may consider further studies in:

• Business Administration Services (NQF 3)

Qualification Accreditations

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

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

Required Qualification Course Credit Composition

Core Component Credits (Compulsory)                                                                                                                                                         70

Fundamental Components Credits (Compulsory)                                                                                                                                      36

Elective Component Credits (Compulsory)                                                                                                                                                  32

TOTAL QUALIFICATION CREDITS                                                                                                                                                                    138

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

Unit Standard

Unit Standard Title

Credits

Core Component (Compulsory)

119673

7

119669

6

119672

7

114972

2

119667

8

119666

8

119670

8

119674

10

119668

8

114959

4

113924

2

CORE CREDITS

70

36

Unit Standard

Unit Standard Title

Credits

Fundamental Component (Compulsory)

Studies and Assessment

Online or Blended

Place of work or Host Company

12 (Minimum) onsite or via   Skype

Yes, Integrated Assessment

Yes

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Numeracy

Numeracy, Literacy and HIV/AIDS

Marketing Requirements

Understand the Sector and Industry 

Financial Requirements

Business Operations

Qualification Modules

Unit Standard

Unit Standard Title

Credits

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

8

13915

4

10

13929

3

13932

5

9008

3

9007

5

7469

2

9009

3

8963

5

8964

5

8962

5

8967

5

7480

3

119712

119671

13930

4

34