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)

119673

119673

7

7

119669

119669

6

6

119672

119672

7

7

114972

114972

2

2

119667

119667

8

8

119666

119666

8

8

119670

119670

8

8

119674

119674

10

10

119668

119668

8

8

114959

114959

4

4

113924

113924

2

2

CORE CREDITS

CORE CREDITS

70

70

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)

8

8

13915

13915

4

4

10

10

13929

13929

3

3

13932

13932

5

5

9008

9008

3

3

9007

9007

5

5

7469

7469

2

2

9009

9009

3

3

8963

8963

5

5

8964

8964

5

5

8962

8962

5

5

8967

8967

5

5

7480

7480

3

3

119712

119712

119671

119671

13930

13930

4

4

34

34