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SAQA ID: 49648, NQF Level 2, Minimum 138 credits
Contact Sessions: Customised to client strategic needs and learners experience.
Target Industries :Private Individuals, Schools, Creches

Purpose

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. Thus the design and establishment of an entrepreneurship qualification aims to: 

  • Develop appropriate skills and knowledge for the establishment and development of an enterprise. 
  • Address the economic/administrative and behavioural barriers that contribute to failures in starting and sustaining an enterprise. 
  • Create long-term solutions for job creation and SMME development via the building blocks and structure of a qualification that practically addresses the learning requirements of budding entrepreneurs. 

Skills Outcome

  • Use basic Mathematics in order to fulfill new venture functions effectively.
  • Apply basic Communication skills in 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.
General Information
  • Credit Accumulation Transfer (CAT): CAT exemption is only applicable to approved learners. Approved learners will have reduced contact days. Learners who do not meet with CAT requirements will need to complete all Clusters in full.
  • FISA Requirements: Final Integrated Summative Assessment is a requirement for the successful completion of this learnership.
  • Recognition of Prior Learning (RPL): Application for RPL may allow for accelerated success to further learning.