NATIONAL CERTIFICATE: NEW VENTURE CREATION (SMME)

SAQA ID: 49648 NQF Level: 2

Learnership Duration: 12 months Credits: 138
Contact Sessions: Customised to client strategic needs and learners experience.
Accrediting SETA: Services Sector Education & Training Authority (SSETA).
Target Market: Existing and Potential Entrepreneurs • SMME Businesses • Community Development
Projects

Recommended Entry Criteria

■ Communication at NQF Level 1.
■ Mathematical Literacy at NQF Level 1.

Purpose
The purpose of this 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. This
qualification is designed for learners who intend to set up or have already set up own ventures.

Qualification Rules
This qualification is made up of fundamental, core and elective unit standards and a minimum of 138 credits is required to
complete the qualification:
■ Core unit standards totaling 70 credits are compulsory.
■ Fundamental unit standards totaling 36 credits are compulsory.
■ Elective unit standards totaling 32 credits.

Skills Outcomes
■ 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

Unit Standards
Cluster 1 – Literacy
Outcome SAQA ID Name of Unit Standard Credits

Fundamental 8967 Use language and communication in occupational learning programmes 5

Fundamental 8963 Access and use information from texts 5

Fundamental 8962 Maintain and adapt oral/signed communication 5

Fundamental 8964 Write /present for a defined context 5

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Cluster 2 – Numeracy
Outcome SAQA ID Name of Unit Standard Credits

Fundamental 7480 Demonstrate understanding of rational and irrational numbers and number systems 3
Apply basic knowledge of statistics and probability to influence the use of data and procedures in order to
Fundamental 9009 3
investigate life related problems
Fundamental 9007 Work with a range of patterns and functions and solve problems 5

Fundamental 7469 Use mathematics to investigate and monitor the financial aspects of personal and community life 2
Identify, describe, compare, classify, explore shape and motion in 2- and 3-dimensional shapes in different
Fundamental 9008 3
contexts
Cluster 3 - Business Communication
Outcome SAQA ID Name of Unit Standard Credits

Core 114974 Apply the basic skills of customer service 2

Elective 13929 Co-ordinate meetings, minor events and travel arrangements 3

4
Elective 13934 Plan and prepare meeting communications

Cluster 4 – Professional Behaviour

Outcome SAQA ID Name of Unit Standard Credits

Core 113924 Apply basic business ethics in a work environment 2

Core 114959 Behave in a professional manner in a business environment 4

Elective 13912 Apply knowledge of self and team in order to develop a plan to enhance team performance 5

Cluster 5 – Financing in a New Venture

Outcome SAQA ID Name of Unit Standard Credits

Core 119666 Determine financial requirements of a new venture 8

Core 119674 Manage finances for a new venture 10

Elective 13932 Prepare and process documents for financial and banking processes 5

Cluster 6 – Business Operations

Outcome SAQA ID Name of Unit Standard Credits

Core 119667 Identify the composition of a selected new venture’s industry/ sector and its procurement systems 8

Elective 13933 Plan, monitor and control an information system in a business environment 3

Elective 119712 Tender for business or work in a selected new venture 8

Core 119670 Produce a business plan for a new venture 8

Core 119668 Manage business operations 8

Cluster 7 – Marketing in a New Venture Creation

Outcome SAQA ID Name of Unit Standard Credits

Core 119673 Identify and demonstrate entrepreneurial ideas and opportunities 7

Core 119669 Match new venture opportunity to market needs 6

Core 119672 Manage marketing and selling processes of a new venture 7

Cluster 8 – Legislative Requirements

Outcome SAQA ID Name of Unit Standard Credits

Elective 9964 Apply health and safety to a work area 3

Elective 13936 Outline the legal environment of a selected industry 2