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. This qualification is designed for learners who intend to set up or have already set up own ventures. Assessment of the competencies and knowledge in the qualification needs to be done in the context of the learner’s own new venture.

Research has indicated that people working with their own new ventures at this level need the following competencies:

  • Acquisition of an entrepreneurial profile which includes an innovation orientation
  • An understanding of the industry/sector in which they wish to establish a new venture
  • An ability to match new venture opportunities to market needs within a chosen industry/sector
  • An ability to determine and manage the financial requirements of a new venture
  • An ability to match new venture opportunities to market needs
  • An ability to compile and utilise a business plan to manage a new venture and also where relevant, to seek funding for a new venture


It is assumed that learners are competent in Communication and Mathematical Literacy at NQF Level 1.



Core 113924 Apply basic business ethics in a work environment Level 2 2
Core 114974 Apply the basic skills of customer service Level 2 2
Core 114959 Behave in a professional manner in a business environment Level 2 4
Core 119666 Determine financial requirements of a new venture Level 2 8
Core 119673 Identify and demonstrate entrepreneurial ideas and opportunities Level 2 7
Core 119667 Identify the composition of a selected new venture’s industry/sector and its procurement systems Level 2 8
Core 119668 Manage business operations Level 2 8
Core 119674 Manage finances for a new venture Level 2 10
Core 119672 Manage marketing and selling processes of a new venture Level 2 7
Core 119669 Match new venture opportunity to market needs Level 2 6
Core 119670 Produce a business plan for a new venture Level 2 8
Fundamental 8963 Access and use information from texts Level 2 5
Fundamental 9009 Apply basic knowledge of statistics and probability to influence the use of data and procedures in order to investigate life related problems Level 2 3
Fundamental 7480 Demonstrate understanding of rational and irrational numbers and number systems Level 2 3
Fundamental 9008 Identify, describe, compare, classify, explore shape and motion in 2-and 3-dimensional shapes in different contexts Level 2 3
Fundamental 8962 Maintain and adapt oral communication Level 2 5
Fundamental 8967 Use language and communication in occupational learning programmes Level 2 5
Fundamental 7469 Use mathematics to investigate and monitor the financial aspects of personal and community life Level 2 2
Fundamental 9007 Work with a range of patterns and functions and solve problems Level 2 5
Fundamental 8964 Write for a defined context Level 2 5
Elective 9964 Apply health and safety to a work area Level 2 3
Elective 13912 Apply knowledge of self and team in order to develop a plan to enhance team performance Level 3 5
Elective 13929 Co-ordinate meetings, minor events and travel arrangements Level 3 3
Elective 13915 Demonstrate knowledge and understanding of HIV/AIDS in a workplace, and its effects on a business sub-sector, own organisation and a specific workplace Level 3 4
Elective 13930 Monitor and control the receiving and satisfaction of visitors Level 3 4
Elective 13936 Outline the legal environment of a selected industry Level 3 2
Elective 13934 Plan and prepare meeting communications Level 3 4
Elective 13933 Plan, monitor and control an information system in a business environment Level 3 3
Elective 13932 Prepare and process documents for financial and banking processes Level 3 5

1. Use basic Mathematics in order to fulfill new venture functions effectively.

2. Apply basic Communication skills in new venture creation context.

3. Determine market requirements and manage the relevant marketing and selling processes.

4. Demonstrate an understanding of the sector/industry in which the business operates.

5. Determine financial requirements and manage financial resources of a new venture.

6. Manage business operations.


49280  New Venture Creation (SMME)

NQF level 2

Minimum Credits 138


Contact Person:  
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 Please print this form and send to:

E-mail: training@cbacademy.co.za

Liezl van der Westhuizen

082 373 0971

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