NC: New Venture Creation Qualification, SAQA ID: 49648, Level 2, 138 Credits , 24 Contact Days over 12 Months


The National Certificate in New Venture Creation: Level 2  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. It is assumed that learners are competent in Communication and Mathematical Literacy at NQF Level 1.

On completion of this Qualification, learners will be able to:

  • Use basic Mathematics in order to fulfil 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.
  • Produce a business plan for a new venture
  • Manage business operations
  • Manage marketing and selling processes of a new venture

Compulsory Modules to be covered excluding Fundamentals & Electives:

  • Apply basic business ethics in a work environment
  • Apply the basic skills of customer service
  • Behave in a professional manner in a business environment
  • Determine financial requirements of a new venture
  • Identify and demonstrate entrepreneurial ideas and opportunities
  • Identify the composition of a selected new venture’s industry/sector and its procurement systems
  • Manage finances for a new venture
  • Match new venture opportunity to market needs
  •  Produce a business plan for a new venture

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