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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED QUALIFICATION: 

Further Education and Training Certificate: New Venture Creation 
SAQA QUAL ID QUALIFICATION TITLE
66249  Further Education and Training Certificate: New Venture Creation 
ORIGINATOR
Task Team - New Venture Creation 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY NQF SUB-FRAMEWORK
SERVICES - Services Sector Education and Training Authority  OQSF - Occupational Qualifications Sub-framework 
QUALIFICATION TYPE FIELD SUBFIELD
Further Ed and Training Cert  Field 03 - Business, Commerce and Management Studies  Generic Management 
ABET BAND MINIMUM CREDITS PRE-2009 NQF LEVEL NQF LEVEL QUAL CLASS
Undefined  149  Level 4  NQF Level 04  Regular-Unit Stds Based 
REGISTRATION STATUS SAQA DECISION NUMBER REGISTRATION START DATE REGISTRATION END DATE
Reregistered  SAQA 06120/18  2018-07-01  2023-06-30 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This qualification replaces: 
Qual ID Qualification Title Pre-2009 NQF Level NQF Level Min Credits Replacement Status
23953  Further Education and Training Certificate: New Venture Creation (SMME)  Level 4  NQF Level 04  162  Complete 

PURPOSE AND RATIONALE OF THE QUALIFICATION 
Purpose:

The purpose of the Qualification is to develop the appropriate skills and knowledge required by a person for the establishment and development of a small to medium business venture, and address the economic, administrative and behavioural (psycho-social) barriers that contribute to success in starting and sustaining the venture.

This qualification is intended for persons who wish to start, operate, manage and grow a new small to medium business venture. Learners attempting this qualification will be equipped with a variety of technical, business managerial and personal skills and strategies to help them succeed in the creation and sustenance of a business. The successful learner will develop a sound foundation for the application of these skills and knowledge to explore a diverse range of entrepreneurial opportunities.

Recipients of this qualification will be able to:
  • Demonstrate an ability to identify and create a new venture.
  • Demonstrate knowledge of interpersonal skills required in a business environment.
  • Demonstrate an understanding of basic economics within an market economy.
  • Manage a new venture by applying business principles and techniques.
  • Demonstrate an understanding of the role of leadership and management.

    Rationale:

    This Qualification will meet the needs of the formal and in-formal Small, Micro and Medium Enterprise Sector by providing training standards against which entrepreneurs can be trained. This Qualification meets the needs of society by, primarily, providing persons who are able to apply the fairly complex knowledge and skills required to be an entrepreneur and thus contribute to the economic upliftment of themselves, their community and thereby the nation as a whole. Alternatively this Qualification is also attractive to persons who have not received formal training in this Sector but who are are already managing and/or are working as employees within an established Small, Micro and Medium Enterprise business.

    This Qualification contributes to an integrated National Qualifications Framework; provides for access, mobility and progression within the Small, Micro and Medium Enterprise Sector; enhances the quality of training for entrepreneurs; allows for the redress of past and contributes to the development of the learner entrepreneurs.

    The majority of the learners attempting this qualification are likely to be unemployed persons who, via a learnership, have been identified and selected as having the potential to create a new business venture. With this Qualification and the established of a Small, Micro and Medium Enterprise provides the learner access to further learning opportunities at NQF Level 5 in Business Consulting Practice and Business Advising. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that the learner has the following knowledge and skills:
  • Communication at NQF Level 3.
  • Mathematical Literacy at NQF Level 3.

    Recognition of Prior Learning:

    This Qualification makes the Recognition of Prior Learning possible, if the learner is able to demonstrate competence in the knowledge, skills, values and attitudes implicit in this Marketing Qualification. Recognition of Prior Learning will be done by means of an Integrated Assessment as mentioned in the previous paragraph.

    This Recognition of Prior Learning may allow:
  • For accelerated access to further learning.
  • Gaining of credits towards a unit standard.
  • For full or partial recognition of the Qualification.

    All recognition of Prior Learning is subject to quality assurance by the relevant accredited Education, Training, Quality, and Assurance Body and is conducted by a registered workplace assessor. Because the standards are only core and fundamental, these standards may have been acquired in a range of economic sectors and these will be recognized as appropriate.

    Access to the Qualification:

    There is an open access to this qualification, keeping in mind the "Learning Assumed to be in Place". 
    		•

    RECOGNISE PREVIOUS LEARNING? 
    Y 

    QUALIFICATION RULES 
    The Qualification consists of a Fundamental, a Core and an Elective Component.

    To be awarded the Qualification learners are required to obtain a minimum of 149 credits as detailed below.

    Fundamental Component:

    The Fundamental Component consists of Unit Standards in:
  • Mathematical Literacy at NQF Level 4 to the value of 16 credits.
  • Communication at NQF Level 4 in a First South African Language to the value of 20 credits.
  • Communication in a Second South African Language at NQF Level 3 to the value of 20 credits.

    It is compulsory therefore for learners to do Communication in two different South African languages, one at NQF Level 4 and the other at NQF Level 3.

    All Unit Standards in the Fundamental Component are compulsory.

    Core Component:

    The Core Component consists of Unit Standards to the value of 82 credits all of which are compulsory.

    Elective Component:

    The Elective Component consists of individual unit standards from which the learner must choose unit standards totalling a minimum of 11 credits. 
    		•

    EXIT LEVEL OUTCOMES 
    1. Demonstrate an ability to identify and create a new venture.

    2. Demonstrate knowledge of interpersonal skills required in a business environment.

    3. Demonstrate an understanding of basic economics within an market economy.

    4. Manage a new venture by applying business principles and techniques.

    5. Demonstrate an understanding of the role of leadership and management.

    Critical Cross-Field Outcomes:

    This qualification promotes, in particular, the following Critical Cross-Field Outcomes:

    Identifying and solving problems in which responses display that responsible decisions using critical and creative thinking have been made when:
  • Demonstrating an ability to identify and create a new venture.
  • Demonstrating knowledge of interpersonal skills required in a business environment.
  • Managing a new venture by applying business principles and techniques.
  • Demonstrating an understanding of the role of leadership and management.

    Working effectively with others as a member of a team, group, organisation, and community during:
  • The identification and creation of a new venture.
  • The management of a new venture.

    Organising and managing oneself and one's activities responsibly and effectively when:
  • Demonstrating an ability to identify and create a new venture.
  • Managing a new venture.

    Communicate effectively using visual, mathematical and/or language in the modes of oral and/or written persuasion when:
  • Demonstrating an ability to identify and create a new venture.
  • Demonstrating knowledge of interpersonal skills required in a business environment.
  • Managing a new venture by applying business principles and techniques.

    Collecting, analysing, organising and critically evaluating information to better understand and explain:
  • An understanding of basic economics within an market economy.
  • An understanding of the role of leadership and management.

    Using science and technology effectively and critically, showing responsibility towards the environment and health of others when:
  • Demonstrating an ability to identify and create a new venture.
  • Demonstrating an understanding of basic economics within an market economy.
  • Managing a new venture by applying business principles and techniques.

    Demonstrating an understanding of the world as a set of related systems by recognising that problem-solving contexts do not exist in isolation when:
  • Demonstrating an understanding of basic economics within an market economy. 
    		•

    ASSOCIATED ASSESSMENT CRITERIA 
    Associated Assessment Criteria for Exit Level Outcome 1:

    1.1 An understanding is demonstrated of the importance of a paradigm shift from a job-seeking attitude to a business opportunity seeking attitude.
    1.2 Business opportunities are identified and evaluated in terms of its potential viability.
    1.3 Problems-solving techniques and principles are applied within a business start-up and operation context.

    Associated Assessment Criteria for Exit Level Outcome 2:

    2.1 An understanding is demonstrated of the concept of group dynamics.
    2.2 An understanding is demonstrated of the characteristics of effective team work.
    2.3 An understanding is demonstrated of various networking principles and techniques.
    2.4 Potential personal limitations, abilities and expectations are identified for self developmental purposes.

    Associated Assessment Criteria for Exit Level Outcome 3:

    3.1 An understanding is demonstrated of new venture financing sources and opportunities.
    3.2 An understanding is demonstrated of the principles of micro and macro economics.
    3.3 Potential threats and opportunities within the economic environment are identified for future business decision making.
    3.4 An understanding is demonstrated of business competitiveness.
  • Range: Business competitiveness includes but is not limited to factors such as inflation, exchange rates, interest rates, economic indicators and competition.

    Associated Assessment Criteria for Exit Level Outcome 4:

    4.1 A business plan for a new venture is developed using strategic planning principles and techniques.
    4.2 Guidelines for the implementation and monitoring the strategic action plan are formulated in terms of milestones and timeframes.
    4.3 Financial management planning principles and techniques are applied in order manage the business in an efficient and effective manner.
    4.4 Production and/or operations management is applied in a chosen business opportunity.
    4.5 Sound human resources management techniques are applied in order to set up a productive and motivated workforce for a business.
    4.6 Administrative principles and procedures are applied for sound administration and record-keeping.

    Associated Assessment Criteria for Exit Level Outcome 5:

    5.1 Knowledge is demonstrated of how management and leadership principles are applied to improve business effectiveness and efficiency.
    5.2 Knowledge is demonstrated of the differences between leadership and management in terms of managing a business.
    5.3 Knowledge is demonstrated of leadership and management styles in relation to their impact on business performance.
    5.4 Leadership and management principles and techniques are applied in order to enhance business performance.

    Integrated Assessment:

    Because assessment practices must be open, transparent, fair, valid, and reliable and ensure that no learner is disadvantaged in any way whatsoever, an integrated assessment approach is incorporated into the Qualification. Learning, teaching and assessment are inextricably linked. Whenever possible, the assessment of knowledge, skills, attitudes and values shown in the unit standards should be integrated.

    Assessment of the communication, language, literacy and numeracy should be conducted in conjunction with other aspects and should use authentic new venture creation contexts wherever possible.

    A variety of methods must be used in assessment and tools and activities must be appropriate to the context in which the learner is working. Where it is not possible to assess the learner in the workplace or on-the-job, simulations, case studies, role-plays and other similar techniques should be used to provide a context appropriate to the assessment.

    The term 'Integrated Assessment' implies that theoretical and practical components should be assessed together. During integrated assessments the assessor should make use of formative and summative assessment methods and assess combinations of practical, applied, foundational and reflective competencies.

    Assessors and moderators should make use of a range of formative and summative assessment methods. Assessors should assess and give credit for the evidence of learning that has already been acquired through formal, informal and non-formal learning and work experience.

    Assessment should ensure that all Specific Outcomes, Essential Embedded Knowledge and Critical Cross-Field Outcomes are assessed. The assessment of the Critical Cross-Field Outcomes should be integrated with the assessment of Specific Outcomes and Essential Embedded Knowledge. 
    		•

    INTERNATIONAL COMPARABILITY 
    Best Practice:

    The following countries were selected for the International Comparability due to the fact that their programmes, like the Further Education and Training Certificate: New Venture Creation, are programmes that are mostly presented by organisations responsible for new business development, new venture creation or entrepreneur development. These countries are Seychelles, Bulgaria, Slovinia, India, Thailand and Uganda.

    Seychelles:

    The Seychelles Industrial Development Corporation has within it the Small and Medium Business Bureau which primary looks after the interests of Small and Medium Business as well as providing training opportunities for entrepreneurs. The basic entrepreneur programme consists of the following modules:
  • Tax and Finances.
  • Insurance and Risk.
  • General Business Issues: Business Structure, Superannuation, Debt Recovery/Unpaid Invoices.
  • Self Promotion/Marketing.

    Findings:

    The Further Education and Training Certificate: New Venture Creation compares favourably to the training opportunity presented by the Small and Medium Business Bureau except that the Further Education and Training Certificate: New Venture Creation offers empowerement in a lot more of the softer skills such as management and leadership.

    Bulgaria:

    In Bulgaria the Bulgarian Association for Management Development and Entrepreneurship has as one of its core functions the unifying of the best training institutions in Bulgaria and the promotion of certified training programmes of its members. Among one of the certified training programmes is the programmme for New Business Developers. This programme deals with the following aspects:
  • Marketing.
  • Finance.
  • Operations.
  • Human resources.
  • Selling.
  • Pricing.
  • Planning.
  • Strategy development.
  • Purchasing.
  • Producing.
  • Record-keeping.
  • Business administration.
  • Risk-taking.
  • Decision-making.
  • Coping with uncertainty.
  • Problem-solving.
  • Communication.
  • Negotiation.
  • Leadership.

    Findings:

    The Further Education and Training Certificate: New Venture Creation compares very favourably to the Bulgarian Association for Management Development and Entrepreneurship New Business Developers programme in terms of content.

    Slovinia:

    The International Center for Promotion of Enterprises (ICPE) is an international intergovernmental organisation with Slovenia and India as its leading members and is mandated to promote and support enterprise development in the developing and transitional economies with a view to fostering their economic development in the regional and global context. The Center presents a programme in small enterprise development for the entrepreneur which is based on the following aspects:
  • Business and legal requirements.
  • Financial planning and management.
  • Promoting of your business.
  • Managing people.

    Findings:

    The Further Education and Training Certificate: New Venture Creation compares favourably to the Slovenian International Center for Promotion of Enterprises programme in small enterprise development for the entrepreneur.

    India:

    The Entrepreneurship Development Institute of India is an organisation commited to promoting entrepreneurship through education, development and training. It offers a basic programme for entrepreneurs which contains the following aspects:
  • Skills and behavioural training: Entrepreneurial motivation and competencies, problem-solving, counselling and communication.
  • Resource building: Procedures and formalities in setting up new enterprises, incentives and benefits for entrepreneurs.
  • Business opportunity identification.
  • Business profile preparation, business plan formulation and assessing the viability of a business plan.
  • Small business management.
  • Business crisis.

    Findings:

    The Further Education and Training Certificate: New Venture Creation compares favourably to the Entrepreneurship Development Institute of India's programme for entrepreneurs.

    Thailand:

    Thailand's Institute for Small to Medium Enterprise Development courses are focused on direct target groups to facilitate and match the requirement of Small to Medium Enterprises. Small to Medium Enterprises entrepreneurs can select to attend the proper training course which fit their need, either a short, intermediate, or a longer training modules. Training courses are provided in various modules. These models are:
  • General management - marketing, production, finance, human resource, accounts and taxation.
  • Small business management.
  • Specific business knowledge.
  • Business instruments- business plan, art of communication, etc.
  • New entrepreneurs creation.

    Findings:

    The Further Education and Training Certificate: New Venture Creation compares favourably to the sum of Thailand's Institute for Small to Medium Enterprise Development models for Small to Medium Enterprises Development.

    Uganda:

    In Uganda the Management Training and Advisory Centre in Kampala was established to among other things promote industrial and enterprise development. The Center offers training for entrepreneurs which includes subjects such as:
  • Establishing business & legal requirements.
  • Undertaking financial planning.
  • Promoting the business.
  • Undertaking business planning.
  • Managing finances.
  • Managing a small team.
  • Establishing business networks.
  • Customer service.
  • Monitoring a safe workplace.
  • Maintaining financial records.

    Findings:

    The Further Education and Training Certificate: New Venture Creation compares favourably to the Ugandan Management Training and Advisory Centre training programme for entrepreneurs.

    Summary:

    Of the above programmes and courses all of them compare very favorably to the Further Education and Training Certificate: New Venture Creation, especially in terms of content. It would appear that all these programmes and courses approach is to empower persons in order to start, operate, manage and grow small to medium new business ventures. 
    		•

    ARTICULATION OPTIONS 
    This Qualification lends itself to both vertical and horizontal articulation possibilities.

    Horizontal articulation is possible with the following Qualifications:
  • ID 48883: Further Education and Training Certificate: Small Business Advising (Information Support), NQF Level 4.
  • ID 57712: Further Education and Training Certificate: Generic Management, NQF Level 4.

    Vertical articulation is possible with the following qualifications:
  • ID 48886: National Certificate: Business Advising, NQF Level 5.
  • ID 48874: National Certificate: Business Consulting Practice (Enterprise Resource Planning), NQF Level 5.
  • ID 59201: National Certificate: Generic Management, NQF Level 5. 
    		•

    MODERATION OPTIONS 
  • Anyone assessing a learner or moderating the assessment of a learner against this Qualification must be registered as an assessor with the relevant Education, Training, Quality, and Assurance (ETQA) Body.
  • Any institution offering learning that will enable the achievement of this Qualification must be accredited as a provider with the relevant ETQA.
  • Assessment and moderation of assessment will be overseen by the relevant ETQA according to the ETQA's policies and guidelines for assessment and moderation; in terms of agreements reached around assessment and moderation between ETQA's (including professional bodies); and in terms of the moderation guideline detailed immediately below.
  • Moderation must include both internal and external moderation of assessments at exit points of the Qualification, unless ETQA policies specify otherwise. Moderation should also encompass achievement of the competence described both in individual unit standards, the integrated competence described in the Qualification.

    Anyone wishing to be assessed against this Qualification may apply to be assessed by any assessment agency, assessor or provider institution that is accredited by the relevant ETQA. 
    		•

    CRITERIA FOR THE REGISTRATION OF ASSESSORS 
    For an applicant to register as an assessor, the applicant needs:
  • A minimum of 2 (two) years' practical, relevant occupational experience.
  • A relevant Qualification at NQF Level 5 or higher.
  • To be registered as an assessor with the relevant ETQA. 
    		•

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this qualification was Reregistered in 2012; 2015. 

    NOTES 
    This qualification replaces qualification 23953, "Further Education and Training Certificate: New Venture Creation (SMME)", Level 4, 162 credits. 

    UNIT STANDARDS: 
      ID UNIT STANDARD TITLE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
    Core  114600  Apply innovative thinking to the development of a small business  Level 4  NQF Level 04  4 
    Core  263455  Apply the principles of costing and pricing to a business venture  Level 4  NQF Level 04  6 
    Core  263356  Demonstrate an understanding of an entrepreneurial profile  Level 4  NQF Level 04  5 
    Core  263514  Demonstrate an understanding of the function of the market mechanisms in a new venture  Level 4  NQF Level 04  5 
    Core  120389  Explain and apply the concept, principles and theories of motivation in a leadership context  Level 4  NQF Level 04  6 
    Core  114584  Finance a new venture  Level 4  NQF Level 04  5 
    Core  263534  Implement an action plan for a new venture  Level 4  NQF Level 04  4 
    Core  263474  Manage finances of a new venture  Level 4  NQF Level 04  6 
    Core  114805  Manage general administration  Level 4  NQF Level 04  4 
    Core  13948  Negotiate an agreement or deal in an authentic work situation  Level 4  NQF Level 04  5 
    Core  263434  Plan and manage production/operations in a new venture  Level 4  NQF Level 04  6 
    Core  263456  Plan strategically to improve new venture performance  Level 4  NQF Level 04  4 
    Core  114592  Produce business plans for a new venture  Level 4  NQF Level 04  8 
    Core  114596  Research the viability of new venture ideas/opportunities  Level 4  NQF Level 04  5 
    Core  116394  Implement and manage human resource and labour relations policies and acts  Level 5  Level TBA: Pre-2009 was L5  9 
    Fundamental  119472  Accommodate audience and context needs in oral/signed communication  Level 3  NQF Level 03  5 
    Fundamental  119457  Interpret and use information from texts  Level 3  NQF Level 03  5 
    Fundamental  119467  Use language and communication in occupational learning programmes  Level 3  NQF Level 03  5 
    Fundamental  119465  Write/present/sign texts for a range of communicative contexts  Level 3  NQF Level 03  5 
    Fundamental  9015  Apply knowledge of statistics and probability to critically interrogate and effectively communicate findings on life related problems  Level 4  NQF Level 04  6 
    Fundamental  119462  Engage in sustained oral/signed communication and evaluate spoken/signed texts  Level 4  NQF Level 04  5 
    Fundamental  119469  Read/view, analyse and respond to a variety of texts  Level 4  NQF Level 04  5 
    Fundamental  9016  Represent analyse and calculate shape and motion in 2-and 3-dimensional space in different contexts  Level 4  NQF Level 04  4 
    Fundamental  119471  Use language and communication in occupational learning programmes  Level 4  NQF Level 04  5 
    Fundamental  7468  Use mathematics to investigate and monitor the financial aspects of personal, business, national and international issues  Level 4  NQF Level 04  6 
    Fundamental  119459  Write/present/sign for a wide range of contexts  Level 4  NQF Level 04  5 
    Elective  119671  Administer contracts for a selected new venture  Level 3  NQF Level 03  10 
    Elective  113836  Apply basic computer technology  Level 3  NQF Level 03  11 
    Elective  13912  Apply knowledge of self and team in order to develop a plan to enhance team performance  Level 3  NQF Level 03  5 
    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  NQF Level 03  4 
    Elective  123258  Foster and maintain customer relations  Level 3  NQF Level 03  10 
    Elective  243298  Apply administrative skills and knowledge in a sport organisation  Level 4  NQF Level 04  11 
    Elective  120392  Apply the concept and principles of knowledge management to leadership  Level 4  NQF Level 04  8 
    Elective  243296  Apply values and ethics to a sport organisation  Level 4  NQF Level 04  3 
    Elective  242872  Conduct international market research  Level 4  NQF Level 04  6 
    Elective  243303  Create, improvise and organize sport activities  Level 4  NQF Level 04  6 
    Elective  13952  Demonstrate basic understanding of the Primary labour legislation that impacts on a business unit  Level 4  NQF Level 04  8 
    Elective  242655  Demonstrate knowledge and application of ethical conduct in a business environment  Level 4  NQF Level 04  4 
    Elective  13945  Describe and apply the management of stock and fixed assets in a business unit  Level 4  NQF Level 04  2 
    Elective  117156  Interpret basic financial statements  Level 4  NQF Level 04  4 
    Elective  243300  Lead a community sport activity  Level 4  NQF Level 04  12 
    Elective  242819  Motivate and Build a Team  Level 4  NQF Level 04  10 
    Elective  243293  Promote sport activity in a community  Level 4  NQF Level 04  4 
    Elective  114593  Tender to secure business for a new venture  Level 4  NQF Level 04  5 
    Elective  115857  Explain marketing for SMMEs  Level 5  Level TBA: Pre-2009 was L5  6 


    LEARNING PROGRAMMES RECORDED AGAINST THIS QUALIFICATION: 
    When qualifications are replaced, some (but not all) of their learning programmes are moved to the replacement qualifications. If a learning programme appears to be missing from here, please check the replaced qualification.
     
    NONE 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS QUALIFICATION: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    NONE 


    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.