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The New Venture Creation programme is designed to meet the needs of learners who are either aspiring entrepreneurs, self -employed individuals, or existing small business owners seeking to establish, manage, grow, and sustain viable business ventures within the South African economy.
The qualification equips learners with practical entrepreneurial, financial, operational, and leadership skills required to identify opportunities, respond to market needs, and operate a new venture in a structured and sustainable manner. It supports economic participation, job creation, and enterprise development across multiple sectors.
At NQF Level 2, the programme provides foundational entrepreneurial knowledge, focusing on basic business concepts, opportunity identification, customer engagement, and simple financial management. Learners gain an introduction to how new ventures operate and develop the confidence to participate meaningfully in small business activities or proceed to further learning.
At NQF Level 4, the programme builds on this foundation by developing applied business management and entrepreneurial leadership competencies. Learners are equipped to independently plan, implement, manage, and grow a small business. Emphasis is placed on business planning, financial control, marketing strategies, people management, and operational decision -making in a competitive environment.
The qualification is aimed at improving entrepreneurial capability, productivity, and sustainability by enabling learners to apply innovative thinking, manage risk, and respond effectively to economic and market challenges. It supports individuals who wish to start new enterprises, formalise existing businesses, or manage entrepreneurial initiatives within broader organisational contexts.
Aspiring entrepreneurs and start -up founders
Informal traders seeking to formalise their businesses
Self -employed individuals and micro -enterprise owners
Learners seeking entry into entrepreneurship or small business management
Learners will be able to:
Identify and evaluate viable business opportunities
Understand and apply entrepreneurial principles in real -world contexts
Develop and implement business plans for new ventures
Manage basic to intermediate business finances, marketing, and operations
Apply communication, leadership, and customer -focused skills
Operate ethically and sustainably within the South African business environment
Small Business Owner / Entrepreneur
Micro or Small Enterprise Manager
Business Development Assistant
Entrepreneurial Project Coordinator
Pathway to further studies in Business Management or Entrepreneurship
| Minimum requirements for learnership application | MATRIC or NQF 4 |
| I am interested in | New Venture Creation |
| Qualification on completion of learnership | National Certificate |
| NQF Level on completion of learnership | NQF 2 & NQF 4 |
| SETA | Service SETA |
Transcend, Inc.
For almost 18 years, Transcend's B-BBEE Consultants have driven successful BEE implementation and sustainable transformation solutions for over 1000 companies.
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