Rock Lilly - Accredited Training Company

new venture creation level 2 Full Qualification


The future of South Africa's economy does not just lie in the formal sector, but within the informal SMME sector too. This is a growing part of South Africa's economy and requires substantial focus from a developmental perspective. Following the success of the implementation of the National Certificate: New Venture Creation (NVC): Level 4 and upon doing further research, it has been established that there is a great demand to equip entrepreneurial learners with knowledge and skills at NQF level 2 so that they can become part of the mainstream economy as they set up and manage new ventures. Whilst the complexity of learning will be simpler at this level, the main outputs, requirements and competences of such entrepreneurs are broadly the same.


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.

  • 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

Qualification Units

  • US113924 : Apply basic business ethics in a work environment
  • US114974 : Apply the basic skills of customer service
  • US114959 : Behave in a professional manner in a business environment
  • US119666 : Determine financial requirements of a new venture
  • US119673 : Identify and demonstrate entrepreneurial ideas and opportunities
  • US119667 : Identify the composition of a selected new venture's industry/sector and its procurement systems
  • US119668 : Manage business operations
  • US119674 : Manage finances for a new venture
  • US119672 : Manage marketing and selling processes of a new venture
  • US119669 : Match new venture opportunity to market needs
  • US119670 : Produce a business plan for a new venture
  • US8963 : Access and use information from texts
  • US9009 : Apply basic knowledge of statistics and probability to influence the use of data and procedures in order to investigate life related problems
  • US7480 : Demonstrate understanding of rational and irrational numbers and number systems
  • US9008 : Identify, describe, compare, classify, explore shape and motion in 2-and 3-dimensional shapes in different contexts
  • US8962 : Maintain and adapt oral communication
  • US8967 : Use language and communication in occupational learning programmes
  • US7469 : Use mathematics to investigate and monitor the financial aspects of personal and community life
  • US9007 : Work with a range of patterns and functions and solve problems
  • US8964 : Write for a defined context

2020 Training Catelogue

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