Further Education and Training Certificate in New Venture Creation (NQF 4)

SETA Qualifications Business Studies 149 Credits 1 Year Register Online
Section 1

Purpose of Qualification

The purpose of this 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. Students
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 student will develop a sound foundation for the application of these
skills and knowledge to explore a diverse range of entrepreneurial opportunities.

Section 2

Career Focus

  • Aspiring Entrepreneurs
  • Managers
  • Junior Managers in SMME business
Section 3

Registered with

Department of Higher Education and Training.

Section 4

Accredited by

Services Seta (SAQA ID: 66249)

Section 5

Admission Requirements

Mathematical Literacy NQF level 3 and communication NQF Level 4.

Section 6


Horizontal articulation is possible towards Further Education and Training Certificate: Generic Management
NQF Level 4. Vertical articulation is possible towards a Higher Certificate, Diploma in Business Administration.

Section 7

Assessment of Programme

Assessment is conducted as both Formative Assessment and Summative Assessments. The Formative Assessment is
covered as Continuous Assessment Tests and compilation of a Portfolio of Evidence by the student. The Summative
Assessment takes place as a National Summative exam for First and Second Semesters. It is compulsory for all
students to complete WIL for completion of the programme.

Section 8

Course Structure

  • Fundamentals of Entrepreneurship
  • Financial Management
  • Principles of Production/Operations Management
  • Human Resources
  • Communication
  • Numeracy
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