FET Certificate: New Venture Creation Learnership (SAQA 66249, NQF Level 4). Learn business, leadership, and entrepreneurship skills.

FET CERTIFICATE: NEW VENTURE CREATION Learnership

UPDATED: 22 FEBRUARY 2026 – SAQA ID: 66249 | NQF Level: 4 | Duration: 12 Months | Credits: 154

Quick Overview

The New Venture Creation NQF Level 4 Learnership is a funded programme designed to help unemployed South Africans start and manage their own businesses.

It combines:

• 📘 Entrepreneurship theory
• 💼 Practical business skills
• 💰 Financial management training
• 📝 Business planning support

---

📌 Who Should Apply?

This learnership is ideal if you:

• Want to start your own business
• Have a business idea but lack formal training
• Are unemployed and seeking funding opportunities
• Have Grade 12 or equivalent qualification

Starting and growing a business in South Africa is one of the most powerful ways to create jobs, fight poverty, and build strong communities. The FET CERTIFICATE: NEW VENTURE CREATION Learnership is designed for people who want to become entrepreneurs, small business owners, or community project leaders. This nationally recognised qualification equips learners with practical business skills, leadership ability, and the confidence to turn ideas into successful ventures.

---

What Is the FET Certificate: New Venture Creation?

The FET CERTIFICATE: NEW VENTURE CREATION is a registered South African qualification:

• SAQA ID: 66249
• NQF Level: 4
• Duration: 12 months
• Total Credits: 154
• Accrediting SETA: Services Sector Education & Training Authority (Services SETA)
• Minimum Contact Sessions: 89 days (includes remediation and Portfolio of Evidence building)

This qualification prepares learners to start, manage, and grow small to medium business ventures. It also focuses on the personal and social challenges that often stop people from succeeding in business, such as lack of confidence, limited planning skills, and poor financial understanding.

---

Purpose of the New Venture Creation Learnership

The main goal of the NEW VENTURE CREATION Learnership is to develop people who can:

• Identify business opportunities
• Start and manage small businesses
• Understand basic economics and markets
• Use leadership and management skills
• Overcome social and psychological barriers to success

It is not just about business theory. It is about real-life skills that help you survive and grow in the business world.

---

Entry Requirements

To apply for the FET CERTIFICATE: NEW VENTURE CREATION Learnership, you must meet the following minimum requirements:

• Grade 12 (Matric)
• Communication at NQF Level 3
• Mathematical Literacy at NQF Level 3
• Computer Literacy at NQF Level 3

These requirements ensure that learners can read, write, calculate, and use computers well enough to succeed in business training.

---

Structure of the Qualification

The qualification follows SAQA regulations and consists of:

1. Fundamental Unit Standards – 56 Credits (Compulsory)
   These focus on communication, mathematics, and basic learning skills.
2. Core Unit Standards – 82 Credits (Compulsory)
   These cover business planning, management, finance, marketing, leadership, and operations.
3. Elective Unit Standards – Minimum 11 Credits
   Learners choose electives based on their business interests or workplace exposure.

The minimum total is 149 credits, but the full qualification offers up to 154 credits.

---

What You Will Learn

By completing the NEW VENTURE CREATION Learnership, you will be able to:

• Identify and create a new business venture
• Develop strong interpersonal and communication skills
• Understand basic economics in a market economy
• Apply business principles to manage a venture
• Use leadership and management skills effectively

You will also learn how to:

• Write business plans
• Manage money and budgets
• Market products and services
• Deal with customers and suppliers
• Solve business problems

---

Target Market and Career Paths

This qualification is suitable for people who want to work as:

• Community Development Workers
• Project Coordinators
• Supervisors
• Managers
• Entrepreneurs
• Small Business Owners

It is ideal for:

• Youth who want to start businesses
• Unemployed individuals who want self-employment
• People already running small businesses
• Community leaders and project managers

---

Learning and Workplace Requirements

Hardware and Software

Learners need access to:

• Computer, monitor, keyboard, mouse, printer
• Windows 7 Operating System
• MS Office 2010
• Printer driver (if needed)

Workplace Exposure

Learners must be exposed to all outcomes related to this qualification. This means they must experience real business or project environments where they can practice what they learn.

---

Mentor Requirements

Each learner must have a mentor who:

• Has at least 5 years’ experience
• Works as an entrepreneur, business owner, or in a similar environment

The mentor supports learners, guides them in the workplace, and helps them apply theory in real situations.

---

Assessment and Certification

Final Integrated Summative Assessment (FISA)

To complete the learnership successfully, learners must pass the Final Integrated Summative Assessment (FISA). This assessment tests:

• Practical business skills
• Business knowledge
• Workplace application

Recognition of Prior Learning (RPL)

RPL is available. This means people with previous experience can get credit for what they already know.

Credit Accumulation Transfer (CAT)

• CAT applies to SAQA ID 66249
• Only approved learners qualify
• Approved learners have fewer contact days
• Learners who do not qualify must complete Communication and Mathematics clusters

---

Benefits of the New Venture Creation Learnership

Completing this learnership gives you:

• A nationally recognised qualification
• Skills to start your own business
• Better job opportunities
• Entrepreneurial confidence
• Financial and management knowledge
• Leadership development

It also helps communities by creating more small businesses and jobs.

---

Why This Qualification Matters in South Africa

South Africa faces high unemployment, especially among young people. The FET CERTIFICATE: NEW VENTURE CREATION Learnership supports:

• Self-employment
• Small business growth
• Community development
• Economic inclusion

Instead of waiting for jobs, learners are trained to create opportunities for themselves and others.

---

How to Apply for the New Venture Creation Learnership

General Application Steps

1. Visit https://impactful.co.za/
2. Look for learnership or skills programme section
3. Search for NEW VENTURE CREATION Learnership
4. Complete the online application form
5. Upload required documents (ID, Matric certificate, CV, proof of address if required)
6. Submit and wait for feedback

Always make sure your information is correct and honest.

---

Tips for a Successful Application

• Use a clear and simple CV
• Highlight any business, sales, or leadership experience
• Include volunteering or community work
• Make sure documents are readable
• Use a professional email address

---

Related articles listed by Careersfocus

• plant-production-learnership-national-certificate-nqf-3
• pgce-at-mancosa-explained
• business-administration-services-learnership
• service-seta-subsectors-for-2026

---

Frequently Asked Questions

Is this qualification recognised?

Yes. It is registered under SAQA ID 66249 and accredited by the Services SETA.

Can I start a business while studying?

Yes. In fact, you are encouraged to apply what you learn in real life.

Is RPL available?

Yes. Recognition of Prior Learning is available for experienced individuals.

Do I need a computer?

Yes. You need access to a computer and basic software to complete tasks.

How long is the learnership?

It runs for 12 months.

---

Careersfocus Disclaimer

Disclaimer:
Careersfocus provides career information, learnership updates, and educational guidance for informational purposes only. We are not a training provider, SETA, or recruitment agency. We do not guarantee placement, acceptance, or funding. All applicants must verify details directly with official providers and application platforms such as impactful, Careersfocus is not responsible for changes, errors, or decisions made by third-party organisations.

---

Final Thoughts

The FET CERTIFICATE: NEW VENTURE CREATION Learnership is more than just a course. It is a pathway to independence, leadership, and economic participation. Whether you want to run a small business, manage community projects, or become a future entrepreneur, this qualification gives you the tools to succeed.

If you are serious about your future, passionate about business, and ready to learn, then the NEW VENTURE CREATION Learnership could be the opportunity that changes your life.