The purpose of theNew Venture Creation Level 2qualification is to provide a qualification for potential and existingentrepreneurto capitalize on opportunities to start and grow sustainablebusinessesthat 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 their own ventures.
The future of the economy of South Africa rests not just in the formal market, but also in the informal SMME field. This is an increasing part of the economy of South Africa and needs tremendous attention from a developmental perspective. The small business market is growing and, in view of this, diverse players have taken the initiative to include mentoring services to support aspiring businesses become a more important part of the mainstream economy, representing both the public and private sectors. It also allows for economic growth, in addition to the formative development that will take place through these programmes.