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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Keep informed about current affairs related to a business sector or industry 
SAQA US ID UNIT STANDARD TITLE
114969  Keep informed about current affairs related to a business sector or industry 
ORIGINATOR
SGB Insurance and Investment 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 2  NQF Level 02  10 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard replaces: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
8095  Keep informed about current affairs related to financial services in general and insurance in particular  Level 2  NQF Level 02  10  Complete 

PURPOSE OF THE UNIT STANDARD 
This Unit Standard requires learners to make connections between a business sector/industry and current events that could impact on the industry. It provides then opportunity for learners to make connections between knowledge learnt in other Unit Standards and current events as they occur so that they begin to apply their knowledge of the industry in authentic situations. The focus is on knowledge, skills, values and attitudes in relation to the learner's own context and experience of the world of work. It is intended that this Unit Standard should be based on events as they happen and the Standard is not therefore ideal for the application of RPL. Its focus is not historical research after the event. Portfolio assessment over a period of at least six months is required.

The qualifying learner is capable of:
  • Identifying events in the physical environment that could potentially impact on a business/industry.
  • Identifying events in the social environment that could potentially impact on a business sector/industry.
  • Identifying events in the economic environment that could potentially impact on a business sector/industry.
  • Identifying people and organisations currently in the news. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    Learners should:
  • Hold a GETC or equivalent qualification; or
  • Be competent in Communication and Mathematical Literacy NQF Level 1. 

  • UNIT STANDARD RANGE 
    The typical scope of this Unit Standard is events in the physical, social and economic environments and other items of news that appear on television, radio newscasts or in a daily or weekly newspaper over a period of six months. Learners at Level 2 are not expected to engage with financial newspapers and journals.
  • Events in the physical environment include, but are not limited to, floods, earthquakes, drought and other natural disasters.
  • Events in the social environment include, but are not limited to, human disasters, epidemics, pandemics, crime, war and other people related disasters.
  • Events in the economic environment include, but are not limited to insolvencies, mergers, acquisitions, unemployment and retrenchments.
  • New developments could include developments in technology, science, medicine or research and development. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Identify events in physical environment that could potentially impact on a business sector/industry. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The term physical environment is explained and possible events related to the physical environment are listed in terms of their potential impact on a business sector/industry. 

    ASSESSMENT CRITERION 2 
    Information relating to current events in the physical environment is collected and organised and the ways in which a business sector/industry could be affected by such an event are named for the different sub-sectors of the industry. 

    SPECIFIC OUTCOME 2 
    Identify events in social environment that could potentially impact on a business sector/industry. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The term social environment is explained and possible events related to the social environment are listed in terms of their potential impact on a business sector/industry. 

    ASSESSMENT CRITERION 2 
    Information relating to current events in the social environment is collected and organised and a brief indication is given of how one such event could impact on a business sector/industry or a sub sector of the industry. 

    SPECIFIC OUTCOME 3 
    Identify events in economic environment that could potentially impact on a business sector/industry. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The term economic environment is explained and information relating to current events in the economic environment is collected and organised and a brief indication is given of how one such event could impact a business sector/industry or on one of the sub-sectors of the industry. 

    ASSESSMENT CRITERION 2 
    Two groups of people and kinds of work most likely to be affected are identified for each event. 

    SPECIFIC OUTCOME 4 
    Identify people and organisations currently in the news. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Achievements of people and companies from the chosen sector/industry currently in the news are identified and an opinion is expressed as to why they are newsworthy. 

    ASSESSMENT CRITERION 2 
    Problems in the chosen sector/industry and possible causes for the problems are identified with examples. 

    ASSESSMENT CRITERION 3 
    New developments that could impact on the chosen business sector/industry are discussed with examples. 

    ASSESSMENT CRITERION 4 
    Information is gathered about what ordinary people are saying about a specific business sector/industry or sub sector of the industry. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    This Unit Standard will be internally assessed by the provider and moderated by a moderator registered by a relevant accredited ETQA or an ETQA that has a Memorandum of Understanding with the relevant accredited ETQA. 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    N/A 

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    A learner is able to identify and provide possible causes and solutions to problems by identifying events in the environment that could impact on a business sector/industry. 

    UNIT STANDARD CCFO WORKING 
    A learner can work effectively with others as a member of a community when gathering information about the industry from the community. 

    UNIT STANDARD CCFO COLLECTING 
    A learner is able to collect and organise information to indicate how events in the physical, economic and social environments could impact on a business sector/industry or sub sector of an industry. 

    UNIT STANDARD CCFO COMMUNICATING 
    Learners can communicate effectively and responsibly in describing or presenting information from the news on events in the physical, economic and social environments that could impact on a business sector/industry. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Learners can demonstrate an understanding of the world as a set of related systems by recognising and identifying the impact that the different environments can have on a business sector/industry. 

    UNIT STANDARD CCFO CONTRIBUTING 
    A learner can explore educational and career opportunities in researching the business sector/industry and current events. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    This unit standard replaces unit standard 8095, "Keep informed about current affairs related to financial services in general and insurance in particular", Level 2, 10 credits. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  48783   National Certificate: Financial Services  Level 2  NQF Level 02  Reregistered  2023-06-30  INSETA 
    Elective  59016   National Certificate: Fish and Seafood Processing  Level 2  NQF Level 02  Reregistered  2023-06-30  FOODBEV 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    1. Faisit (Pty) Ltd 



    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.