SAQA

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.

SOUTH AFRICAN QUALIFICATIONS AUTHORITY

REGISTERED QUALIFICATION THAT HAS PASSED THE END DATE:

National Certificate: Transport Economics

SAQA QUAL ID	QUALIFICATION TITLE
1029	National Certificate: Transport Economics
ORIGINATOR
Committee of Technikon Principals
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY			NQF SUB-FRAMEWORK
CHE - Council on Higher Education			HEQSF - Higher Education Qualifications Sub-framework
QUALIFICATION TYPE	FIELD		SUBFIELD
National Certificate	Field 11 - Services		Transport, Operations and Logistics
ABET BAND	MINIMUM CREDITS	PRE-2009 NQF LEVEL	NQF LEVEL	QUAL CLASS
Undefined	120	Level 5	Level TBA: Pre-2009 was L5	Regular-Provider-ELOAC
REGISTRATION STATUS		SAQA DECISION NUMBER	REGISTRATION START DATE	REGISTRATION END DATE
Passed the End Date - Status was "Registered"		SAQA 9900/00	2003-07-01	2006-06-30
LAST DATE FOR ENROLMENT		LAST DATE FOR ACHIEVEMENT
2007-06-30		2010-06-30

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 qualification does not replace any other qualification and is not replaced by any other qualification.

PURPOSE AND RATIONALE OF THE QUALIFICATION

To provide the qualifying learner with elementary economic, financial and numeric skills to analyse the economic environment.

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING

FET - Certificate at level 4 or equivalent.

Recognition of prior learning:

The qualification will be awarded to a learner who has provided evidence that the stated competence of the qualification has been achieved through experience that complies with the stated specified outcomes.

RECOGNISE PREVIOUS LEARNING?

QUALIFICATION RULES

The qualification will be awarded to a learner who has provided evidence to the satisfaction of the assessors that the stated competence of the qualification, as detailed in the specified outcomes, has been achieved, either through education and training in a single provider's learning programme, or through experience that complies with the stated specified outcomes

EXIT LEVEL OUTCOMES

1. Explain the broad economic environment and the role of all sectors.

2. To use decision making models as part of management decisions.

3. To apply quantitative techniques in business decisions.

4. To classify, record and apply transactions according to basic accounting principles.

5. To create, maintain and enhance a culture of entrepreneurship.

Specific outcomes:

1.

To explain the scope of economics and its relationship with other sciences (F, C)

To describe the basic macroeconomic entities in the economy (F, C)

To describe and analyse the basic price theory (F, C)

To be familiar with current economic issues (F, C)

2.

Describe and analyse the current economic problems in South Africa(F, C)

To apply general management principles in the economic and financial environment (F, C)

3.

Collect and organise data (c)

Calculate and select the most optimal probability to make decisions (C)

Determine the regression equation that fits data best (C)

4.

Prepare source documents for data capturing (F, C)

Use sorted documents for data capturing (F, C)

Balance accounts to compile a trail balance (F, C)

Reconcile bank and other control accounts (F, C)

Prepare financial statements for sole proprietors, partnerships and clubs (F, C)

5.

To demonstrate an ability to describe the basic business and economic principles as well as justifying the relationship between them (C).

To understand the different economic systems and indicate how they relate to the business enterprise as a need satisfying institution (C).

To demonstrate an understanding between an enterprise and an establishment and indicate how they relate (C).

To demonstrate an understanding of the business environment and indicate how such environment influences the ability of the business enterprise to meet its objectives (C).

To demonstrate an understanding of the different functions of management (C)

To demonstrate an understanding of the objectives of the different management functions (C).

To demonstrate and justify the interrelationships between the different functions of management (c)

To demonstrate an understanding of the applicability of the different functions of management at all levels of management.

To demonstrate an ability to create a culture of entrepreneurship (C).

To demonstrate the ability to apply the principles of entrepreneurship in practice (C).

Justify the application of the principles of entrepreneurship (C).

Demonstrate an ability to justify the viability of business ideas (C).

Critical outcomes:

Identify and solve problems pertaining to the economic environment
Work effectively with other team members to ensure that sound economic and accounting principles are applied.
Organise and manage oneself by means of effective time management to ensure that task deadlines are reached.
Collect, analyse, organise and critically evaluate economic and accounting data
To use the latest technology effectively in executing economic and accounting tasks.

ASSOCIATED ASSESSMENT CRITERIA

Explain the nature of scope of economics and its relationship with other social sciences.

Describe the working of the economy and identify the inter-relationship between the various role-players.

Calculate national identities.

Explain the purpose of national figures.

Explain the role of money and financial institutions in the economy.

Describe why countries participate in international trade.

Compile and interpret balance of payments.

Describe the role of the public sector in the economy.

Discuss the working of the market mechanism

Calculate consumer equilibrium using the various methods

Do basic cost and production calculations

Distinguish between the various market forms

Define and explain the causes of inflation

Indicate the consequences of inflation on the various sectors of the economy

Distinguish between the various measures to combat inflation

Distinguish between the various types of inflation

Calculate current inflation rates using price indexes

Describe the nature of unemployment and the role of trade union in South Africa

Explain the role of the business cycle in the economy

2.

Analyse the current economic growth and development SA

Describe and analyse the various growth strategies

Explain the importance of community development

Analyse and describe the housing and urbanisation problem facing South Africa

Explain the most recent development pertaining to land allocation

Indicate why environmental issues are important when considering economic development

Identify and describe the functions of an entrepreneur

Calculate productivity and explain why it fulfils an important role in the economic environment

Describe the various techniques in decision making methods

Distinguish between and apply the various techniques when evaluating alternative options.

Identify and apply the evaluation criteria appropriate at each technique.

Discuss the various evaluation criteria

Distinguish and describe the specific decision making models

3.

Apply principles in collecting data

Do basic calculations

Construct and interpret graphs and charts

Define different types of probability

Apply the rules of probabilities

Know the basic properties of probabilities

Explain the concept of regression analysis

Determine a linear regression graph

Interpret a linear equation to predict values

Use a linear equation to predict values

4.

To record that source documents are correctly prepared for data capturing

To assess that sorted documents are correctly recorded in the relevant books of prime entry

To assess that the trial balance is correctly balanced.

To assess that bank and other control accounts are correctly reconciled.

To assess that financial statements are correctly prepared.

5.

Define and explain the concept, business management

Define and explain the economic and business principles in the context of a given case study.

Explain and justify the interrelationship between economic and business principles in the context of a particular case study.

Identify and explain the different economic systems in the context of a given case study.

Explain the concept of needs in the context of a given case study.

Discuss the influence of the different economic systems on the ability of a business enterprise to satisfy needs in the context of a given case study.

Identify and discuss the components of the business enterprise in the context of a given case study.

Identify and link the different industry sectors to a business enterprise in the context of a given case study

Identify and discuss the different forms of business enterprise in the context of a given case study

Identify and explain an enterprise in the context of a given case study.

Identify and explain an establishment in the context of a given case study.

Identify and explain the relationship between an enterprise and an establishment in the context of a given case study.

Explain and justify the factors which influence the choice of establishment for a business enterprise in the context of a given case study.

Identify and explain the difference between a manufacturing enterprise and a trade enterprise in the context of a simulated or real life situation.

Define and explain the concept, business environment.

Identify and explain the different business environments in the context of a given case study.

Explain and justify the influence of the business environments on the ability of the business enterprise to attain its goals and objectives.

Identify and explain the components of the different business environments in the context of a given case study.

Identify and explain the objectives of the different management functions in the context of a given case study.

Explain and justify the interrelationships between and among the different functions of management in the context of a given case study.

Identify and explain the different levels of management within an organisation in the context of a given case study.

Explain and justify the applicability of the different management functions at different management levels within the context of a given case study.

Define and explain the concept of entrepreneurship in the context of a given case study.

Explain and justify the influence of economic and business principles on the concept entrepreneurship in the context of a given case study.

Define and explain the concept of entrepreneurship in a given case study.

Apply and justify the principles of entrepreneurship within the context of a given case study.

Identify and justify the opportunities and entrance possibilities for the small enterprise within a given simulated or real life situation.

Differentiate a small business from a large enterprise based on a given case study.

Identify and justify a business idea in the bases of given information.

Draw a business plan on the basis of a given data base.

Justify a business idea's relationship to the economic and business principles on the basis of given information.

Integrated assessment:

Written exam
Project/class tests/assignments
Case studies
Practical evaluation

ARTICULATION OPTIONS

Articulate with the National Higher Certificate (Diploma) in Transport Economics
Qualification can further lead to areas of specialisation and entry requirements to:

Applied Natural Science

Accounting

Business Management

Other tertiary institutions offering similar commercial qualifications

Esselenpark training college

MODERATION OPTIONS

Industry as represented on Advisory Committee
Labour as represented on Advisory Committee
Government institutions as represented on Advisory Committee
Students (present and alumni)
Road Transport Industry Training Board
Road Freight Association (RFA)
South African Bus Operators Association (SABOA)
Financing institutions (Stannic, Bankfin)

CRITERIA FOR THE REGISTRATION OF ASSESSORS

Qualifications: Transport-related qualifications.

Experience: Five years experience in a transport-related field.

NOTES

While South Africa still had Technikons, all of their qualifications were registered under the Committee of Technikon Principals. After the Technikons became Universities of Technology or merged with Universities, the qualifications were registered under each of these institutions, and the CTP qualifications fell away (hence the end date of 2006, above). Where relevant, replacement information is
shown in the table above.

LEARNING PROGRAMMES RECORDED AGAINST THIS QUALIFICATION:

NONE

PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS QUALIFICATION:

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.

NONE