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.

Occupational Certificate: Municipal Finance Manager 
118775  Occupational Certificate: Municipal Finance Manager 
Development Quality Partner-LG SETA 
-   OQSF - Occupational Qualifications Sub-framework 
Occupational Certificate  Field 03 - Business, Commerce and Management Studies  Finance, Economics and Accounting 
Undefined  721  Not Applicable  NQF Level 08  Regular-ELOAC 
Registered  EXCO 0522/24  2022-02-03  2025-12-31 
2026-12-31   2029-12-31  

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. 

The purpose of this qualification is to prepare a learner to function as a Municipal Finance Manager.
A Municipal Finance Manager leads, manages, implements, oversees, reports, and takes accountability and responsibility for the budget, financial and general matters of the Municipal Finance Management Act (MFMA) and supporting legislations thereof. A competent learner shall demonstrate among others the following attributes: honesty, punctuality, initiative, critical analysis, integrity, ethical, etc.

A qualified learner will be able to:
  • Develop financial management policies in accordance with applicable legislation.
  • Contribute towards good corporate governance and risk management.
  • Uphold the audit and assurance processes.
  • Analyse the municipal plans and provide strategic advice and direction on the allocation of the budget to planned service delivery priorities.
  • Lead and manage financial and performance reporting processes to support accountability.
  • Oversee the effective and efficient preparation and implementation of the municipality's annual budget.
  • Oversee the supply chain management process.


    The Municipal Finance Management Act (MFMA) requires the National Treasury (NT) to assist municipalities in building their capacity for efficient, effective, and transparent financial management. The municipal service delivery systems recognise the role played by competent workforce. This requires the Municipal Financial Managers to have the required competencies as prescribed in terms of the Constitution of South Africa and relevant local government and inter-governmental relations' legislation that will enable them to operate effectively and efficiently in a professional manner.
    The qualification seeks to provide Municipal Finance practitioners with a foundation for professional certification in municipal finance. To this end, the qualification systematically combines the knowledge, practical skills and workplace experience required in a professional certification process. The focus is on the development of institutional leadership capability premised on professional certification. The area of work practice and, therefore, the skills demand have been informed by the legislative mandate analysis.
    This qualification is aimed at developing Municipal Finance Managers who can provide strategic and operational leadership management in the municipal finance management cycle, including but not limited to: budgeting, planning, accounting, financial analysis, financial reporting, cash management, debt and liability management, supply chain management, financial management, and fiscal oversight within municipalities to improve financial management. The qualification is for learners who are holding financial, accounting and/ or economics related bachelor's degree, and are currently employed within various municipalities. Learners without a bachelor's degree in the above-mentioned fields shall be required to undertake the NQF level 6 certificate in the public finance to gain entry. 

    Recognition of Prior Learning (RPL):
  • Learners will gain access to the qualification through RPL for Access as provided for in the QCTO RPL Policy. RPL for access is conducted by accredited education institution, skills development provider or workplace accredited to offer that specific qualification/part qualification.
  • Learners who have acquired competencies of the modules of a qualification or part qualification will be credited for modules through RPL.

    RPL for access to the external integrated summative assessment

    Accredited providers and approved workplaces must apply the internal assessment criteria specified in the related curriculum document to establish and confirm prior learning. Accredited providers and workplaces must confirm prior learning by issuing a statement of result.

    Entry Requirements:
    The minimum entry requirement for this qualification is:
  • NQF Level 6 qualification in Economics/Accounting/Finance. 


    This qualification is made up of compulsory Knowledge, Practical Skill and Work Experience Modules:

    Knowledge Modules
  • 121101-001-00-KM-01 Municipal Budget Preparation and Implementation, Level 8, 15 Credits.
  • 121101-001-00-KM-02 Supply Chain Management, Level 8, 20 Credits.
  • 121101-001-00-KM-03 Municipal Financial Reporting and Analysis, Level 8, 18 Credits.
  • 121101-001-00-KM-04 Municipal Asset and Liability Management, 7 level, 12 Credits.
  • 121101-001-00-KM-05 Municipal Revenue and Expenditure Management, Level 8, 12 Credits.
  • 121101-001-00-KM-06 Corporate Governance and Risk Management, 7 Level, 12 Credits.
  • 121101-001-00-KM-07 Strategic Planning and Management, Level 8, 18 Credits.
  • 121101-001-00-KM-08 Cost Management and Capital Planning, level 8 , 16 Credits.
  • 121101-001-00-KM-09 Municipal Financial Information Systems, Level 8, 15 Credits.
  • 121101-001-00-KM-10 Audit Assurance and Investigations, Level 8, 16 Credits.
  • 121101-001-00-KM-11 Public Private Partnership in Municipal Service Delivery, Level 8 , 20 Credits.
  • 121101-001-00-KM-12 Municipal Financial Accounting, Level 7 , 18 Credits.
  • 121101-001-00-KM-13 Quantitative Economics, Level 7, 16 Credits.
  • 121101-001-00-KM-14 Applied Managerial Statistics, Level 7, 15 Credits.
  • 121101-001-00-KM-15 Public and Economic Policy Analysis, Level 8, 18 Credits.

    Total number of credits for Knowledge Modules: 241

    Practical Skill Modules
  • 121101-001-00-PM-01 Develop and Implement Financial Management Policies in Line with the relevant Regulatory Framework, Level 8, 20 Credits.
  • 121101-001-00-PM-02 Prepare and Implement Corporate Governance and Risk Management Initiatives, Level 8, 10 Credits.
  • 121101-001-00-PM-03 Maintain the Audit and Assurance Practices and Processes, Level 8, 20 Credits.
  • 121101-001-00-PM-04 Provide Strategic Advice and Direction on Resource Allocation and Service Delivery Implementation, Level 8, 22 Credits.
  • 121101-001-00-PM-05 Manage Financial and Non-Financial Performance Reporting Processes to Support Accountability, Level 8, 24 Credits.
  • 121101-001-00-PM-06 Design and Manage the Effective and Efficient Preparation of the Municipality's Annual Budget, Level 8, 20 Credits.
  • 121101-001-00-PM-07 Develop and Manage the Supply Chain and Asset Execution Strategies, Level 8, 20 Credits.
  • 121101-001-00-PM-08 Manage Practices in Respect of Municipal Revenue, Expenditure, Assets and Liabilities, Level 8, 14 Credits.

    Total number of credits for Practical Skill Modules: 150

    Work Experience Modules
  • 121101-001-00-WM-01 Drafting and Implementation of Financial Management Policies in line with the Relevant Regulatory Framework, Level 8, 45 Credits.
  • 121101-001-00-WM-02 Preparation and Implementation of Corporate Governance and Risk Management Initiatives, Level 8, 35 Credits.
  • 121101-001-00-WM-03 Maintenance of the Audit and Assurance Practices and Processes, Level 8, 40 Credits.
  • 121101-001-00-WM-04 Strategic Advice and Direction on Resource Allocation and Service Delivery Implementation, Level 8, 45 Credits.
  • 121101-001-00-WM-05 Management of Financial and Non-Financial Performance Reporting Processes to Support Accountability, Level 8, 50 Credits.
  • 121101-001-00-WM-06 Management of the Effective and Efficient Preparation, and Implementation of the Municipalities' Annual Budget, Level 8, 30 Credits.
  • 001121101-001-00-WM-07 Municipal Supply Chain and Asset Implementation Strategies, Level 7, 40 Credits.
  • 121101-001-00-WM-08 Practices Related to Municipal Revenue, Expenditure, Assets, and Liabilities, Level 8, 45 Credits.

    Total number of credits for Work Experience Modules: 330 

    1. Develop and implement financial management policies in line with the relevant regulatory framework.
    2. Prepare and implement corporate governance and risk management initiatives.
    3. Maintain best audit and assurance practices and processes.
    4. Provide strategic advice and direction on resource allocation and service delivery implementation.
    5. Manage financial and non-financial performance reporting processes to support accountability.
    6. Design, develop and manage the effective and efficient preparation of the annual budget of the municipality.
    7. Develop and manage the supply chain and asset implementation strategies.
    8. Manage appropriate practices in respect of municipal revenue, expenditure, assets and liabilities. 

    Associated Assessment Criteria for Exit Level Outcome 1:
  • Conceptualise financial policies in line with the relevant frameworks.
  • Oversee the implementation of financial management policies.
  • Communicate the relevant parts of the constitution to the team.

    Associated Assessment Criteria for Exit Level Outcome 2:
  • Coordinate and manage the implementation of initiatives to improve financial governance.
  • Design delegations of financial management authority to strengthen internal control systems, formulate the code of conduct and stipulate recommendations for managing financial misconduct.
  • Prepare fraud prevention measures and stipulate recommendations for implementation.
  • Update effect the risk register.

    Associated Assessment Criteria for Exit Level Outcome 3:
  • Manage the internal and external audit process.
  • Analyse Audit findings and develop financial management improvement plans.
  • Prepare and present Quarterly fiscal monitoring reports to the audit committee.

    Associated Assessment Criteria for Exit Level Outcome 4:
  • Coordinate, organise, communicate, fund and review proposals for the revision of the Integrated Development Plan (IDP).
  • Manage the implementation of service delivery plans.
  • Demonstrate leadership in reviewing the financial implications of IDP related decisions.

    Associated Assessment Criteria for Exit Level Outcome 5:
  • Compile the municipal performance management reports.
  • Prepare Municipal annual financial statements.
  • Prepare and present Municipal annual and in-year reports for fiscal and performance oversight.
  • Provide leadership and management of the financial reporting system.

    Associated Assessment Criteria for Exit Level Outcome 6:
  • Provide guidance for the preparation of the municipality's budget.
  • Communicate and stipulate recommendations for the implementation of the designed financial management system are effectively.
  • Plan and oversee the implementation of the municipality's budget.

    Associated Assessment Criteria for Exit Level Outcome 7:
  • Develop the Supply Chain Management strategy.
  • Effect and monitor the implementation of performance management and reporting.
  • Implement the oversights arrangements in respect of inventory management (asset management strategy).
  • Implement measures aimed at curtailing the abuse of the supply chain management system (internal controls) and stipulate recommendations.
  • Stipulate and renew the recommendations for contract management.

    Associated Assessment Criteria for Exit Level Outcome 8:
  • Prepare monthly, quarterly and mid-year reports.
  • Sustain the liquidity and solvency of the municipality.
  • Prepare debt and revenue management plans consistent with sustainable service and propose recommendations for implementation thereof.
  • Propose and implement measures to enhance credit control and revenue collection.
  • Establish a functional customer relationship management structure.
  • Safeguard Municipal assets against risks and account for liabilities accurately and effectively.

    Integrated Assessment:

    Integrated formative assessment

    The skills development provider will use the curriculum to guide them on the stipulated internal assessment criteria and weighting. They will also apply the scope of practical skills and applied knowledge as stipulated by the internal assessment criteria. This formative assessment together with work experience leads to entrance in the integrated external summative assessment.

    Integrated Summative Assessment

    An external integrated summative assessment, conducted through the relevant QCTO Assessment Quality Partner is required for the issuing of this qualification. The external integrated summative assessment will focus on the exit level outcomes and associated assessment criteria.

    The assessment will be conducted through written assessment and the evaluation of practical tasks at decentralised approved assessment sites by a panel of assessors evaluated by assessor(s) registered with the AQP within a period of one (1) day. 

    This occupational qualification has been compared with qualifications offered in countries such as the United Kingdom (UK) and United States of America (USA) due to their developmental state in public service delivery systems. A summary of the findings is provided in the sections below.

    United Kingdom (UK)
    In the UK, several qualifications leading to professional certification were identified. The Chartered Institute of Public Finance and Accountancy (CIPFA) offers professional certification programmes in public finance and accountancy. The contents of the programmes (certificate and diploma) were found to be comparable to the subject matter knowledge required under the municipal finance manager occupational qualification. These qualifications were found to compare favourably to the South African Municipal Finance Manager occupational certificate in terms of the competencies geared towards public sector service delivery. CIPFA Certificate in International Public Sector Accounting Standards (IPSAS) and CIPFA Diploma in IPSAS (Dip IPSAS) cover subject matter relevant to financial reporting and analysis.
    Competencies covered include among others:
  • Risk management, financial accounting, procurement, auditing, and assurance.

    For the entry requirements to the foresaid qualifications, learners should have obtained a junior degree from an accredited institution.

    United States of America (USA)
    In the USA and Canada respectively, the Government Finance Officers Associations (GFOA) have a certificate programme for Public Finance Officers. The subject matter covered in the professional examination administered over a seven (7) year period includes:
  • governmental accounting, auditing, and financial reporting.
  • operating and capital budgeting.
  • debt management.
  • treasury and investment management.
  • retirement and benefits, risk management, and procurement.

    The professional certification programme is open to first degree holders from recognised higher education institutions that are required to accept and observe the GFOA Code of Professional Ethics. Several higher education institutions are accredited by GFOA to provide tuition services to registered learners. From comparison referred to above, the following similarities were noted:
  • overall objective is to develop professional skills of a Public Finance Practitioner.
  • entry requirements are first degree from an accredited higher education institution.
  • subject matter covered (focus on public sector budgeting, accounting, procurement, risk management and assurance).
  • a minimum of three years' (3) work experience is required.
  • provision for part qualifications.
  • formal assessments are carried out in the award of a professional certificate.
  • mode of learning (e-learning, self-study and or contact learning).

    From comparison referred to above, the following differences were noted.
    Registration with a recognised professional body is not a specific requirement for learners pursuing the South African (SA) Municipal Finance Manager's occupational qualification. However, learners are required to complete the qualification in terms of Municipal Finance Management competency regulations offered by the National Government. The structure and design of the South African occupational qualification is as per the South African Municipal Finance Management context.

    Considering the differences regarding the context within which learners are expected to operate and competencies as well as the design of the South African Municipal Finance Manager's occupational qualification; it can be concluded that the South African Municipal Finance Manager occupational qualification favourably compares to the internationally reviewed qualifications. The SA Municipal Finance Manager occupation-specific qualification builds on existing legislative mandates analysed to determine skills gaps. 

    This qualification provides opportunities for horizontal and vertical articulation options.

    Horizontal Articulation:
  • Postgraduate Diploma in Public Finance Management, NQF Level 8.
  • Occupational Certificate: Tax Professional, NQF Level 8.

    Vertical Articulation:
  • Master of Commerce: Government Finance and Auditing, NQF Level 9. 

  • NOTES 
    Qualifying for External Assessment:
    To qualify for an external assessment, learners must provide proof of completion of all required modules by means of a statement of results and statement of work experience as well as proof of successful completion of the following subjects and modules or alternative programmes where applicable.

    Additional Legal or Physical Entry Requirements:

    Criteria for the accreditation of providers

    Accreditation of providers will be done against the criteria as reflected in the relevant curriculum on the QCTO website.

    The curriculum title and code is: Occupational Certificate Municipal Finance Manager: 121101-001-00-00.

    Encompassed Trade:
    This qualification encompasses the following trades as recorded on the NLRD:

    This is not a trade qualification.

    Assessment Quality Partner (AQP)

  • None 


    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.

    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.