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: 

Diploma in Banking 
SAQA QUAL ID QUALIFICATION TITLE
90909  Diploma in Banking 
ORIGINATOR
Milpark Education (Pty) Ltd 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY NQF SUB-FRAMEWORK
CHE - Council on Higher Education  HEQSF - Higher Education Qualifications Sub-framework 
QUALIFICATION TYPE FIELD SUBFIELD
Diploma (Min 360)  Field 03 - Business, Commerce and Management Studies  Finance, Economics and Accounting 
ABET BAND MINIMUM CREDITS PRE-2009 NQF LEVEL NQF LEVEL QUAL CLASS
Undefined  360  Not Applicable  NQF Level 06  Regular-Provider-ELOAC 
REGISTRATION STATUS SAQA DECISION NUMBER REGISTRATION START DATE REGISTRATION END DATE
Registered-data under construction  EXCO 0324/24  2024-07-01  2027-06-30 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2028-06-30   2033-06-30  

Registered-data under construction

The qualification content is currently being updated for the qualifications with the status “Registered-data under construction” or showing “DETAILS UNDER CONSTRUCTION” to ensure compliance with SAQA’S Policy and Criteria for the registration of qualifications and part-qualifications on the National Qualifications Framework (NQF) (As amended, 2022). These qualifications are re-registered until 30 June 2027 and can legitimately be offered by the institutions to which they are registered.

 

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.  

PURPOSE AND RATIONALE OF THE QUALIFICATION 
Purpose:
This qualification is an entry-level Higher Education qualification designed to equip learners with the knowledge and skills to operate successfully and professionally in the banking environment.

The qualification would be suitable for school-leavers and also employed persons wishing to enhance, develop or formalise their skills and knowledge with a qualification in this industry. The qualification is designed to produce persons able to work in varied functions in the banking industry.

In line with the requirements of the Higher Education Qualifications Sub-Framework, (HEQSF), the qualification is "primarily vocational or industry oriented" and provides a sound basis for diplomates wishing to proceed with further studies. The qualification will thus provide a "basic level of higher education knowledge" and ensure that the qualifying learner is able to "apply such knowledge and competence in an occupation or role in the workplace" (HEQSF).

The qualifying learner will:
  • Demonstrate an understanding of general banking concepts at an introductory and intermediate level.
  • Demonstrate an understanding of the basic principles of law in a banking environment as well as financial legislative requirements.
  • Demonstrate knowledge and insight into ethics and risk management within the financial services industry.
  • Apply knowledge and skill to operate successfully and professionally in a selected field within the banking sector.

    Rationale:
    This qualification will appeal to learners who seek employment or who are employed in the banking industry in various fields. With this qualification a learner will be able to acquire a solid foundation to operate in a specialised field in the banking services environment, namely sales or credit management or an introduction into corporate banking.

    When designing this qualification, interviews were conducted with employers in the banking field in order to ensure that the needs of all stakeholders were taken into consideration. General research around growth strategies of banks and the skills they are looking for was also done. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    Recognition of Prior Learning (RPL):
    Learners can achieve this qualification through RPL; the institution's RPL policy guides this process. Skills, knowledge and experience in respect of competencies acquired through informal and non-formal learning are also assessed in the RPL process. The learner can then be given access to the qualification and can acquire credits for the applicable modules.

    Entry Requirements:
    Access to this qualification is granted to applicants who meet the minimum entrance requirements or the alternative routes of entry. Applicants who are in possession of:
  • A National Senior Certificate (NSC) granting access to Diploma studies.
  • A National Certificate (Vocational), NQF Level 4 granting access to Diploma studies.
  • A Higher Certificate: Banking Services.
  • An Advanced Certificate: Banking Services.
    Learners who have attained the age of 23, have work experience and are competent in English can access the qualification. 
    		•

    RECOGNISE PREVIOUS LEARNING? 
    Y 

    QUALIFICATION RULES 
    This qualification comprises three streams, each with modules at NQF Levels 5, 6 and 7. One stream is to be selected in totality and all the modules required within that stream must be completed in order to be awarded the qualification. A minimum of 360 or a maximum of 370 credits may be awarded - dependant on the stream and selection of optional modules within the stream.

    The three streams are:
  • Corporate Banking.
  • Sales Management.
  • Credit Management.

    Corporate Banking: 360 Credits:

    Compulsory Modules at NQF Level 5:
  • Banking 1A, 20 Credits.
  • Banking 1B, 20 Credits.
  • Accounting 1A, 20 Credits.
  • Economics 1A, 20 Credits.
  • Business Management 1 A, 20 Credits.

    Total: 100 Credits.

    Optional Modules at NQF Level 5:
  • Credit 1, 20 Credits.
    Or
  • Introduction into Micro-Finance, 20 Credits.

    Total: 20 Credits.

    Compulsory Modules at NQF Level 6:
  • Banking 2A, 20 Credits.
  • Banking and Business Law, 20 Credits.
  • Banking 2B, 20 Credits.
  • Introduction to Ethics and Risk Management, 20 Credits.
  • Accounting 1B, 20 Credits.
  • Economics 1B, 15 Credits.
  • Financial Management 1, 15 Credits.

    Total: 130 Credits.

    Optional Modules at NQF Level 6:
  • Economics 2A, 15 Credits.
    Or
  • Taxation, 15 Credits.
    And
  • Business and Entrepreneurship, 20 Credits.
    Or
  • Credit 2A, 20 Credits.
    And
  • Business Management 2A, 15 Credits.
    Or
  • Marketing Management, 15 Credits.

    Total: 50 Credits.

    Compulsory Modules at NQF Level 7:
  • Banking 3A, 20 Credits.
  • Banking 3B, 20 Credits.
  • Banking 3C, 20 Credits.

    Total: 60 Credits.

    Sales Management: 360/366 Credits.

    Compulsory Modules at NQF Level 5:
  • Banking 1A, 20 Credits.
  • Business Management 1, 20 Credits.
  • Banking 1B, 20 Credits.
  • Sales 1A, 20 Credits.
  • Sales 1B, 20 Credits.

    Total: 100 Credits.

    Optional Modules at NQF Level 5:
  • Economics 1A, 20 Credits.
    Or
  • Banking Advice, 20 Credits.

    Total: 20 Credits.

    Compulsory Modules at NQF Level 6
  • Banking 2A, 20 Credits.
  • Business Management 2B, 15 Credits.
  • Banking and Business Law, 20 Credits.
  • Finance for Non-Financial Managers, 20 Credits.
  • Sales 2A, 20 Credits.
  • Banking 2B, 20 Credits.
  • Introduction to Ethics and Risk Management, 20 Credits.
  • Sales 2B, 20 Credits.

    Total: 155 Credits.

    Optional Modules at NQF Level 6:
  • Business and Entrepreneurship, 20 Credits.
    Or
  • Economics 1B, 15 Credits.
    And
  • Business Management 2A, 15 Credits.

    Total: 20/30 Credits.

    Compulsory Modules at NQF Level 7:
  • Banking 3A, 20 Credits.
  • Sales and Marketing Strategy, 25 Credits.

    Total: 45 Credits.

    Optional Modules at NQF Level 7
  • Banking 3B, 20 Credits.
    Or
  • Business Management 3A, 16 Credits.

    Total: 20/16 Credits.

    Credit Management 365/370 Credits:

    Compulsory Modules at NQF Level 5:
  • Banking 1A, 20 Credits.
  • Banking 1B, 20 Credits.
  • Accounting 1A, 20 Credits.
  • Economics 1A, 20 Credits.
  • Credit 1, 20 Credits.
  • Introduction into Micro-Finance, 20 Credits.

    Total: 120 Credits.

    Compulsory Modules at NQF Level 6:
  • Banking 2A, 20 credits
  • Accounting 1B, 20 credits
  • Banking and Business Law, 20 credits
  • Credit 2A, 20 credits
  • Credit 2B, 20 Credits.
  • Banking 2B, 20 Credits.
  • Introduction to Ethics and Risk Management, 20 Credits.
  • Accounting 2, 15 Credits.
  • Financial Management 1, 15 Credits.

    Total: 170 Credits.

    Optional Modules at NQF Level 6
  • Economics 1B, 15 Credits.
    Or
  • Business and Entrepreneurship, 20 Credits.

    Total: 15/20 Credits.

    Compulsory Modules at NQF Level 7:
  • Banking 3A, 20 Credits.
  • Financial Management 2, 20 Credits.
  • Banking 3B, 20 Credits.

    Total: 60 Credits. 
    		•

    EXIT LEVEL OUTCOMES 
    1. Demonstrate an understanding of the basic principles of law in a banking environment as well as financial legislative requirements.
    2. Demonstrate an understanding of general banking concepts at an introductory, intermediate and advanced level.
    3. Demonstrate knowledge and insight into ethics and risk management within the financial services industry.
    4. Apply knowledge and skill to operate successfully and professionally in a selected field within the banking services sector.


    Critical Cross Field Outcomes:
    Qualifying learners will be required to demonstrate competence in the following Critical Cross-Field Outcomes:
  • Identify, systematically examine, critically evaluates and solves problems in which responses display that responsible decisions have been made, using critical and creative thinking.
  • Organise and manage oneself and one's activities responsibly and effectively.
  • Collect, analyse, organises and critically evaluates information.
  • Demonstrate an understanding of the world as a set of related systems by recognising that problem solving contexts do not exist in isolation.
  • Self-manage skills development from the range of experiences and learning opportunities available.
  • Transfer skills and continuous learning to organisational setting. 
    		•

    ASSOCIATED ASSESSMENT CRITERIA 
    Associated Assessment Criteria for Exit Level Outcome 1:
  • Relevant business and banking related legislation is identified and applied in order to make compliant decisions in the work environment.
  • Own operations are managed within the parameters set by compliance and legislation in the financial services sector.

    Associated Assessment Criteria for Exit Level Outcome 2:
  • Applicable banking products and services are promoted to the client in a typical case scenario.
  • The purpose of and the relationship between different role players and influencing factors in the financial system are explained.
  • Knowledge of the different tasks to be performed when managing a banking organisation is demonstrated.
  • Selected special aspects of financial markets are described and applicable calculations are performed.

    Associated Assessment Criteria for Exit Level Outcome 3:
  • Knowledge of the ethical debates in the financial services industry and of the appropriate behaviour related thereto is displayed.
  • Knowledge of risk management in a financial services organisation and how to operate efficiently in relation thereto is demonstrated.

    Associated Assessment Criteria for Exit Level Outcome 4:
  • Specialised knowledge of a particular field in banking services is applied on a senior level to solve problems, find solutions, select products and provide service to clients.
  • Knowledge of the role that a particular field in banking services plays in the bigger context of the organisation is displayed.

    Integrated Assessment:
    The quality of the assessment is vital in order to provide credible certification and recognition of achievement. The institution makes every effort to ensure credibility in assessment through the application of clear and rigorous procedures and practices. These procedures and practices are controlled by the principles of fairness, validity, reliability and practicability. By implementing these principles, all parties concerned (including learners, employers and learning institutions) may be assured of the credibility of the assessment process. It is in this way that accurate information about the learner's performance against the assessment criteria may be provided.

    Integrated Assessment is used extensively across the qualification, particularly in the case studies. Formative assessment takes place through case studies, assignments, including the writing of proposals and financial plans. Summative assessments are integrated into the learning in that they take place at the end of each of the constituent modules of the qualification. 
    		•

    INTERNATIONAL COMPARABILITY 
    The Faculty of Business Management of the Universiti Teknologi Mara in Malaysia is the largest business faculty in Malaysia with over 20,000 learners and about 60,000 alumni. It is aligned to various partner universities in the United Kingdom such as the University of East London. It offers a Diploma in Bank Management, which was started in July 1967 already and is designed to develop and train learners in the area of banking management and finance.

    The qualification also prepares learners for the Bachelor qualification in the field of finance, banking and investment. This 3 year qualification of 6 semesters covers a wide range of modules. It includes the study of banking management, finance, accounting, economics, marketing, management, mathematics and statistics, language and communication, information technology and legal foundations. This wide range of modules provides learners with the basis needed in addressing the challenges in the banking industry.

    The module outline is as follows:
    Year One and Year Two:
    (Semester 1 to Semester 4):
    The first two years provide a foundation to various business related disciplines. Learners are introduced to several foundation modules, which comprise:
  • Three fundamental business modules: Management, Marketing and Finance.
  • Three economics modules: Microeconomics, Macroeconomics and Malaysian economics.
  • Two accounting modules: Financial Accounting and Cost Accounting.
  • Two quantitative modules: Business Mathematics and Introduction to Statistics.
  • One legal module: Business Law.

    Learners are also required to equip themselves with other knowledge and skills to further enhance their quality. These include taking modules in:
  • Computer and Information Processing.
  • Business Communication.
  • English and another foreign language.
  • Islamic Studies.
  • Co-curricular activities.

    Year Three:
    (Semester 5 and Semester 6):
    In the final year, modules related to banking management and finance are introduced to the learners. These include Banking Operations, Financial Analysis, Lending Assessment and Management, Finance Legal Aspects and Ethics, Finance of International Trade and Specialised Financial Services. Other than these modules, learners are also given the flexibility of selecting another 2 modules from two optional groupings.

    The first optional grouping has a choice between Investment Management, Islamic Banking I, Asas Ekonomi Islam or Pemikiran and Tamadun Islam. For the second optional grouping, learners can choose Treasury, Organisational Behaviour, Islamic Banking II or Perniagaan Islam. Other than taking these core modules, learners will continue to take three compulsory business related modules: Human Resource Management, Information Technology in Business and Business Development.

    Conclusion:
    The qualification described above is also a three year Diploma at the same educational level and has similar theoretical content. 
    		•

    ARTICULATION OPTIONS 
    The qualification can articulate horizontally with the following qualifications at NQF Level 6 offered by public and private institutions:
  • Diploma: Banking.
  • Diploma: Credit Management.
  • Diploma: Business Management.
  • Diploma: Financial Management.

    The qualification can articulate vertically with a variety of qualifications at NQF Level 7 offered at public and private institutions:
  • Bachelor of Technology: Credit Management.
  • Bachelor of Commerce: Business Management.
  • Bachelor of Commerce: Financial Management.
  • Bachelor of Business Management. 
    		•

    MODERATION OPTIONS 
    N/A 

    CRITERIA FOR THE REGISTRATION OF ASSESSORS 
    N/A 

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

    NOTES 
    N/A 

    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.
     
    1. Milpark Education (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.