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 UNIT STANDARD THAT HAS PASSED THE END DATE: 

Demonstrate and apply knowledge and understanding of the various sources of funding available for local economic development in the South African context 
SAQA US ID UNIT STANDARD TITLE
110515  Demonstrate and apply knowledge and understanding of the various sources of funding available for local economic development in the South African context 
ORIGINATOR
SGB Economics 
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 5  Level TBA: Pre-2009 was L5  8 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 		 2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2026-06-30   2029-06-30  

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 does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is intended for people who are, or seek to be, active in the local economic development context in South Africa.

It provides the learner with a knowledge and understanding of the sources of funding for local economic development in South Africa.

People credited with this Unit Standard are able to:
  • Compile a list of and describe the sources of funding available for local economic development in the South African context
  • Explain the advantages and disadvantages of the various sources of funding for local economic development in the South African context
  • Specify a range of local economic development projects and the best suited source(s) of funding for each 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that the learner is competent in Communication at NQF Level 4. 

    UNIT STANDARD RANGE 
    Funding options include: DBSA, DOL, DPLG, donors, own resources, private investments, banks. 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Compile a list of and describe the sources of funding available for local economic development. 
    OUTCOME NOTES 
    Compile a list of and describe the sources of funding available for local economic development in the South African context. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. A variety of traditional and non-traditional sources of funding are listed for local economic development in South Africa. 

    ASSESSMENT CRITERION 2 
    2. Each source of funding is described and the distinguishing characteristics of each are given by referring to examples from the local economic development environment in South Africa. 

    ASSESSMENT CRITERION 3 
    3. A list of minimum criteria against which to measure the sources of funding and funders is compiled in terms of ensuring that the decision-making process is applied consistently. 

    SPECIFIC OUTCOME 2 
    Explain the advantages and disadvantages of the various sources of funding. 
    OUTCOME NOTES 
    Explain the advantages and disadvantages of the various sources of funding for local economic development in the South African context. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Each source of funding is discussed in terms of its specific advantages in the South African context. 

    ASSESSMENT CRITERION 2 
    2. Each source of funding is discussed in terms of its specific disadvantages in the South African context. 

    ASSESSMENT CRITERION 3 
    3. Each source of funding is discussed in terms of its applicability to one or more of the institutional arrangements for local economic development. 

    SPECIFIC OUTCOME 3 
    Specify a range of local economic development projects and the best suited source(s). 
    OUTCOME NOTES 
    Specify a range of local economic development projects and the best suited source(s) of funding for each. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. A range of local economic development projects is listed and described in terms of specific funding requirements per project. 

    ASSESSMENT CRITERION 2 
    2. Each project is discussed in terms of the most appropriate source(s) of funding to meet its particular requirements. 

    ASSESSMENT CRITERION 3 
    3. The list of minimum criteria for sources of funding and funders is applied to the selected best-suited source(s) per project. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    1. Anyone assessing a learner against this Unit Standard must be registered as an assessor with the relevant ETQA, or with an ETQA that has a Memorandum of Understanding with the relevant ETQA.
    2. Any institution offering learning that will enable achievement of this Unit Standard or will assess this Unit Standard must be accredited as a provider with the relevant ETQ, or with an ETQA that has a Memorandum of Understanding with the relevant ETQA .
    3. Moderation of assessment will be overseen by the relevant ETQA according to the moderation guidelines in the relevant qualification and the agreed ETQA procedures or with an ETQA that has a Memorandum of Understanding with the relevant ETQA .
    4. Therefore, anyone wishing to be assessed against this Unit Standard may apply to be assessed by any assessment agency, assessor or provider institution that is accredited by the relevant ETQA or with an ETQA that has a Memorandum of Understanding with the relevant ETQA. 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • Use of the Internet to search for information
  • Research skills
  • Funding and financing as a key aspect of any local economic development project or programme
  • Information sources for funders of local economic development 
    		•

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems in which responses display that responsible decisions using critical and creative thinking have been made by, e.g.
  • Compiling a list of minimum criteria against which to measure the sources of funding and funders according to assessment criterion:
    A list of minimum criteria against which to measure the sources of funding and funders is compiled in terms of ensuring that the decision-making process is applied consistently.
  • Explaining the advantages and disadvantages of the various sources of funding for local economic development in the South African context according to the assessment criteria for specific outcome:
    Explain the advantages and disadvantages of the various sources of funding for local economic development in the South African context. 
    		•

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organize and critically evaluate information by, e.g.
    Demonstrating a knowledge and understanding local economic development in the South African context according to the assessment criteria for specific outcomes:
  • Compile a list of and describe the sources of funding available for local economic development in the South African context.
  • Explain the advantages and disadvantages of the various sources of funding for local economic development in the South African context.
  • Specify a range of local economic development projects and the best suited source(s) of funding for each. 
    		•

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematical and/ or language skills in the modes of oral and/ or written presentation by, e.g.
    Discussing the advantages and disadvantages and applicability of each source of funding according to assessment criteria:
  • Each source of funding is discussed in terms of its specific advantages in the South African context.
  • Each source of funding is discussed in terms of its specific disadvantages in the South African context.
  • Each source of funding is discussed in terms of its applicability to one or more of the institutional arrangements for local economic development. 
    		•

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of related systems by recognizing that problem solving contexts do not exist in isolation by e.g.
    Specifying a range of local economic development projects and the best suited source(s) of funding for each according to the assessment criteria for specific outcome:
  • Specify a range of local economic development projects and the best suited source(s) of funding for each. 
    		•

    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 
    N/A 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  36438   National Certificate: Local Economic Development  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  LG SETA 


    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. A4 Consultancy CC 
    2. AVAX SA 481 CC. T/A Mandisa Development Services 
    3. Central Institute of Professional Studies and Services 
    4. Edutraining Business College 
    5. Elvis Koena Consulting (Pty) Ltd 
    6. Giamanje TVET College 
    7. Growth Management Consulting 
    8. HDPSA 
    9. ICM t/a Institute for Career Management 
    10. Josmap Training Institute 
    11. Khehli Institute 
    12. Mamuhle Academy 
    13. MANCOSA Pty (Ltd) 
    14. Mortarboard Training Solutions 
    15. Petra Institute of Development 
    16. PFIM Trading (Pty) Ltd 
    17. PMA Holdings (PTY ) LTD. 
    18. Progressive School of Business and Engineering (Pty) 
    19. PTDEV (Pty) Ltd 
    20. Reflections Development Institute 
    21. Regent Business School (Pty) Ltd t/a Regent Business School 
    22. Siza Nesu Training and Consultants 
    23. Thinking Mind Trading 
    24. Transafric Consulting Pty Ltd 
    25. Tshepang Consulting & Project 
    26. Umqondo Consultancy 
    27. UNIVERSITY OF BUSINESS EXCELLENCE(PTY)LTD 
    28. University of Venda 


    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.