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: 

Conduct and apply mathematical analyses relating to economics and finance 
SAQA US ID UNIT STANDARD TITLE
119333  Conduct and apply mathematical analyses relating to economics and finance 
ORIGINATOR
SGB Public Administration and Management 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Public Administration 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 5  Level TBA: Pre-2009 was L5  15 
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 does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
Learners working towards this standard will be working within a Public Sector environment, specialising in Public Finance Management and Administration, where the acquisition of competence against this standard will add value to one's job. This standard will also add value to public officials who are seeking to develop a career pathway towards becoming an accomplished public finance management and administration specialist.

The qualifying learner is capable of:
  • Critiquing and using mathematical techniques for collecting, organising and representing data
  • Applying mathematical calculations to different business transactions
  • Defining economic relationships based on mathematical analysis 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    Learners accessing this Unit Standard must be in possession of a Further Education and Training Certificate or equivalent qualification. 

    UNIT STANDARD RANGE 
    N/A 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Apply mathematical calculations to different business transactions. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Principles underlying matrix algebra is explained 

    ASSESSMENT CRITERION 2 
    Principles underlying matrix algebra is applied in the analysis of interrelated system and in solving optimization problems 

    ASSESSMENT CRITERION 3 
    First order integral calculus rules are used in a variety of situations that require an analysis for business and economic decisions 

    ASSESSMENT CRITERION 4 
    Calculations relating to time value of money are preformed for different financial transactions 

    ASSESSMENT CRITERION 5 
    The usefulness of linear programming is demonstrated in selected resource allocation problems 

    SPECIFIC OUTCOME 2 
    Critique and use mathematical techniques for collecting, organizing and representing data. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Situations or issues that can be dealt with through mathematical calculations are identified correctly 

    ASSESSMENT CRITERION 2 
    Appropriate methods for collecting, recording and organizing mathematical data are identified in order to maximize efficiency and ensure the resolution of problems or issues 

    ASSESSMENT CRITERION 3 
    Graphical representations and set theory are used in the analysis of finance and economic related problems 

    ASSESSMENT CRITERION 4 
    Calculations are correct 

    SPECIFIC OUTCOME 3 
    Define economic relationships based on mathematical analysis. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Economic relationships are understood through finding solutions aided by graphical representation techniques. 

    ASSESSMENT CRITERION 2 
    Mathematical data is evaluated so that faults and inconsistencies in economic relationships can be defined 

    ASSESSMENT CRITERION 3 
    Graphical representations and numerical summarise are consistent with the data, are clear and appropriate to the situation. 

    ASSESSMENT CRITERION 4 
    Predictions are made based on mathematical analysis. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    1. Any individual wishing to be assessed (including through RPL) against this unit standard may apply to an assessment agency, assessor or provider institution accredited by the relevant ETQA, or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
    2. Anyone assessing a learner against this unit standard must be registered as an assessor with the relevant ETQA, or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
    3. Any institution offering learning that will enable achievement of this unit standard or assessing this unit standard must be accredited as a provider with the relevant ETQA, or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
    4. Moderation of assessment will be conducted by the relevant ETQA at its discretion. 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    The learner must demonstrate an understanding of:
  • Methods for collecting, organising and analyzing mathematical data
  • Mathematical analysis and theories relating to public sector
  • Linear programming
  • Matrix algebra
  • Integral calculus 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems using critical and creative thinking processes to interpret economic and financial problems utilising mathematical theories and analysis 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team, group, organization or community to gather mathematical data 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one's activities responsibly and effectively in order to conduct mathematical analysis within job context 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organize and crtically evaluate information in order to establish economic relationships 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematical and/or language in the modes of oral and/or written persuasion to present mathematical analysis to illustrate theories, economic trends and different financial transactions 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively and critically, showing responsibility to the environment and health of others in obtaining mathematical information 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of interrelated systems by recognising that mathematical problem-solving contexts do not exist in isolation to demonstrate how mathematical theories and principles are linked to financial transactions, economic relationships and finance and economic related problems 

    UNIT STANDARD CCFO CONTRIBUTING 
    Participating as responsible citizens in the life of local, national and global communities by analyzing mathematics and integrating the principles into all spheres of life 

    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
    Fundamental  49554   National Diploma: Public Finance Management and Administration  Level 5  NQF Level 05  Reregistered  2023-06-30  LG SETA 
    Elective  65649   National Certificate: Official Statistics  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2023-06-30  PSETA 


    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. Afriwealth Consulting 
    2. Akadon Trading (Pty) Ltd 
    3. Bikologix Projects 
    4. Bokatoka Construction and Projects 
    5. Change Strategies Consulting Services CC 
    6. Cradle Stars Trading Enterprise 
    7. Development Bank of Southern Africa (DBSA) 
    8. DITEBOGO CONSULTANCY CC 
    9. Eskilz College (Pty) Ltd 
    10. ETAMIC PTY LTD 
    11. Excellent Minds Institute (Pty) Ltd 
    12. GATYANA TRAINING ACADEMY 
    13. GOBELA CONSULTING 
    14. Growth Management Consulting 
    15. Hadima Training Academy 
    16. Hlombe and Associates 
    17. IGKM Management Services (Pty) Ltd 
    18. Inafrica General Trading Pty LTD 
    19. Isiphephelo Consultants 
    20. Josmap Training Institute 
    21. KAGISHO BUSINESS CONCEPTS (Pty) LTD 
    22. KOKANO PROJECTS PTY LTD 
    23. LMMM Training and Development 
    24. Mafamawethu Consultants 
    25. Mamuhle Academy 
    26. Management College of Southern Africa (MANCOSA) 
    27. Maritime Business Institute 
    28. MARS Business Consulting 
    29. MML Consulting CC. 
    30. Motheo Skills Entity 
    31. MTK Corporate Solutions 
    32. MUHANGWENE DEVELOPMENT ENTERPRISE 
    33. Nalengmokoni Investors (Pty) Ltd 
    34. Nkqubela Community Developers 
    35. Nvsion Consulting 
    36. Onyx Training Support 
    37. Pachi Global Foundation 
    38. Pebetse Training and Consulting 
    39. PMA Holdings (PTY ) LTD. 
    40. Princetop Corporative Training (Pty) Ltd 
    41. Progressive School of Business and Engineering (Pty) 
    42. PTDEV (Pty) Ltd 
    43. Pulakgadi Training Consulting CC 
    44. RCG Markets 
    45. Regent Business School (Pty) Ltd t/a Regent Business School 
    46. Resonance Institue of Learning 
    47. Silalele Consulting CC. 
    48. SIZA NESU TRAINING AND DEVELOPMENT 
    49. South African Corporate Training Association 
    50. Tachfin Holdings 
    51. Talent Centre Training 
    52. Talent Emporium Academy (PTY) Ltd 
    53. Tasc Business Consulting and Training 
    54. The Crimson CO CC. 
    55. Thinking Mind Trading 
    56. Thuto-Boswa Education and Training Solution 
    57. Tloumogale Business Development & Consulting 
    58. Transafric Consulting Pty Ltd 
    59. Tshepang Consulting & Project 
    60. TWINMARK STRATEGY AND MANAGEMENT CONSULTANTS 
    61. UNIVERSITY OF BUSINESS EXCELLENCE(PTY)LTD 
    62. Vibra Skills CC. 
    63. Vicmat Consultants 
    64. WEINVEST INVESTMENT CC 



    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.