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: 

Analyse and evaluate the impact of macroeconomic data on the operating environment of the public sector 
SAQA US ID UNIT STANDARD TITLE
119347  Analyse and evaluate the impact of macroeconomic data on the operating environment of the public sector 
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  12 
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:
  • Discussing the impact of macro-economic decisions on the economy and a business environment
  • Discussing the impact of macro-economic decisions on investment strategies in a business environment
  • Using economic indicators to determine the current economic cycle and possible future directions
  • Applying trends in the economic environment to a specific financial organisation
  • Demonstrating an understanding of the financial world of public finance management and administration
  • Demonstrating an understanding of the nature and importance of debt in financing public capital projects 

  • 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 
    Discuss the impact of macro-economic decisions on the economy and a business environment. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The interrelationship between monetary and fiscal policy is explained with reference to the role of the Reserve Bank and Government. 

    ASSESSMENT CRITERION 2 
    Imbalances that can occur in an economy are explained and an indication is given of how fiscal and monetary policy can be applied to restore balance. 

    ASSESSMENT CRITERION 3 
    Discuss the impact of macro-economic decisions on investment strategies in a business environment. 

    SPECIFIC OUTCOME 2 
    Discuss the impact of macro-economic decisions on investment strategies in a business environment. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The impact of an increase in interest rates on client behaviour is explained and an indication is given of subsequent effects on business. 

    ASSESSMENT CRITERION 2 
    The impact of an increase in tax on client behaviour is explained and an indication is given of subsequent effects on business. 

    ASSESSMENT CRITERION 3 
    The effect of foreign exchange controls on investment decisions is explained and an indication is given of the subsequent effects on business. 

    SPECIFIC OUTCOME 3 
    Use economic indicators to determine the current economic cycle and possible future directions. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Six key indicators are analysed in terms of the current level and recent trends. 

    ASSESSMENT CRITERION 2 
    The indicators are used to determine the current economic cycle. 

    ASSESSMENT CRITERION 3 
    A personal view is expressed and substantiated on the likely future movement of the economy. 

    SPECIFIC OUTCOME 4 
    Apply trends in the economic environment to a specific financial organisation. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Areas of a business that are affected by changes in the macro environment are identified and an indication is given of why and how the changes impact on that area. 

    ASSESSMENT CRITERION 2 
    The impact of changes in the macro environment on the business client relationship is analysed and an indication is given of how this change could be managed in a selected business. 

    ASSESSMENT CRITERION 3 
    The impact of changes in the macro-environment on business risk is analysed with reference to pricing, guarantees and the general financial state of the business. 

    SPECIFIC OUTCOME 5 
    Demonstrate an understanding of the financial world of public finance management and administration. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Alternative views on the purpose of municipalities and the importance of municipal entities are described. 

    ASSESSMENT CRITERION 2 
    The role of the financial manager is explained. 

    ASSESSMENT CRITERION 3 
    The value of financial intermediaries are discussed. 

    ASSESSMENT CRITERION 4 
    Appreciation of the function on the major financial institutions and markets is demonstrated. 

    SPECIFIC OUTCOME 6 
    Demonstrate an understanding of the nature and importance of debt in financing public capital projects. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The nature and main types of bonds, their valuation and pricing is explained. 

    ASSESSMENT CRITERION 2 
    Main considerations for a municipality when borrowing from banks are described. 

    ASSESSMENT CRITERION 3 
    The term structure of interest rates and reasons for their existence are explained. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • 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.
  • 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.
  • 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.
  • 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:
  • Sources of economic data, including hard copy, news media, electronic, public databases
  • Report writing
  • Presentation skills
  • Economic indicators
  • Basic principles of micro-economics and macro-economics
  • Public Finance Management Act
  • Municipal Finance Management Act 

  • 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 principles, theories and indicators. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team, group, organization or community to gain feedback on economic trends and developments relating to micro and macro-economics. 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one's activities responsibly and effectively in order to gather information relating to economics for integration into one's specific job context. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organize and crtically evaluate information in order to distinguish between micro-economic and macro-economic trends as they apply to the public sector. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematical and/or language in the modes of oral and/or written persuasion to present economic theories as they relate to the public sector. 

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

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of interrelated systems by recognising that problem-solving contexts relating to economics do not exist in isolation and that there are interdependencies among different sectors of the economy, markets and economic flows. 

    UNIT STANDARD CCFO CONTRIBUTING 
    Participating as responsible citizens in the life of local, national and global communities by analyzing economics 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
    Core  49554   National Diploma: Public Finance Management and Administration  Level 5  NQF Level 05  Reregistered  2023-06-30  LG SETA 
    Elective  64670   National Certificate: Public Financial Oversight and Accountability  Level 6  Level TBA: Pre-2009 was L6  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. Learncore (Pty) Ltd 
    24. LMMM Training and Development 
    25. Mafamawethu Consultants 
    26. Mamuhle Academy 
    27. Management College of Southern Africa (MANCOSA) 
    28. Maritime Business Institute 
    29. MARS Business Consulting 
    30. MML Consulting CC. 
    31. Motheo Skills Entity 
    32. MTK Corporate Solutions 
    33. MUHANGWENE DEVELOPMENT ENTERPRISE 
    34. Nalengmokoni Investors (Pty) Ltd 
    35. Nkqubela Community Developers 
    36. Nvsion Consulting 
    37. Onyx Training Support 
    38. Pachi Global Foundation 
    39. Pebetse Training and Consulting 
    40. PMA Holdings (PTY ) LTD. 
    41. Princetop Corporative Training (Pty) Ltd 
    42. Progressive School of Business and Engineering (Pty) 
    43. PTDEV (Pty) Ltd 
    44. Pulakgadi Training Consulting CC 
    45. RCG Markets 
    46. Regent Business School (Pty) Ltd t/a Regent Business School 
    47. Resonance Institue of Learning 
    48. Silalele Consulting CC. 
    49. SIZA NESU TRAINING AND DEVELOPMENT 
    50. South African Corporate Training Association 
    51. Tachfin Holdings 
    52. Talent Centre Training 
    53. Talent Emporium Academy (PTY) Ltd 
    54. Tasc Business Consulting and Training 
    55. The Crimson CO CC. 
    56. Thinking Mind Trading 
    57. Thuto-Boswa Education and Training Solution 
    58. Tloumogale Business Development & Consulting 
    59. Transafric Consulting Pty Ltd 
    60. Tshepang Consulting & Project 
    61. TWINMARK STRATEGY AND MANAGEMENT CONSULTANTS 
    62. UNIVERSITY OF BUSINESS EXCELLENCE(PTY)LTD 
    63. Vibra Skills CC. 
    64. Vicmat Consultants 
    65. 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.