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: 

Apply principles of risk management to manage and report risk situations 
SAQA US ID UNIT STANDARD TITLE
119349  Apply principles of risk management to manage and report risk situations 
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  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 
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:
  • Explaining the concept of risk in a public sector financial administration environment
  • Applying the principles of risk to make a financial decision
  • Determining risk assessment
  • Analysing the effect of selected scenarios on a potential risk 
    		•

    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 
    Explain the concept of risk in a public sector financial administration environment. 
    OUTCOME RANGE 
    Factors that influence the level of risk include but are not limited to timing, term, type of instrument and nature of market 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The concept of risk in a public sector financial administration environment is explained 

    ASSESSMENT CRITERION 2 
    The role of the governing body in the design and implementation and monitoring of a risk management system is explained 

    ASSESSMENT CRITERION 3 
    Risk response and risk structures are explained 

    ASSESSMENT CRITERION 4 
    Responsibilities, functions and qualities of internal auditor are explained in relation to the need to strengthen the internal risk control system 

    ASSESSMENT CRITERION 5 
    Methods of risk assessment within the public sector financial administration environment are identified and explained 

    ASSESSMENT CRITERION 6 
    The different methods for avoiding and managing risks and safeguarding assets are identified and explained 

    SPECIFIC OUTCOME 2 
    Apply the principles of risk to make a financial decision. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The risk of a specific financial option is analysed and quantified in order to explain the consequences of a financial decision 

    ASSESSMENT CRITERION 2 
    The probability of gain or loss is explained in relation to the particular option 

    ASSESSMENT CRITERION 3 
    Possible options to reduce risk are explored and a strategy is developed that could eliminate or reduce a specified risk 

    ASSESSMENT CRITERION 4 
    Proposed alternatives options are analysed 

    ASSESSMENT CRITERION 5 
    Internal controls and the role they play in ensuring the effectiveness of accounting and risk management systems are explained 

    ASSESSMENT CRITERION 6 
    Appropriate instruments of internal control are reviewed, compared and explained 

    SPECIFIC OUTCOME 3 
    Determine risk assessment. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    The relationship between risk and return is determined by comparing the accepted accounting definitions of risk and return 

    ASSESSMENT CRITERION 2 
    Business and financial risk are described applied according to the accepted notions of business and financial risk within the public sector financial administration context 

    ASSESSMENT CRITERION 3 
    A comparison between unsystematic risk and systematic risk is made based on specific circumstances 

    ASSESSMENT CRITERION 4 
    Returns are determined according to GAAP/GRAP 

    SPECIFIC OUTCOME 4 
    Analyse the effect of selected scenarios on a potential risk. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    Broad categories of risk are described with reference to strategic, operational, technology and insurable risk 

    ASSESSMENT CRITERION 2 
    Knowledge of events in the macro environment is applied in order to initiate the formulation of potential risk scenarios 

    ASSESSMENT CRITERION 3 
    Potential risk scenarios are identified and contextualized within the public sector financial administration environment 

    ASSESSMENT CRITERION 4 
    Appropriate methods of risk assessment are implemented in relation to selected scenarios 

    ASSESSMENT CRITERION 5 
    The advantages and disadvantages of the various scenarios are debated and the range of scenarios evaluated against the criteria and ranked for best fit 

    ASSESSMENT CRITERION 6 
    Recommendations to improve the control of operating activities and resources are understood and implemented in the context of a computerized information system 


    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:
  • Municipal Finance Management Act
  • Public Finance Management Act
  • A comprehensive understanding of legislation, rules and statutory requirements applicable to the public sector as it relates to risk management
  • Risk assessment
  • Risk returns
  • Risk management systems
  • Internal control systems 
    		•

    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 the South African Constitution, legal system and legislative regulations impacting on the public sector financial management context 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team, group, organization or community to assess potential risk scenarios 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one's activities responsibly and effectively in order to ensure that risk is proactively managed 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organize and crtically evaluate information in order to assess risk and determine returns 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematical and/or language in the modes of oral and/or written persuasion to source data to determine risk decisions 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively and critically, showing responsibility to the environment and health of others in ensuring that risk probability factors are effectively determined 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of interrelated systems by recognising that problem-solving contexts do not exist in isolation in apply knowledge of events in the macro environment to formulate potential scenarios and explaining the potential impact on anticipated outcomes 

    UNIT STANDARD CCFO CONTRIBUTING 
    Participating as responsible citizens in the life of local, national and global communities by analysing all aspects of potential risk 

    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  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  LG SETA 
    Elective  65649   National Certificate: Official Statistics  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "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. A4 Consultancy CC 
    2. Abacwaningi Business Solutions 
    3. Africa Institute For Public Administration 
    4. African Divas 
    5. African Resources and Financial Training 
    6. Akadon Trading (Pty) Ltd 
    7. Akili Training 
    8. Alpha Business Consultants 
    9. Amabamba Recruitment 
    10. Amangile Academy (Pty) Ltd 
    11. Ashley Maloka Consulting 
    12. AVAX SA 481 CC. T/A Mandisa Development Services 
    13. AVC Corporate Advisory Services (PTY) LTD. 
    14. Balcare Advisory 
    15. Bantubanye Skills 
    16. Bavuse Trading Enterprises cc 
    17. Be for sunset trading and projects 266 
    18. Belgravia Institute of Mangement (PTY) LTD 
    19. BESO Business Empowerment Solutions CC 
    20. Bikologix Projects 
    21. Black Bull Consulting 
    22. Black Expression Consulting 
    23. Blue Poplar 
    24. BO Support Services CC 
    25. Boikgantsho Consulting & Events 
    26. Break The Chains Development Services 
    27. Buena Vista Learning Academy 
    28. Canton Trading 273 
    29. Capital Pioneer Consulting 
    30. Centre for Public Participation 
    31. Cool Ideas 1016 (Pty) LTD t/a ESP Consulting 
    32. Crack Down Pest Control Services 
    33. Crimsonblu (PTY) LTD 
    34. CTC College(PTY) LTD. 
    35. Cutting Edge Consultants Pty LTD 
    36. Datatecture (PTY) LTD 
    37. Dean Institute Of Learning (Pty) Ltd 
    38. Deloitte & Touche 
    39. Dependable Consulting (Pty) 
    40. Development Bank of Southern Africa (DBSA) 
    41. Devhula Financial Services (pty) (LTD) 
    42. DGK Advisory 
    43. Dijama Training Academy 
    44. Ditlou Solutions 
    45. Edequette Training Institute 
    46. Elective Training Institute Enterprise CC 
    47. Envirogreen 
    48. Equilibruim Skills Development and Research Pty Ltd 
    49. ETAMIC PTY LTD 
    50. Excellent Minds Institute (Pty) Ltd 
    51. Execuprime Business College (Pty) Ltd 
    52. Express Model 405 
    53. Free State Training and Development Institute 
    54. FRN Holdings 
    55. GALKINA INVESTMENTS (PTY) LTD t/a BELGRAVIA INSTITUTE 
    56. Gauteng Association Of Local Authorities 
    57. Giamanje TVET College 
    58. Giant Alive Services 
    59. Giggs Creations 
    60. Glere Skills and Consultants 
    61. Global Care Trading 100 CC 
    62. Gomolemo's Consultant (Pty) Ltd 
    63. Grant Thornton Learning Institute 
    64. Growth Management Consulting 
    65. Hadima Training Academy 
    66. Hamonate Consulting 
    67. Health Science Academy 
    68. HEARTBEATS CONSULTING SERVICES 
    69. Hlombe and Associates 
    70. HS GLOBAL SKILLS BUSINESS SOLUTIONS 
    71. HYM Consulting 
    72. Ikhaya Training and Consulting 
    73. Ilinge Labantu Debt Solution 
    74. Iliso Investment holdings (Pty) Ltd 
    75. Indigo Institute 
    76. Inkcubeko YakwaNtu Trading 
    77. Institute of Public Affairs and Governance PTY (LTD) 
    78. Institute of Sector Education and Training 
    79. IQ Skills Academy (PTY) LTD. 
    80. Isipho Equiping (Pty) Ltd 
    81. ITIRELENG BOKAMOSO TRADING ENTERPRISE 
    82. Itumeleng Wellness Solutions 
    83. Iyana Property management 
    84. JBM CONSULTING PTY LTD 
    85. JLD Institute 
    86. Jobafrik Consulting 
    87. Johsie Enertprise 
    88. Jojo Training Institute 
    89. Josmap Training Institute 
    90. July GM Holdings 
    91. K-Leng Touch, Events and Skills Development 
    92. Kamanga Skills Projects 
    93. Kelsey Events and Business Consulting 
    94. Kernel Management and Consulting (PTY) LTD. 
    95. Kgakishe Trading and Projects (PTY) LTD 
    96. Kgotla Trading Enterprise 
    97. Khabolwazi Pty LTD 
    98. Khanyisela Consulting 
    99. Khehli Institute 
    100. Kholo Trading Enterprise 
    101. Kia Chuma 
    102. KOKANO PROJECTS PTY LTD 
    103. Konwaba Training Solutions 
    104. KPK Training Solutions 
    105. Kutlwa Consultancy 
    106. KWEM Management Solutions 
    107. KYM MANAGEMENT CONSULTING 
    108. LATHITHAA CONSULTING SERVICES 
    109. Lavinda Trade and Invest 
    110. Legalnalulwazi 
    111. Lemao Enterprise 
    112. Less Aid More Trade Pty Ltd 
    113. Letlotlo La Gae (Pty) Ltd 
    114. Lewerb Holdings (PTY) Ltd 
    115. Lorpen Investments 
    116. Mabuya Amahle Trading 
    117. MAC NDLOVU INCORPORATED 
    118. Mafamawethu Consultants 
    119. Makgoka Development Facilitation (PTY) Ltd. 
    120. Makoti Skills Development Solutions 
    121. Makuka Investment Group 
    122. Malivha Holdings 
    123. Mancosa (PTY) LTD T/A Management College of Southern Africa 
    124. MANCOSA Pty (Ltd) 
    125. Mangalani Business Enterprises 
    126. Manpower Skills Academy 
    127. Maono Tai Consulting and Training 
    128. MARS Business Consulting 
    129. Mashphe Logistics Services 
    130. MATEPE INVESTMENTS (PTY) LTD 
    131. Matibidi Raphela Investments (Pty) LTD 
    132. Mgwezane Training and Events Management CC. 
    133. Miczo's Enterprise 
    134. Midenrie 
    135. Mimoisa Business Solutions CC 
    136. MJ Mafunisa Consulting (PTY) LTD 
    137. MK Consulting 
    138. MML Consulting CC. 
    139. Mod-Mosh Projects and Consulting (PTY) LTD 
    140. Mologadi and Associates 
    141. Morena Empire Investment 
    142. Mortarboard Training Solutions 
    143. Motheo Skills Entity 
    144. Moving Business Altitudes Consulting 
    145. MTK Corporate Solutions 
    146. MUHANGWENE DEVELOPMENT ENTERPRISE 
    147. Multiple Productive Management Solutions 
    148. Munsoft 
    149. Murusu Mining Resources 
    150. Nalengmokoni Investors (Pty) Ltd 
    151. Ndingo Business Enterprise 
    152. Ndwandwe Consultants 
    153. Nemalale Eagles Consultancy CC 
    154. Nettcon SA 
    155. Ngwadhla General Trading (PTY) LTD 
    156. Nhlahle Development Agency 
    157. Nonunu Projects 
    158. Ntsu Trading 559 CC. 
    159. Nungu Trading 468 
    160. Nvsion Consulting 
    161. Nyankwavi Investment CC. 
    162. Okhulumini Financial Solutions 
    163. Omithombo Management Academy 
    164. Onyx Training Support 
    165. OR Project Management 
    166. Outeniqua Leadership Institute 
    167. Pachedu Skills Solutions 
    168. PanAfrican Supply Chain Academy 
    169. Pandelani Investment Holdings (PTY) LTD. 
    170. Pebetse Training and Consulting 
    171. Peo-Seed Training Specialist 
    172. PFIM Trading (Pty) Ltd 
    173. Phexo Trading Enterprise 
    174. Phoenix Training Institute 
    175. Pioneer Business Consulting 
    176. PMA Holdings (PTY ) LTD. 
    177. Power Rush Trading 170 CC. 
    178. Powernexus 
    179. Princetop Corporative Training (Pty) Ltd 
    180. Progressive School of Business and Engineering (Pty) 
    181. Proverb Financial Services 
    182. PTDEV (Pty) Ltd 
    183. Qabuka-Vuka Development Trading 
    184. Qeto Business Consulting 
    185. RCG Markets 
    186. Reflections Development Institute 
    187. Regent Business School (Pty) Ltd t/a Regent Business School 
    188. RHINO CASHLOAN AND SERVICES 
    189. Running Business Today 
    190. Sasalethu Consulting and Associates 
    191. Sekakopamo Holdings 
    192. SEKAMENG TRAINING AND DEVELOPMENT SOLUTIONS (PTY) LTD 
    193. Sifuna Consulting CC 
    194. Silalele Consulting CC. 
    195. Siletha Consultant 
    196. SIYA-MLANDELA TRADING ENTERPRISE 
    197. Siyakhula Trust ETD Institute Pty Ltd 
    198. Siza Nesu Training and Consultants 
    199. Smat Engineering 
    200. Sobethu Properties Pty Ltd 
    201. South African Institute of Learning (SAIL) 
    202. SPECTRA SKILLS DEVELOPMENT 
    203. SSS Consulting Services 
    204. St Kings Institute of Technology and Business Studies 
    205. SWARANANG MANAGEMENT CONSULTING CC 
    206. Tachfin Holdings 
    207. Talent Centre Training 
    208. Tasc Business Consulting and Training 
    209. TCNS Resources (PTY) Ltd 
    210. The Crimson CO CC. 
    211. The Viol Trading Enterprise 
    212. Thinking Mind Trading 
    213. Three Steps Trading 
    214. Thubelihle Graduate Institute 
    215. Timnet Management Consulting 
    216. Tlaletso Consultants 
    217. Tlhalefang Holdings 
    218. Tloumogale Business Development & Consulting 
    219. Training at Work (Pty) Ltd 
    220. Transafric Consulting Pty Ltd 
    221. Triads Management Services 
    222. Tsebong Training Centre 
    223. Tshepang Consulting & Project 
    224. TSHIF Trading 
    225. Tsoelopele Leadership Consulting (Pty) Ltd 
    226. Tummo Development Enterprise 
    227. Tuns Trading and Projects (Pty) Ltd 
    228. Ubuholi Bendabuko Capacity Building (PTY) Ltd 
    229. Ubuqhawe Consulting (Pty) Ltd 
    230. Ukhamba Quality Skills 
    231. Umnotho Wamazwe Trading 
    232. Umqondo Consultancy 
    233. Unakho Business Solutions 
    234. UNIVERSITY OF BUSINESS EXCELLENCE(PTY)LTD 
    235. University of Pretoria 
    236. University of Venda 
    237. Valinsight (PTY) LTD 
    238. Venus Maintenance and Supply Services 
    239. Vibra Skills CC. 
    240. Victorious Training Institute 
    241. Vumilia Africa Group 
    242. Wasteng (PTY) Ltd 
    243. World Pace Development and Training Institute 
    244. Ya Hina Management Consulting and projects 
    245. Yamangcuse Consulting 
    246. ZIKHALI TRADING (PTY) LTD 
    247. ZMG CONSULTING 


    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.