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: 

Manage personal finances 
SAQA US ID UNIT STANDARD TITLE
12509  Manage personal finances 
ORIGINATOR
SGB Hygiene & Cleaning Services 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 11 - Services Personal Care 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 1  NQF Level 01 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 
2006-02-14  2007-02-21  SAQA 0160/05 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2008-02-21   2011-02-21  

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 is replaced by: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
243189  Manage personal finances  Level 1  NQF Level 01   

PURPOSE OF THE UNIT STANDARD 
Learners working towards this standard will be learning towards the full qualification, or will be involved in or working within a cleaning services environment. Qualifying learners are able to manage his/her personal finances. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
LEARNING ASSUMED TO BE IN PLACE

The learner has the speaking and listening ability equal to an ABET Level 1 Com 101 standard and/or any other communication skill that will enable him/her to confirm the knowledge and skills required by this unit standard.

Basic numeracy including the ability to add, subtract, multiply, divide, and work with fractions and percentages. (ABET Numeracy standards 101 &102). 

UNIT STANDARD RANGE 
  • The scope of this unit standard is for any person who earns a salary / wage and who has to plan his/her finances.
  • The level assigned to this unit standard is appropriate because the process is limited in range, very repetitive and familiar, limited generation of new ideas are needed and the person has no responsibility for the learning of others. Problem solving occurs within a pre-defined context.

    RANGE STATEMENTS WHICH REFER TO ASSESSMENT CRITERIA IN THIS UNIT STANDARD

    Assessment can be verbal, written or any other agreed upon method. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Prepare a personal budget. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Reads and correctly interprets his/her pay slip. 

    ASSESSMENT CRITERION 2 
    2. Distinguishes between what s/he needs and what s/he wants when drafting a personal budget. 

    ASSESSMENT CRITERION 3 
    3. Explains the difference between a need and a want. 

    ASSESSMENT CRITERION 4 
    4. Explains how the difference between a need and a want will influence his/her decisions when planning with limited finances. 

    ASSESSMENT CRITERION 5 
    5. Explains how s/he can become poorer because of impulsive buying. 

    ASSESSMENT CRITERION 6 
    6. Explains how s/he can buy things without opening an account or borrowing money, when s/he does not have enough money. 

    ASSESSMENT CRITERION 7 
    7. Is able to indicate the difference between fixed expenses and expenses that change from month to month (variable expenses). 

    ASSESSMENT CRITERION 8 
    8. Controls variable expenses in a way that is best for his/her present and future financial needs. 

    ASSESSMENT CRITERION 9 
    9. Explains the difference between, and gives an example of fixed and variable expenses. 

    ASSESSMENT CRITERION 10 
    10. Explains how variable expenses can be controlled to take care of financial needs. 

    ASSESSMENT CRITERION 11 
    11. Is able to meet all his/her important financial commitments. 

    ASSESSMENT CRITERION 12 
    12. Is able to show how s/he plans his/her finances in such a way that s/he is able to survive from one payday to the next. 

    ASSESSMENT CRITERION 13 
    13. Compares prices (including the price of credit) when making decisions about buying. 

    ASSESSMENT CRITERION 14 
    14. Makes financial decisions keeping in mind that value for money is important and that what is bought serves a real need. 

    ASSESSMENT CRITERION 15 
    15. Plans for future financial needs. 

    ASSESSMENT CRITERION 16 
    16. Makes plans to earn extra money from other sources. 

    ASSESSMENT CRITERION 17 
    17. Plan a realistic budget. 

    ASSESSMENT CRITERION 18 
    18. Plans for unforeseen events in his/her budget. 

    ASSESSMENT CRITERION 19 
    19. Describes how s/he will know if s/he is receiving "value for money." 

    ASSESSMENT CRITERION 20 
    20. Gives an example of a future financial need relevant to his/her personal situation. 

    ASSESSMENT CRITERION 21 
    21. Explains how s/he can plan for future financial needs. 

    ASSESSMENT CRITERION 22 
    22. Explains how s/he can increase personal income. 

    ASSESSMENT CRITERION 23 
    23. Explains how a personal budget can contribute to financial discipline. 

    ASSESSMENT CRITERION 24 
    24. Explains why financial discipline is important. 

    SPECIFIC OUTCOME 2 
    Open a personal bank account. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Asks about the different accounts and services available at banks. 

    ASSESSMENT CRITERION 2 
    2. Chooses the account and/or service that best suit his/her financial needs. 

    ASSESSMENT CRITERION 3 
    3. Takes responsibility for completing an application form to open a bank account. 

    ASSESSMENT CRITERION 4 
    4. Explains the different accounts and services banks can offer him/her. 

    ASSESSMENT CRITERION 5 
    5. Explains why s/he chooses a specific service and/or account. 

    ASSESSMENT CRITERION 6 
    6. Explains why one must shop around for financial services. 

    SPECIFIC OUTCOME 3 
    Improves his/her financial situation. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Lists the types of financial problems people can have. 

    ASSESSMENT CRITERION 2 
    2. Lists his/her debts. 

    ASSESSMENT CRITERION 3 
    3. Lists ways of managing these debts in order to improve his/her financial situation. 

    ASSESSMENT CRITERION 4 
    4. Lists ways of improving his/her financial situation once s/he has paid his/her debts. 

    ASSESSMENT CRITERION 5 
    5. Explains how the way in which s/he spends money can cause financial problems. 

    ASSESSMENT CRITERION 6 
    6. Explains how his/her debts could cause financial problems. 

    ASSESSMENT CRITERION 7 
    7. Explains how the way in which s/he manages his/her debts will improve his/her financial situation. 

    ASSESSMENT CRITERION 8 
    8. Explains the benefits of the different options listed in C4. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    1. An assessor accredited by the Services SETA ETQA will assess the competency.
    2. Assessment procedures will be supplied to the ETQA in alignment with NSB requirements.
    3. All assessment activities must be fair so that all candidates can have equal opportunities.
    4. Assessment will be free of gender, ethnic or other bias.
    5. Questions and answers must determine the theoretical knowledge.
    6. Direct observation, preferably in the workplace, or as a second choice in simulated conditions are preferred.
    7. A practical demonstration of competencies is required in this unit standard.
    8. Reporting skills are demonstrated by effective communication that may be verbal or any other agreed upon method.
    9. Internal Moderation
    10. External Moderation 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    On completion the learner can understand and apply knowledge as described in the assessment criteria of all the outcomes. 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems in which response displays that responsible decisions using critical and creative thinking have been made. Evident in:
  • Prepare a personal budget.
  • Open a personal bank account.
  • Improves his/her financial situation. 

  • UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team, group, organisation or community Evident in:
  • Prepare a personal budget.
  • Open a personal bank account.
  • Improves his/her financial situation. 

  • UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one`s activities responsibly and effectively. Evident in:
  • Prepare a personal budget.
  • Open a personal bank account.
  • Improves his/her financial situation 

  • UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematical and/or language skills in the modes of oral and/or written presentation. Evident in:
  • Prepare a personal budget.
  • Open a personal bank account.
  • Improves his/her financial situation. 

  • UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of related systems by recognising that problem solving contexts do not exist in isolation. Evident in:
  • Prepare a personal budget.
  • Open a personal bank account.
  • Improves his/her financial situation. 

  • UNIT STANDARD CCFO CONTRIBUTING 
    Contribute to the full personal development of each learner and the social and economic development of the society at large.
  • Participating as a responsible citizen in the life of local, national and global communities
  • Developing entrepreneurial opportunities. Evident in:
  • Prepare a personal budget.
  • Open a personal bank account.
  • Improves his/her financial situation. 

  • UNIT STANDARD NOTES 
    This unit standard has been replaced by unit standard 243189, which is " Manage personal finances ", Level 1, 8 credits.

    The assessor will need an example of the learner`s payslip. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  50225   General Education and Training Certificate: General Forestry  Level 1  NQF Level 01  Reregistered  2023-06-30  FPMSETA 
    Fundamental  35953   General Education and Training Certificate: Transport  Level 1  NQF Level 01  Passed the End Date -
    Status was "Reregistered" 
    2008-02-06  Was TETA until Last Date for Achievement 
    Fundamental  23853   GETC: Domestic Services  Level 1  NQF Level 01  Reregistered  2023-06-30  SERVICES 
    Fundamental  20173   National Certificate: Hygiene and Cleaning  Level 1  NQF Level 01  Passed the End Date -
    Status was "Reregistered" 
    2007-02-21  Was SERVICES until Last Date for Achievement 
    Elective  48642   General Education and Training Certificate Housing: Housing Consumer Education  Level 1  NQF Level 01  Passed the End Date -
    Status was "Reregistered" 
    2009-05-13  Was CETA until Last Date for Achievement 
    Elective  49411   General Education and Training Certificate: Construction  Level 1  NQF Level 01  Reregistered  2023-06-30  CETA 
    Elective  58267   General Education and Training Certificate: Mining and Minerals Processes  Level 1  NQF Level 01  Reregistered  2023-06-30  MQA 


    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. ADCORP TECHNICAL TRAINING (PTY) LTD 
    2. AGB Finance 
    3. ALLOYS HEAD OFFICE 
    4. Amagema Development Consultants cc 
    5. Amos / Kgaphamadi Community Organisation 
    6. ANGLOGOLD ASHANTI LTD (V/R) 
    7. Aniathu Trading (Pty) Ltd 
    8. AQUILA TRAINING 
    9. Arden School of Management (Pty) Ltd 
    10. Assured Vocational Skills Institute (Pty) Ltd 
    11. Ayasaphe Trading cc 
    12. Babina Tlou Trading and Projects 001 
    13. Bafikile Skills & Consulting Services (Pty) Ltd 
    14. BAFOKENG RASIMONE MANAGEMENT SERVICES PTY LTD 
    15. Bakgoni Empowerment Centre (Pty) Ltd 
    16. BANA BA THARI MINING TRADING AND DEVELOPMENT ACADEMY 
    17. BARBERTON MINES (PTY) LTD 
    18. Big Tree Group (Pty) Ltd 
    19. Blanket Security and SHEQ Solutions 
    20. BOKONI PLATINUM MINES (PTY) LTD 
    21. Bontham Training & Agricultural Consultants 
    22. Broadway Sky Trading 
    23. Cebelihle (Pty) Ltd 
    24. Chamonix Consulting (Pty) Ltd 
    25. Chippa Training Academy (Pty) Ltd 
    26. Circleway College 
    27. CMO Logistics Pty Ltd 
    28. Coalition Trading 1238 cc 
    29. Cradle Stars Trading Enterprise (Pty) Ltd 
    30. CULLINAN DIAMOND MINE PTY LTD 
    31. DIONYSUS SKILLS DEVELOPMENT INITIATIVE PTY LTD 
    32. Duzi-Corp 56 
    33. Ebotse Development and Training Centre 
    34. Ekurhuleni Artisans & Skills Training Centre (Pty) Ltd 
    35. Elimofo Trading& Projects 
    36. ENB Training Service(PTY)Ltd 
    37. ERGO BUSINESS DEVELOPMENT ACADEMY NPC 
    38. Eshet Chayil Concepts (Pty) Ltd 
    39. ETS Emergency Training Solutions (Pty) Ltd 
    40. Faithworks Development Consultants (Pty) Ltd 
    41. FINSCH DIAMOND MINE(PTY) LTD 
    42. FOSKOR (PTY) LTD 
    43. Fundakahle Multi-Purpose Co-operative Limited 
    44. Furniture World Training Centre 
    45. Future Discovery Training Academy CC 
    46. Gauteng City College 
    47. Gcinumbuso (Pty) Ltd 
    48. Gemini Stars (Pty) Ltd 
    49. GLENCORE OPERATIONS SOUTH AFRICA PTY LTD 
    50. GNBR Solutions (Pty) Ltd 
    51. Green Enviro & Projects (Pty)Ltd 
    52. GT Design 
    53. HARMONY GOLD MINING CO LTD 
    54. HHO Enterprise 
    55. Hlelolusha Consultants (Pty) Ltd 
    56. Honey Cube Projects & Services (Pty) Ltd 
    57. Hybrid Dynamics 
    58. I Care Resource Centre 
    59. Ikaheng HR Services Pty Ltd 
    60. Ikamvelihle Youth Development (Pty) Ltd 
    61. Imbewu Development Institute (Pty) Ltd 
    62. IMPALA PLATINUM SERVICES LTD 
    63. Intuthuko Yesizwe Community Organisation 
    64. Inyapa Vhusiku Consulting Pty Ltd 
    65. IQ Skills Academy (PTY) LTD. 
    66. Ithemba Lomphakathi Community Organisation 
    67. Jazz Expression 
    68. Khazimula Diamond (Pty) Ltd 
    69. KHUTALA MINING SERVICES PL 
    70. Kingdom Varsity College (Pty) Ltd 
    71. KROONDAL OPERATIONS (PTY) LTD 
    72. Kuhlemaphitha Trading (Pty) Ltd 
    73. Kumba Sishen HRD Centre 
    74. Kusabelele Investments 
    75. Kwamahlati Training Services cc 
    76. Learncorp 
    77. Legal Environment Safety & Health Requirements cc 
    78. Lembede Investment Holdings (Pty) Ltd 
    79. Letaba TVET College 
    80. Lisakhanya Skills Development Consultants (Pty) Ltd 
    81. Liston Agri Solution & Training Consultancy 
    82. LLSM (Pty) Ltd 
    83. Longata Consultant 
    84. LYNAZY RESOURCES 
    85. Maab Training Management ( Pty) Ltd 
    86. Makwedeng Training 
    87. Malitinne (Pty) Ltd 
    88. MATHOME TRAINING AND DEVELOPMENT (PTY) LTD 
    89. Mavco Engineering (Pty) Ltd 
    90. Maxlen Holdings (Pty) Ltd 
    91. Mberwana Trading Enterprise 
    92. Mearnsii Trading cc 
    93. Media Works 
    94. Mgadaveni Training Projects (Pty) Ltd 
    95. MINERAL MINING TRAINING INSTITUTE(PTY) LTD 
    96. Mlasimbi Catering Primary Co-operative Limited 
    97. MMBG Trading & Consulting 
    98. MORTERBOARD TRAINING SOLUTIONS (PTY) LTD 
    99. Mphahle Consultancy (Pty) Ltd 
    100. Mukwevho Training and Development 
    101. MURRAY & ROBERTS CEMENTATION (PTY)LTD 
    102. New Business Initiative Management Consultancy 
    103. Ngcebo Consulting (Pty) Ltd 
    104. Nikwe Trading (Pty) Ltd 
    105. Nkulungwane General Trader cc 
    106. Nolwazi Dev Centre (Pty) Ltd 
    107. Nomzumbe Trading & Projects (Pty) Ltd 
    108. NORTHAM PLATINUM LTD 
    109. NOSA LOGISTICS PTY LTD 
    110. Nosino Projects (Pty) Ltd 
    111. Nqothu Projects (PTY) LTD 
    112. Nteko Investments 
    113. Ntuthuko Projects & Services 
    114. Nurture-Nature Resources (Pty) Ltd 
    115. Nurtured Minds Trading (Pty) Ltd 
    116. Optimum Capacity (Pty) Ltd 
    117. Oyama Kulwazi Training & Consulting (Pty) Ltd 
    118. PALABORA COPPER (PTY) LTD 
    119. Pectosource (Pty) Ltd 
    120. Pesac Professional Training (Pty) Ltd 
    121. Phambile Skills Training (Pty) Ltd 
    122. Phetho Concepts (Pty) Ltd 
    123. Pinus Tech Technologies Trading and Projects 
    124. Platorand Training Centre 
    125. PPC LTD SANDTON OFFICE 
    126. Premier Agric (Pty) Ltd 
    127. Prempie Business Solutions (Pty) Ltd 
    128. Prispiri (Pty) Ltd 
    129. Professional Development and Training Institute (Pty) Ltd 
    130. PROGRESSIVE TRAINING DEVELOPMENT AND PROJECTS (PTY) LTD 
    131. Qualfurn Training & Projects 
    132. Rally Business Consulting PTY LTD 
    133. Rekopane Training Centre CC 
    134. RICHARDS BAY MINING PTY LTD 
    135. RJM Investments 
    136. Royal Express 
    137. Russel Meaker cc 
    138. Rustenburg Platinum Mines - Union Section 
    139. Safe Heavens Properties (Pty) Ltd 
    140. Seacrest Investments 156 (Pty) Ltd 
    141. SHAFT SINKERS MINING PTY LTD 
    142. Sibalwethu Consultants (Pty) Ltd 
    143. SIBANYE GOLD ACADEMY PROPRIETARY LIMITED 
    144. SIBANYE GOLD LIMITED - BEATRIX DIVISION 
    145. SIBANYE GOLD LIMITED - KLOOF DIVISION 
    146. SIBANYE RUSTENBURG PLATINUM MINES PTY LTD 
    147. Silalele Consultants (Pty) Ltd 
    148. SIYANDA BAKGATLA PLATINUM MINE 
    149. Skills For Life 
    150. Sko Group (Pty) Ltd 
    151. South African Forestry Training College 
    152. SPLS Consultants (Pty) Ltd 
    153. Sunrise Skills Training 
    154. Take Note Trading 227 cc 
    155. TBL Empowerment Hub 
    156. ThabileTrade 1054 cc 
    157. The Brokers Learning Centre 
    158. Thunderflex3 Pty (Ltd) 
    159. TIBZA Consulting (Pty) Ltd 
    160. Tirhani SkillsTraining Pty Ltd 
    161. Tiriso Investments 
    162. Train Learn and Develop Ltd 
    163. TRAIN THE NATION AND ASSOCIATES (PTY) LTD 
    164. TRY EASY ELECTRICAL SOLUTIONS 
    165. Ubucubu Home Industries 
    166. Udumo Training & Develoment (Pty) Ltd 
    167. Ukubhukuda Trading & Projects 165 
    168. UL Projects (Pty) Ltd 
    169. Umbuso Training Services 
    170. Umgano Foundation (NPC) 
    171. Umlozi Skills Centre (Pty) Ltd 
    172. Uphiwekonke Holdings (Pty) Ltd 
    173. Valotech 274 (Pty) Ltd 
    174. Value at Hand (Pty) Ltd 
    175. VEB CELE & Associates (Pty) Ltd 
    176. Verge (Pty) Ltd 
    177. Vicmat Consultants 
    178. VPK BUSINESS VENTURE C C 
    179. Wal Training (Pty) Ltd 
    180. Warona Owethu Projects (Pty) Ltd 
    181. WESTERN PLATINUM MINE 
    182. Westrand Graduate Institute Training and Engineering (Pty) Ltd 
    183. Wilratty Consultants (Pty) Ltd 
    184. Womens Leadership & Empowerment Initiative 
    185. World Pace Development & Training Institute (Pty) Ltd 
    186. Xhamela Development Services 
    187. Yangantle Trading 
    188. York Timbers Pty Ltd 
    189. ZUCRO PROJECT 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.