SAQA

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SOUTH AFRICAN QUALIFICATIONS AUTHORITY

REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE:

Demonstrate knowledge and insight into current affairs in the financial services sector

SAQA US ID	UNIT STANDARD TITLE
14529	Demonstrate knowledge and insight into current affairs in the financial services sector
ORIGINATOR
SGB Financial Services
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	5
REGISTRATION STATUS		REGISTRATION START DATE	REGISTRATION END DATE	SAQA DECISION NUMBER
Passed the End Date - Status was "Registered"		2003-08-13	2005-10-12	SAQA 0249/03
LAST DATE FOR ENROLMENT		LAST DATE FOR ACHIEVEMENT
2006-10-12		2009-10-12

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
120075	Demonstrate insight into current affairs in the Financial Services sector	Level 5	Level TBA: Pre-2009 was L5	10

PURPOSE OF THE UNIT STANDARD

This Unit Standard is intended to promote an in-depth knowledge and understanding of current affairs in the financial services sector in order to ensure knowledgeable and informed workers. It requires the application of knowledge and interpretation of current affairs and provides an opportunity for the learner to integrate theory and practice and to engage in thinking processes at a high level.

The qualifying learner is capable of:

Analysing the impact of changes in financial indicators on financial markets.

Analysing issues related to corporate governance and ethics.

Analysing corporate events and the potential impact on the financial services industry.

Identifying commentators and analysts in the industry and the potential impact of their opinions on the market.

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING

There is open access to this Unit Standard. Learners should be competent in Communication and Mathematical Literacy and Financial Literacy at NQF Level 4.

UNIT STANDARD RANGE

The typical scope of this Unit Standard is:

Articles from business journals and publications, news from printed or electronic media.

Typical corporate events include, but are not limited to mergers, acquisitions, capitalisation, management changes, unemployment and the use of technology.

Specific Outcomes and Assessment Criteria:

SPECIFIC OUTCOME 1

Analyse the impact of changes in financial indicators on financial markets.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. Three global financial indicators are tracked over a period of six months and the changes are recorded graphically.

ASSESSMENT CRITERION 2

2. The expected effect of changes in three global financial indicators on the financial markets is explained with examples.

ASSESSMENT CRITERION 3

3. Three domestic financial indicators are tracked over a period of six months and the changes are recorded graphically.

ASSESSMENT CRITERION 4

4. The expected effect of changes in three domestic indicators on the financial markets is explained with examples.

ASSESSMENT CRITERION 5

5. Three global, legal, political and/or socio-economic events that could impact on the financial markets are selected and analysed in terms of the potential impact.

ASSESSMENT CRITERION 6

6. The impact of a selected global event is interpreted in terms of the potential impact on South Africa.

SPECIFIC OUTCOME 2

Analyse issues related to corporate governance and ethics.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. Positive examples of corporate governance and ethics are identified from the media and an opinion is expressed and substantiated on the merits of each case.

ASSESSMENT CRITERION 2

2. Negative examples of corporate governance and ethics are identified from the media and an opinion is expressed and substantiated on the merits of each case.

SPECIFIC OUTCOME 3

Analyse corporate events and the potential impact on the financial services industry.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. Three typical current events are identified and discussed with reference their potential impact on the financial services sector.

ASSESSMENT CRITERION 2

2. Three typical current events are identified and discussed with reference to how each could impact on a specific organisation.

SPECIFIC OUTCOME 4

Identify commentators and analysts in the industry.

OUTCOME NOTES

Identify commentators and analysts in the industry and the potential impact of their opinions on the market.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

1. Regular contributors to financial columns are named and an opinion is expressed and substantiated on the credibility of each commentator or analyst.

ASSESSMENT CRITERION 2

2. A commentary is analysed to identify comments for and against an issue.

ASSESSMENT CRITERION 3

3. The potential impact of the commentator's opinion on the market is identified for three selected events.

ASSESSMENT CRITERION 4

4. A substantiated opinion is expressed on the validity of a commentary based on comparison with similar commentaries and the credibility of the writer.

ASSESSMENT CRITERION 5

5. An issue is tracked over a period of three months and an indication is given of changes in opinion on the issue during that period.

UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS

This Unit Standard will be internally assessed by the provider and moderated by a moderator registered by INSQA or a relevant accredited ETQA. The mechanisms and requirements for moderation are contained in the document obtainable from INSQA (INSQA framework for assessment and moderation).

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE

N/A

UNIT STANDARD DEVELOPMENTAL OUTCOME

N/A

UNIT STANDARD LINKAGES

N/A

Critical Cross-field Outcomes (CCFO):

UNIT STANDARD CCFO IDENTIFYING

The learner is able to identify and solve problems in which responses show that responsible decisions using critical and creative thinking have been made in expressing and substantiating opinions on current events in the sector.

UNIT STANDARD CCFO ORGANISING

The learner is able to organise and manage him/herself and his/her activities responsibly and effectively in collecting and organising a portfolio of evidence for the assessment of this Unit Standard.

UNIT STANDARD CCFO COLLECTING

The learner is able to collect, organise and evaluate information when tracking changes in indicators, analysing events and commentaries and tracking changes in opinions on an issue.

UNIT STANDARD CCFO COMMUNICATING

The learner is able to communicate effectively using visual, mathematics and language skills when presenting the findings of his/her research and recording changes in financial indicators graphically.

UNIT STANDARD CCFO SCIENCE

The learner is able to use science and technology effectively and critically showing responsibility towards the environment and the health of others in accessing information from electronic media to substantiate an argument.

UNIT STANDARD CCFO DEMONSTRATING

The learner is able to demonstrate an understanding of the world as a set of related systems in selecting and analysing events and their potential impact on the financial markets.

UNIT STANDARD CCFO CONTRIBUTING

The learner is able to explore a variety of strategies of learning when gathering information from a broad spectrum of media.

UNIT STANDARD ASSESSOR CRITERIA

Assessment:

Portfolio assessment over a period of six months is required for this Unit Standard.

UNIT STANDARD NOTES

This unit standard has been replaced by unit standard 120075, which is "Demonstrate insight into current affairs in the Financial Services sector", Level 5, 10 credits.

QUALIFICATIONS UTILISING THIS UNIT STANDARD:

	ID	QUALIFICATION TITLE	PRE-2009 NQF LEVEL	NQF LEVEL	STATUS	END DATE	PRIMARY OR DELEGATED QA FUNCTIONARY
Fundamental	23973	National Certificate: Financial Services: Wealth Management	Level 5	Level TBA: Pre-2009 was L5	Passed the End Date - Status was "Registered"	2006-08-13	Was INSETA until Last Date for Achievement
Elective	49021	Further Education and Training Certificate: Debt Recovery	Level 4	NQF Level 04	Passed the End Date - Status was "Reregistered"	2023-06-30	FASSET

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.

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