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: 

Applying advanced business principles 
SAQA US ID UNIT STANDARD TITLE
8043  Applying advanced business principles 
ORIGINATOR
SGB Transport and Logistics Operations 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 11 - Services Transport, Operations and Logistics 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 5  Level TBA: Pre-2009 was L5  20 
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 
A learner accredited with this standard will be able to understand and effectively apply business principles to planning, leading, organising and controlling freight handling operations efficiently in a competitive business environment. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
National Certificate in Freight Handling, or equivalent at NQF 3. 

UNIT STANDARD RANGE 
The applied competence expressed in this standard cover a variety of routine and non-routine activities requiring the determination of appropriate methods and procedures in response to a range of concrete and abstract problems. The learner has full responsibility for the quality and nature of outcome and possible responsibility for the achievement of group output within broad, general guidelines or functions. 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Develop a budget using reported and forecast information. 
OUTCOME NOTES 
Develop a budget using reported and forecast information, taking cognisance of company goals and strategy. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Explain the role of budgets, forecasts, financial reports, profit and loss and income statements, in financial planning and control. 

ASSESSMENT CRITERION 2 
2. Explain the role of strategic and operational plans. 

ASSESSMENT CRITERION 3 
3. Develop and present budgets, forecasts, reports, and strategic and operational plans for a business unit in a simulated environment. 

ASSESSMENT CRITERION 4 
4. Explain the need for maintaining competitive advantage and show understanding of factors affecting quality customer service. 

ASSESSMENT CRITERION 5 
5. Demonstrate an understanding of capital budgeting concepts (risk and the time value of money) and techniques, and the ability to take investment decisions based on these techniques. 

ASSESSMENT CRITERION 6 
6. Demonstrate an understanding of the implications of current legislation on application of business principles. 

ASSESSMENT CRITERION 7 
7. Demonstrate an understanding of management accounting concepts and techniques, and the ability to take operational decisions based on these techniques in a simulated environment. 

SPECIFIC OUTCOME 2 
Develop strategic plans. 
OUTCOME NOTES 
Develop strategic plans which take cognisance of the impact of changes to labour practices and legislation, technology, local and international customer requirements and market trends. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Explain the role of budgets, forecasts, financial reports, profit and loss and income statements, in financial planning and control. 

ASSESSMENT CRITERION 2 
2. Explain the role of strategic and operational plans. 

ASSESSMENT CRITERION 3 
3. Develop and present budgets, forecasts, reports, and strategic and operational plans for a business unit in a simulated environment. 

ASSESSMENT CRITERION 4 
4. Explain the need for maintaining competitive advantage and show understanding of factors affecting quality customer service. 

ASSESSMENT CRITERION 5 
5. Demonstrate an understanding of capital budgeting concepts (risk and the time value of money) and techniques, and the ability to take investment decisions based on these techniques. 

ASSESSMENT CRITERION 6 
6. Demonstrate an understanding of the implications of current legislation on application of business principles. 

ASSESSMENT CRITERION 7 
7. Demonstrate an understanding of management accounting concepts and techniques, and the ability to take operational decisions based on these techniques in a simulated environment. 

SPECIFIC OUTCOME 3 
Translate strategy into effective operational programs. 
OUTCOME NOTES 
Translate strategy into effective operational programs to enhance productivity and competitive advantage. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Explain the role of budgets, forecasts, financial reports, profit and loss and income statements, in financial planning and control. 

ASSESSMENT CRITERION 2 
2. Explain the role of strategic and operational plans. 

ASSESSMENT CRITERION 3 
3. Develop and present budgets, forecasts, reports, and strategic and operational plans for a business unit in a simulated environment. 

ASSESSMENT CRITERION 4 
4. Explain the need for maintaining competitive advantage and show understanding of factors affecting quality customer service. 

ASSESSMENT CRITERION 5 
5. Demonstrate an understanding of capital budgeting concepts (risk and the time value of money) and techniques, and the ability to take investment decisions based on these techniques. 

ASSESSMENT CRITERION 6 
6. Demonstrate an understanding of the implications of current legislation on application of business principles. 

ASSESSMENT CRITERION 7 
7. Demonstrate an understanding of management accounting concepts and techniques, and the ability to take operational decisions based on these techniques in a simulated environment. 

SPECIFIC OUTCOME 4 
Improve the organisational design and structure. 
OUTCOME NOTES 
Improve the organisational design and structure to enhance productivity and quality of service in a competitive business environment. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Explain the role of budgets, forecasts, financial reports, profit and loss and income statements, in financial planning and control. 

ASSESSMENT CRITERION 2 
2. Explain the role of strategic and operational plans. 

ASSESSMENT CRITERION 3 
3. Develop and present budgets, forecasts, reports, and strategic and operational plans for a business unit in a simulated environment. 

ASSESSMENT CRITERION 4 
4. Explain the need for maintaining competitive advantage and show understanding of factors affecting quality customer service. 

ASSESSMENT CRITERION 5 
5. Demonstrate an understanding of capital budgeting concepts (risk and the time value of money) and techniques, and the ability to take investment decisions based on these techniques. 

ASSESSMENT CRITERION 6 
6. Demonstrate an understanding of the implications of current legislation on application of business principles. 

ASSESSMENT CRITERION 7 
7. Demonstrate an understanding of management accounting concepts and techniques, and the ability to take operational decisions based on these techniques in a simulated environment. 

SPECIFIC OUTCOME 5 
Plan and control business systems. 
OUTCOME NOTES 
Plan and control business systems and procedures to facilitate routine activities and the provision of risk management systems. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Explain the role of budgets, forecasts, financial reports, profit and loss and income statements, in financial planning and control. 

ASSESSMENT CRITERION 2 
2. Explain the role of strategic and operational plans. 

ASSESSMENT CRITERION 3 
3. Develop and present budgets, forecasts, reports, and strategic and operational plans for a business unit in a simulated environment. 

ASSESSMENT CRITERION 4 
4. Explain the need for maintaining competitive advantage and show understanding of factors affecting quality customer service. 

ASSESSMENT CRITERION 5 
5. Demonstrate an understanding of capital budgeting concepts (risk and the time value of money) and techniques, and the ability to take investment decisions based on these techniques. 

ASSESSMENT CRITERION 6 
6. Demonstrate an understanding of the implications of current legislation on application of business principles. 

ASSESSMENT CRITERION 7 
7. Demonstrate an understanding of management accounting concepts and techniques, and the ability to take operational decisions based on these techniques in a simulated environment. 

SPECIFIC OUTCOME 6 
Decide on investment and capital expenditure. 
OUTCOME NOTES 
Decide on investment and capital expenditure based on the results of financial analyses of Net Present Value (NPV) and Internal Rate of Return (IRR). 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Explain the role of budgets, forecasts, financial reports, profit and loss and income statements, in financial planning and control. 

ASSESSMENT CRITERION 2 
2. Explain the role of strategic and operational plans. 

ASSESSMENT CRITERION 3 
3. Develop and present budgets, forecasts, reports, and strategic and operational plans for a business unit in a simulated environment. 

ASSESSMENT CRITERION 4 
4. Explain the need for maintaining competitive advantage and show understanding of factors affecting quality customer service. 

ASSESSMENT CRITERION 5 
5. Demonstrate an understanding of capital budgeting concepts (risk and the time value of money) and techniques, and the ability to take investment decisions based on these techniques. 

ASSESSMENT CRITERION 6 
6. Demonstrate an understanding of the implications of current legislation on application of business principles. 

ASSESSMENT CRITERION 7 
7. Demonstrate an understanding of management accounting concepts and techniques, and the ability to take operational decisions based on these techniques in a simulated environment. 

SPECIFIC OUTCOME 7 
Use information and choose forecasting methods to develop appropriate forecasts. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Explain the role of budgets, forecasts, financial reports, profit and loss and income statements, in financial planning and control. 

ASSESSMENT CRITERION 2 
2. Explain the role of strategic and operational plans. 

ASSESSMENT CRITERION 3 
3. Develop and present budgets, forecasts, reports, and strategic and operational plans for a business unit in a simulated environment. 

ASSESSMENT CRITERION 4 
4. Explain the need for maintaining competitive advantage and show understanding of factors affecting quality customer service. 

ASSESSMENT CRITERION 5 
5. Demonstrate an understanding of capital budgeting concepts (risk and the time value of money) and techniques, and the ability to take investment decisions based on these techniques. 

ASSESSMENT CRITERION 6 
6. Demonstrate an understanding of the implications of current legislation on application of business principles. 

ASSESSMENT CRITERION 7 
7. Demonstrate an understanding of management accounting concepts and techniques, and the ability to take operational decisions based on these techniques in a simulated environment. 


UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
1. Anyone assessing a learner against this unit standard must be registered as an assessor with the relevant ETQA.

2. Any institution offering learning that will enable achievement of this unit standard must be registered with the FE/HE Registrar and the programs offered by this institution must be accredited with the relevant ETQA.

3. Moderation of assessment will be done by the relevant ETQA at its discretion. 

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
The learner can understand, explain and apply:

1. The need to align personal, divisional and corporate goals and objectives.

2. Fundamental financial analysis using contemporary methods.

3. The principles of strategic planning and the implications of local and global trends on strategy formulation.

4. Quality assurance and the importance of responding to customer needs to ensure satisfaction.

5. Organisational and job design, taking into account industry and company requirements.

6. General knowledge of legislation and statutory requirements pertaining to business practices (e.g. tax and IR).

7. The principles of management in a business environment.

8. The effective use of information technology to enhance profitability.

9. Generally accepted accounting principles and how to read and interpret financial statements.

10. Budgeting techniques and procedures, and management accounting principles and techniques (e.g. cost/volume/profit relationships, marginal analysis etc.).

11. The principles of the integration of human resources, operational, marketing and financial planning.

12. The impact of current legislation (e.g. Employment Equity Act, Skills Levy Act) on operations and profitability. 


Critical Cross-field Outcomes (CCFO): 

UNIT STANDARD CCFO IDENTIFYING 
Identify and solve potential problems to improve to rerouting systems and procedures and organisational structures and design. 

UNIT STANDARD CCFO COLLECTING 
Analyse and critically evaluate budget variances.

Analyse and critically evaluate company strategy and developing a vision and objectives with the team and formulating a strategy to achieve that.

Collect, analyse, organise and critically evaluate information required for the production of forecasts, financial analyses, report and recommendations, including investment decisions. 

REREGISTRATION HISTORY 
As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
  ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
Fundamental  49469   National Diploma: Complex Procurement  Level 5  NQF Level 05  Passed the End Date -
Status was "Reregistered" 
2012-06-30   
Fundamental  14590   National Diploma: Freight Handling Logistics  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
Status was "Reregistered" 
2007-06-14  Was TETA until Last Date for Achievement 


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. Africa Training Centre 
2. Algoa Bus Company 
3. Buscor 
4. Golden Arrow Bus Services_pty Ltd 
5. He and She Driver Training Centre 
6. Ikaheng HR Services Pty Ltd 
7. Makwedeng Training 
8. Phephani Learnerships cc 
9. Primeserv Corporate Solutions (Pty) Ltd 
10. PUTCO Limited 
11. PUTCO Pty Ltd 
12. SA Maritime School and Transport College 



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.