SAQA

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SOUTH AFRICAN QUALIFICATIONS AUTHORITY

REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE:

Interpret the impact of macro economic decisions or indicators on a business environment

SAQA US ID	UNIT STANDARD TITLE
14512	Interpret the impact of macro economic decisions or indicators on a business environment
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 6	Level TBA: Pre-2009 was L6	5
REGISTRATION STATUS		REGISTRATION START DATE	REGISTRATION END DATE	SAQA DECISION NUMBER
Passed the End Date - Status was "Registered"		2003-08-13	2006-08-13	SAQA 0249/03
LAST DATE FOR ENROLMENT		LAST DATE FOR ACHIEVEMENT
2007-08-13		2010-08-13

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
230079	Interpret the impact of macro economic decisions or indicators on a business environment	Level 6	Level TBA: Pre-2009 was L6	5

PURPOSE OF THE UNIT STANDARD

This Unit Standard is intended for learners who are required to have a sound knowledge of the impact of the macro economic decisions on the areas of business affected by the macro environment. It will be useful for product developers, learners in marketing and compliance and intermediaries.

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.

Appling trends in the economic environment to a specific financial organisation.

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, Mathematical Literacy and Financial Literacy at NQF Level 4.

UNIT STANDARD RANGE

Areas of business affected by changes in the macro environment include, but are not limited to, products, marketing, systems administration and the management of client relationships.

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

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

ASSESSMENT CRITERION 2

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.

SPECIFIC OUTCOME 2

Discuss the impact of macro economic decisions on investment strategies in a business environment.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

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

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

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

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

ASSESSMENT CRITERION 2

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

ASSESSMENT CRITERION 3

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 organization.

ASSESSMENT CRITERIA

ASSESSMENT CRITERION 1

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

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

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.

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 thinking have been made in applying trends in the economic environment to a specific business.

UNIT STANDARD CCFO COLLECTING

The learner is able to collect, organise and critically evaluate information in using economic indicators to determine the current economic cycle and forecast future directions.

UNIT STANDARD ASSESSOR CRITERIA

N/A

UNIT STANDARD NOTES

This unit standard has been replaced by unit standard 230079, 'Interpret the impact of macro economic decisions or indicators on a business environment', Level 6, 5 Credits.

QUALIFICATIONS UTILISING THIS UNIT STANDARD:

	ID	QUALIFICATION TITLE	PRE-2009 NQF LEVEL	NQF LEVEL	STATUS	END DATE	PRIMARY OR DELEGATED QA FUNCTIONARY
Fundamental	36437	National Certificate: Local Economic Development	Level 6	Level TBA: Pre-2009 was L6	Passed the End Date - Status was "Reregistered"	2023-06-30	LG SETA
Fundamental	20909	National First Degree: Customer Management	Level 6	Level TBA: Pre-2009 was L6	Passed the End Date - Status was "Reregistered"	2018-06-30
Fundamental	20905	National First Degree: Marketing Communication	Level 6	NQF Level 07	Passed the End Date - Status was "Reregistered"	2023-06-30	As per Learning Programmes recorded against this Qual
Fundamental	20901	National First Degree: Marketing Management	Level 6	Level TBA: Pre-2009 was L6	Passed the End Date - Status was "Reregistered"	2018-06-30
Fundamental	20897	National First Degree: Marketing Research	Level 6	Level TBA: Pre-2009 was L6	Passed the End Date - Status was "Reregistered"	2018-06-30

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.	42020 VISION TRAINING AND CONSULTING (PTY) LTD
2.	Abacwaningi Business Solutions
3.	Abinet Training and Development
4.	Abvaho Phanda Group
5.	Afriwealth Consulting
6.	Amangile Academy (Pty) Ltd
7.	Amaqamu Project Management and Consulting
8.	Amazibuko Business Solutions
9.	Avenida (Pty) Ltd
10.	Basiea Development And Training
11.	Bulwa Minerals Pty Ltd
12.	Bw Khuzwayo Consulting Cc
13.	Camblish Training Institute (Pty) Ltd
14.	Capricon Training Consultants cc
15.	Carbon Black Electronics
16.	CEDROS DEVELOPMENT AND PROJECTS
17.	Centre For Municipal Research And Advice
18.	Change Strategies Consulting Services Cc
19.	Cymbol Consulting(Pty) Ltd.
20.	DALUXOLO HUMAN CAPITAL DEVELOPMENT
21.	DC Academy
22.	Dean Institute Of Learning (Pty) Ltd
23.	Development Bank Of Southern Africa (Dbsa)
24.	DotCentre Business Consulting
25.	E Mali Outsourcing Cc
26.	Edutraining Business College
27.	Ethembeni Multi Service Enterprise (Pty) Ltd
28.	Execuprime Business College (Pty) Ltd
29.	Express Model 405
30.	Gauteng City College
31.	Gauteng City Region Academy (GCRA)
32.	Giamanje Tvet College
33.	Gnl Consulting Services
34.	GOBELA CONSULTING
35.	Growth Management Consulting
36.	Gwala Training Insitute
37.	Hanyeleni Business Enterprise
38.	Heavenly Button Trading Cc
39.	Hlekabo Trading Enterprise
40.	Iale School Of Advanced Learning Education
41.	Imithente Development Holdings
42.	Inkcubeko Yakwantu Trading
43.	Inside Out Group
44.	Institute Of Cooperatives And Community Economic Development
45.	Inzalo Enterprise Management Systems (Pty) Ltd
46.	Isiphephelo Consultants
47.	Jeppe College of Commerce and Computer Studies
48.	Jobafrik Consulting
49.	Josmap Training Institute
50.	K Boneng Consulting Services
51.	K Shabangu Fet College
52.	KALIDEEN MANAGEMENT SERVICES
53.	KAREUBO MANAGEMENT SYSTEMS
54.	Khatheo Trading And Projects (Pty) Ltd
55.	KHOSITHI TRAINING
56.	Khula Nonke Training & Development
57.	Kia Chuma
58.	Letlhokoa Management Services Cc
59.	Lewerb Holdings (Pty) Ltd
60.	Limsa Training Institute
61.	Liyagubha Trading Pty Ltd
62.	Lorrainee Trading Enterprise
63.	Luminous Coaching And Wellness
64.	Makaota Training Consultants
65.	Mamuhle Academy
66.	Manpower Skills Academy
67.	Marematlou Training Institute
68.	Masemase Consultancy Cc.
69.	MASM Trading Enterprise (Pty) Ltd
70.	Matepe Investments (Pty) Ltd
71.	Mathaveiya Skills Enhancement
72.	Mc Intosh Xaba And Associates (Mxa)
73.	Meyiswa Training Academy
74.	Mfanayashinga Pty Ltd
75.	Mgwezane Training And Events Management Cc.
76.	Microzone Training CC
77.	Mml Consulting Cc.
78.	Moeketsi Supply Chain
79.	Mohlaje Solutions (Pty) Ltd
80.	Mortarboard Training Solutions
81.	Muhangwene Development Enterprise
82.	Myeza Trading Enterprise
83.	Ndotha General Trading
84.	Nedtex73
85.	Panafrican Supply Chain Academy
86.	Pfim Trading (Pty) Ltd
87.	Pma Holdings (Pty ) Ltd.
88.	Progressive School Of Business And Engineering (Pty)
89.	Ptdev (Pty) Ltd
90.	Reflections Development Institute
91.	Shirs Vision Compleadev (Pty) Ltd
92.	Simangasentso Enterprise
93.	Smartkip
94.	South African Institute of Learning (SAIL)
95.	South African Business and Technology Institute
96.	Spectrium
97.	Starplex 489 cc
98.	Tachfin Holdings
99.	Tembe Service Providers
100.	Thinking Mind Trading
101.	Thubelihle Graduate Institute
102.	Thuto Lere Community Empowerment Programme
103.	Training At Work (Pty) Ltd
104.	Transafric Consulting Pty Ltd
105.	Tshwane College of Commerce and Computer Studies
106.	Umqondo Business College
107.	University of Venda
108.	Ursivox Interactive Systems
109.	Vantage Training
110.	Vicmat Consultants
111.	Vumilia Africa Group
112.	World Pace Development And Training Institute
113.	Ya Hina Management Consulting And Projects