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: 

Manage personal finances 
SAQA US ID UNIT STANDARD TITLE
243189  Manage personal finances 
ORIGINATOR
SGB Hygiene & Cleaning Services 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 11 - Services Cleaning, Domestic, Hiring, Property and Rescue Services 
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
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 replaces: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
12509  Manage personal finances  Level 1  NQF Level 01   

PURPOSE OF THE UNIT STANDARD 
Learners credited with this unit standard are able to manage personal finances.

Qualifying learners are able to:
  • Understand personal finance.
  • Plan and prepare a personal budget.
  • Operate a personal bank account. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that learners are competent in:
  • Communication at ABET Level 3.
  • Mathematical Literacy at ABET Level 3. 

  • UNIT STANDARD RANGE 
  • The scope of this unit standard is for any person who needs to manage his or her personal finances.
  • In the context of this unit standard, personal finances includes, but is not limited to, earnings, other income, inflation, savings, financial planning, taxes, expenditure, statutory and other deductions. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Understand personal finance. 
    OUTCOME RANGE 
    Range includes, but is not limited to, earnings, other income, inflation, savings, financial planning, taxes, expenditure, statutory and other deductions. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Personal finance is explained in terms of day to day life. 

    ASSESSMENT CRITERION 2 
    The difference between personal income and expenditure is explained in terms of basic financial principles. 

    ASSESSMENT CRITERION 3 
    The reasons for personal financial planning is explained in terms of maintaining financial stability. 

    SPECIFIC OUTCOME 2 
    Plan and prepare a personal budget. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Sources of income are explained in a personal context. 

    ASSESSMENT CRITERION 2 
    Payslips are interpreted in terms of income, deductions, gross and net pay. 

    ASSESSMENT CRITERION 3 
    The difference between a fixed and a variable expense is explained in terms of basic financial principles. 

    ASSESSMENT CRITERION 4 
    The difference between a need and a want is explained in terms of managing financial stability. 

    ASSESSMENT CRITERION 5 
    Different methods of financing purchases are explained in terms of advantages and disadvantages in accordance with basic financial principles. 
    ASSESSMENT CRITERION RANGE 
    Range of methods of financing purchases includes, but is not limited to, cash, loan, lay-by, terms, credit card.
     

    ASSESSMENT CRITERION 6 
    A personal budget is drawn up to assess current financial status and manage financial stability. 

    ASSESSMENT CRITERION 7 
    The reasons for financial discipline are explained in terms of managing financial stability. 

    SPECIFIC OUTCOME 3 
    Operate a personal bank account. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The different accounts and services available at banks are explained in terms of managing personal finance. 

    ASSESSMENT CRITERION 2 
    Banking documents are completed in accordance with banking requirements. 
    ASSESSMENT CRITERION RANGE 
    Range could include, but is not limited to, account application forms, deposit slips, withdrawal slips, request for statement, cheques.
     

    ASSESSMENT CRITERION 3 
    The reasons for keeping a record of banking transactions is explained in terms of managing personal finance. 

    ASSESSMENT CRITERION 4 
    The reasons for taking care when doing banking transactions and handling cash is explained in terms of safety and managing personal finances. 
    ASSESSMENT CRITERION RANGE 
    Range of banking transactions and handling cash includes, but is not limited to, use of an ATM, cash and till points.
     

    ASSESSMENT CRITERION 5 
    The safe use of Personal Identification Numbers (PINs), passwords and credit/debit cards is explained in terms of good banking principles. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Any institution or provider offering learning that will enable achievement of this unit standard must be accredited by the relevant ETQA.
  • Anyone assessing a learner against this unit standard must be a constituent assessor registered with the relevant ETQA.
  • Both internal and external moderation of the assessment will be quality assured by the relevant ETQA. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • Basic financial principles.
  • Good banking principles. 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems that might occur during the management of personal finances such as reducing expenditure. 

    UNIT STANDARD CCFO ORGANISING 
    Organize and manage oneself and one's activities responsibly and effectively whilst managing personal finances. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, organise and evaluate information relating to bank documents. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of related systems by recognising the importance of financial planning. 

    UNIT STANDARD CCFO CONTRIBUTING 
    Contribute to the full personal development of each learner and the social and economic development of society at large by:
  • Participating as a responsible citizen in the life of local, national and global communities by implementing sound management of personal finances. 

  • 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 
    This unit standard replaces unit standard 12509, " Manage personal finances ", Level 1, 8 credits. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  61755   General Education and Training Certificate: Business Practice  Level 1  NQF Level 01  Reregistered  2023-06-30  SERVICES 
    Core  57937   General Education and Training Certificate: Hygiene and Cleaning  Level 1  NQF Level 01  Reregistered  2023-06-30  SERVICES 
    Core  80786   National Certificate: Home-Care Practices  Level 2  NQF Level 02  Reregistered  2023-06-30  SERVICES 
    Elective  65969   General Education and Training Certificate: Human Settlements Development  Level 1  NQF Level 01  Reregistered  2023-06-30  CETA 
    Elective  66269   General Education and Training Certificate: Lumber Milling  Level 1  NQF Level 01  Reregistered  2023-06-30  FPMSETA 
    Elective  59300   General Education and Training Certificate: Transport  Level 1  NQF Level 01  Reregistered  2023-06-30  TETA 
    Elective  20183   National Certificate: Banking  Level 2  NQF Level 02  Passed the End Date -
    Status was "Reregistered" 
    2015-06-30  BANKSETA 
    Elective  65789   National Certificate: Construction Plant Operations  Level 2  NQF Level 02  Reregistered  2023-06-30  CETA 
    Elective  58860   National Certificate: Electro-Mechanical Winding  Level 2  NQF Level 02  Reregistered  2023-06-30  MERSETA 
    Elective  66312   National Certificate: Lumber Milling  Level 2  NQF Level 02  Reregistered  2023-06-30  FPMSETA 


    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. AETA Training Solutions 
    2. Agisanang SA Training 
    3. Aldabri 106 Institute for Quality Pty Ltd 
    4. Amokoro Training (PTY) Ltd 
    5. Andebe Training and Skills Development 
    6. Aniathu Trading (Pty) Ltd 
    7. Arden School of Management (Pty) Ltd 
    8. Asikhule Business Consulting and Projects 
    9. Assured Vocational Skills Institute (Pty) Ltd 
    10. Aveng Grinaker -LTA Civil Engineering 
    11. Ayasaphe Trading cc 
    12. Bakgoni Empowerment Centre (Pty) Ltd 
    13. BEULAH AFRICA TRAINING PTY LTD 
    14. Bev Short Training Consultants 
    15. Big Tree Group (Pty) Ltd 
    16. Bold Venture Trading (Pty) Ltd 
    17. Bullet Proofing Technology Pty Ltd 
    18. Chippa Training Academy (Pty) Ltd 
    19. Circleway College 
    20. CMO Logistics Pty Ltd 
    21. Coastal Kzn F.E.T. College - Swinton Road Campus 
    22. Compuscan Academy 
    23. Cradle Stars Trading Enterprise (Pty) Ltd 
    24. CS Hentiq 1121 
    25. Dionysus Skills Development Initiative 
    26. Duzi-Corp 56 
    27. Edu-Wise Group (Pty) Ltd 
    28. Ekurhuleni Artisans & Skills Training Centre (Pty) Ltd 
    29. ETS Emergency Training Solutions (Pty) Ltd 
    30. Faithworks Development Consultants (Pty) Ltd 
    31. Fundakahle Multi-Purpose Co-operative Limited 
    32. Future Discovery Training Academy CC 
    33. Green Enviro & Projects (Pty)Ltd 
    34. GT Design 
    35. He and She Driver Training Centre 
    36. HHO Enterprise 
    37. I Care Resource Centre 
    38. Imperial Logistics & Transport A Div Of Imper 
    39. Innovative Shared Services 
    40. INTERACTIVE TUTOR (PTY) LIMITED 
    41. Intuthuko Yesizwe Community Organisation 
    42. Invest in Yourself 
    43. Ithemba Lomphakathi Community Organisation 
    44. KannDevelop NPC 
    45. Kingdom Varsity College (Pty) Ltd 
    46. KLM Empowered Human Solution Specialists 
    47. Kusabelele Investments 
    48. Kwamahlati Training Services cc 
    49. Lamus Training Academy Pty Ltd 
    50. Learning Exchange Pty (Ltd) 
    51. Legal Environment Safety & Health Requirements cc 
    52. Lembede Investment Holdings (Pty) Ltd 
    53. Letaba TVET College 
    54. LLSM (Pty) Ltd 
    55. Magos Group 
    56. Makwedeng Training 
    57. Malitinne (Pty) Ltd 
    58. MattTest123 
    59. Mberwana Trading Enterprise 
    60. Mearnsii Trading cc 
    61. Mgadaveni Training Projects (Pty) Ltd 
    62. Mlasimbi Catering Primary Co-operative Limited 
    63. Modilete Training 
    64. MORTERBOARD TRAINING SOLUTIONS (PTY) LTD 
    65. Mphahle Consultancy (Pty) Ltd 
    66. Mukwevho Training and Development 
    67. Nedbank Ltd 
    68. New Business Initiative Management Consultancy 
    69. Nikwe Trading (Pty) Ltd 
    70. Nolwazi Dev Centre (Pty) Ltd 
    71. Nomzumbe Trading & Projects (Pty) Ltd 
    72. NOSA LOGISTICS PTY LTD 
    73. Nosino Projects (Pty) Ltd 
    74. Nteko Investments 
    75. Ntuthuko Projects & Services 
    76. Nurture-Nature Resources (Pty) Ltd 
    77. Nurtured Minds Trading (Pty) Ltd 
    78. Optimi Workplace 
    79. Optimum Capacity (Pty) Ltd 
    80. Oyama Kulwazi Training & Consulting (Pty) Ltd 
    81. P and R Development and Training (Pty) Ltd 
    82. Pectosource (Pty) Ltd 
    83. Phambile Skills Training (Pty) Ltd 
    84. Platorand Training Centre 
    85. Premier Agric (Pty) Ltd 
    86. Prempie Business Solutions (Pty) Ltd 
    87. Primeserv Corporate Solutions (Pty) LTD 
    88. Prispiri (Pty) Ltd 
    89. Professional Development and Training Institute (Pty) Ltd 
    90. Qualfurn Training & Projects 
    91. Redefined Skills Training & Development (Pty) Ltd 
    92. RJM Investments 
    93. Royal Express 
    94. Seacrest Investments 156 (Pty) Ltd 
    95. SETSMOL ENTERPRISE CC 
    96. Sibalwethu Consultants (Pty) Ltd 
    97. Silalele Consultants (Pty) Ltd 
    98. Skill Tech Solutions 
    99. Skills For Life 
    100. Southern Charter Financial Services 
    101. Staffing Logistics 
    102. Sunrise Skills Training 
    103. Take Note Trading 227 cc 
    104. TEST 3_18 March 2019 
    105. TEST 4 
    106. ThabileTrade 1054 cc 
    107. The Brokers Learning Centre 
    108. The Skills Development Corporation Private 
    109. Thunderflex3 Pty (Ltd) 
    110. Tirhani SkillsTraining Pty Ltd 
    111. Tiriso Investments 
    112. Train Learn and Develop Ltd 
    113. Ubucubu Home Industries 
    114. Udumo Training & Develoment (Pty) Ltd 
    115. Ukubhukuda Trading & Projects 165 
    116. Umgano Foundation (NPC) 
    117. Umlozi Skills Centre (Pty) Ltd 
    118. Valotech 274 (Pty) Ltd 
    119. VEB CELE & Associates (Pty) Ltd 
    120. Westrand Graduate Institute Training and Engineering (Pty) Ltd 
    121. Wilratty Consultants (Pty) Ltd 
    122. World Pace Development & Training Institute (Pty) Ltd 
    123. Yangantle Trading 
    124. Yenza Umehluko/ Make a Difference 
    125. York Timbers Pty Ltd 



    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.