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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 basic personal finance |
| SAQA US ID | UNIT STANDARD TITLE | |||
| 9268 | Manage basic personal finance | |||
| ORIGINATOR | ||||
| SGB Air-conditioning Refrigeration and Ventilation | ||||
| PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY | ||||
| - | ||||
| FIELD | SUBFIELD | |||
| Field 06 - Manufacturing, Engineering and Technology | Engineering and Related Design | |||
| ABET BAND | UNIT STANDARD TYPE | PRE-2009 NQF LEVEL | NQF LEVEL | CREDITS |
| Undefined | Regular | Level 2 | NQF Level 02 | 6 |
| REGISTRATION STATUS | REGISTRATION START DATE | REGISTRATION END DATE | SAQA DECISION NUMBER | |
|
Passed the End Date - Status was "Reregistered" |
2018-07-01 | 2023-06-30 | SAQA 06120/18 | |
| LAST DATE FOR ENROLMENT | LAST DATE FOR ACHIEVEMENT | |||
| 2026-06-30 | 2029-06-30 | |||
| 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 |
| To create a better understanding of the value of the money a person earns, be able to distinguish between needs and wants, understand why taxes need to be paid and what it is used for and be able to draw up his/her own personal budgets using their current pay-slips as guide-line and know how to open a bank account. |
| LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING |
| Basic Mathematics. |
| UNIT STANDARD RANGE |
| Should receive a grant, salary, bursary or wage. Have access to own money. |
| Specific Outcomes and Assessment Criteria: |
| SPECIFIC OUTCOME 1 |
| Understand the value of money in a broad context |
ASSESSMENT CRITERIA |
| ASSESSMENT CRITERION 1 |
| 1. Different major expenses in an individuals life are listed e.g. a house, car. |
| ASSESSMENT CRITERION 2 |
| 2. Different smaller monthly expenses are listed e.g. levies, services. |
| ASSESSMENT CRITERION 3 |
| 3. Different unexpected expenses that can occur are listed, e.g. doctor, accident. |
| ASSESSMENT CRITERION 4 |
| 4. A list with estimated cost per item is compiled. |
| ASSESSMENT CRITERION 5 |
| 5. The listed items are arranged from biggest to smallest amount per month. |
| ASSESSMENT CRITERION 6 |
| 6. The listed items are prioritised from most important (can't survive without it) to least important (nice to have). |
| SPECIFIC OUTCOME 2 |
| Explain current pay-slip or monthly statement of income |
ASSESSMENT CRITERIA |
| ASSESSMENT CRITERION 1 |
| 1. Different items that occur on a pay-slip are listed and explained. |
| ASSESSMENT CRITERION 2 |
| 2. Reasons for different items that occur on a pay-slip are discussed. |
| SPECIFIC OUTCOME 3 |
| Open a bank account |
ASSESSMENT CRITERIA |
| ASSESSMENT CRITERION 1 |
| 1. Different types of financial institutes are listed and discussed. |
| ASSESSMENT CRITERION 2 |
| 2. A general application form to open an account is completed. |
| ASSESSMENT CRITERION 3 |
| 3. The process to open an account is discussed. |
| ASSESSMENT CRITERION 4 |
| 4. An understanding of general interests is demonstrated. |
| SPECIFIC OUTCOME 4 |
| Demonstrate an understanding of ordinary taxes individuals pay in South Africa and distinguish needs |
| OUTCOME NOTES |
| Demonstrate an understanding of ordinary taxes individuals pay in South Africa and distinguish needs and wants. |
ASSESSMENT CRITERIA |
| ASSESSMENT CRITERION 1 |
| 1. Ordinary taxes paid by the individual in South Africa are identified and discussed. |
| ASSESSMENT CRITERION 2 |
| 2. An understanding of why taxes are paid and what it is used for is demonstrated. |
| ASSESSMENT CRITERION 3 |
| 3. The difference between needs and wants of human beings are described. |
| SPECIFIC OUTCOME 5 |
| Budget for one year using current wage/salary/pay-slip as guideline |
ASSESSMENT CRITERIA |
| ASSESSMENT CRITERION 1 |
| 1. All the expenses and planned expenses to be included in the personal budget are identified. |
| ASSESSMENT CRITERION 2 |
| 2. All expenses of the individual are indicated. |
| ASSESSMENT CRITERION 3 |
| 3. The layout of the budget is clear and can be easily read and the difference between income and expenditure is indicated and understood. |
| ASSESSMENT CRITERION 4 |
| 4. A ticklilst to form the control measurement is completed and explained. |
| UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS |
| Any person wishing to be assessed against this unit standard may apply to an assessment agency, assessor or provider institution accredited by the relevant ETQA, who may appoint a moderator to be present at the assessment. |
| UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE |
| The importance of managing personal finance to avoid unnecessary debt and the reasons for paying personal tax. |
| Critical Cross-field Outcomes (CCFO): |
| UNIT STANDARD CCFO COLLECTING |
| Collect, analyse, organise and critically evaluate information:
|
| UNIT STANDARD CCFO CONTRIBUTING |
| Learner and societal development:
|
REREGISTRATION HISTORY |
| As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. |
| UNIT STANDARD NOTES |
| Supplementary information:
Difference between banks and building societies, micro-lenders and stokvels. Current pay slips or monthly statements of income can also be generic. |
| QUALIFICATIONS UTILISING THIS UNIT STANDARD: |
| ID | QUALIFICATION TITLE | PRE-2009 NQF LEVEL | NQF LEVEL | STATUS | END DATE | PRIMARY OR DELEGATED QA FUNCTIONARY | |
| Core | 20719 | National Certificate: Air Conditioning, Refrigeration and Ventilation | Level 2 | NQF Level 02 | Passed the End Date - Status was "Registered" |
2004-06-13 | Was MERSETA until Last Date for Achievement |
| Fundamental | 21004 | National Certificate: Automotive Component Manufacturing and Assembly | Level 2 | NQF Level 02 | Passed the End Date - Status was "Reregistered" |
2008-11-01 | Was MERSETA until Last Date for Achievement |
| Fundamental | 23257 | National Certificate: Industrial Rubber Manufacturing: Mixing OR Extruding OR Moulding OR Calendaring | Level 2 | NQF Level 02 | Passed the End Date - Status was "Reregistered" |
2011-02-16 | MERSETA |
| Fundamental | 21014 | National Certificate: Metal and Engineering Manufacturing | Level 2 | NQF Level 02 | Passed the End Date - Status was "Reregistered" |
2008-11-01 | Was MERSETA until Last Date for Achievement |
| Fundamental | 49018 | National Certificate: Metals Production | Level 2 | NQF Level 02 | Passed the End Date - Status was "Reregistered" |
2008-11-26 | MERSETA |
| Fundamental | 20888 | National Certificate: Plastics Manufacturing | Level 2 | NQF Level 02 | Passed the End Date - Status was "Registered" |
2005-06-12 | Was MERSETA until Last Date for Achievement |
| Fundamental | 36154 | National Certificate: Polymer Composite Fabrication | Level 2 | NQF Level 02 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | MERSETA |
| Fundamental | 21011 | National Certificate: Power and telecommunication cable manufacturing | Level 2 | NQF Level 02 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | MERSETA |
| Fundamental | 35941 | National Certificate: Pulp and paper Manufacturing | Level 2 | NQF Level 02 | Passed the End Date - Status was "Registered" |
2007-02-11 | Was FPMSETA until Last Date for Achievement |
| Fundamental | 48800 | National Certificate: Quality Checking and Finishing of Manufactured Tyres | Level 2 | NQF Level 02 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | MERSETA |
| Fundamental | 48969 | National Certificate: Service Station Operations | Level 2 | NQF Level 02 | Passed the End Date - Status was "Reregistered" |
2008-11-26 | Was W&RSETA until Last Date for Achievement |
| Fundamental | 50542 | National Certificate: Small Craft Construction | Level 2 | NQF Level 02 | Passed the End Date - Status was "Registered" |
2009-08-31 | Was MERSETA until Last Date for Achievement |
| Fundamental | 24215 | National Certificate: Thermoplastic Fabrication | Level 2 | NQF Level 02 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | MERSETA |
| Fundamental | 59017 | National Certificate: Tissue Conversion | Level 2 | NQF Level 02 | Passed the End Date - Status was "Reregistered" |
2015-06-30 | FPMSETA |
| Fundamental | 48793 | National Certificate: Tyre and Tyre Component Manufacturing | Level 2 | NQF Level 02 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | MERSETA |
| Fundamental | 24214 | National Certificate: Welding Application and Practice | Level 2 | NQF Level 02 | Passed the End Date - Status was "Registered" |
2006-12-03 | MERSETA |
| Elective | 64709 | National Certificate: Automotive Body Repair | Level 2 | NQF Level 02 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | MERSETA |
| Elective | 65809 | National Certificate: Automotive Manufacturing and Assembly | Level 2 | NQF Level 02 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | MERSETA |
| Elective | 49689 | National Certificate: Automotive Repair and Maintenance | Level 2 | NQF Level 02 | Passed the End Date - Status was "Registered" |
2008-11-30 | Was MERSETA until Last Date for Achievement |
| Elective | 78523 | National Certificate: Automotive Repair and Maintenance | Level 2 | NQF Level 02 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | As per Learning Programmes recorded against this Qual |
| Elective | 64410 | National Certificate: Automotive Spray Painting | Level 2 | NQF Level 02 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | MERSETA |
| Elective | 78944 | National Certificate: Autotronics | Level 2 | NQF Level 02 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | MERSETA |
| Elective | 22858 | National Certificate: Autotronics | Level 2 | NQF Level 02 | Passed the End Date - Status was "Reregistered" |
2009-11-07 | Was MERSETA until Last Date for Achievement |
| Elective | 22869 | National Certificate: Engineering Fabrication | Level 2 | NQF Level 02 | Passed the End Date - Status was "Reregistered" |
2007-08-16 | MERSETA |
| Elective | 58722 | National Certificate: Engineering Fabrication | Level 2 | NQF Level 02 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | As per Learning Programmes recorded against this Qual |
| Elective | 71491 | National Certificate: Equine Studies | Level 2 | NQF Level 02 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | CATHSSETA |
| Elective | 66512 | National Certificate: Foundry Operations | Level 2 | NQF Level 02 | Passed the End Date - Status was "Reregistered" |
2013-11-07 | MERSETA |
| Elective | 59689 | National Certificate: Mechanical Engineering | Level 2 | NQF Level 02 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | As per Learning Programmes recorded against this Qual |
| Elective | 23273 | National Certificate: Mechanical Engineering: Fitting | Level 2 | NQF Level 02 | Passed the End Date - Status was "Reregistered" |
2008-06-25 | MERSETA |
| Elective | 23254 | National Certificate: Mechanical Engineering: Fitting and Machining | Level 2 | NQF Level 02 | Passed the End Date - Status was "Reregistered" |
2008-06-25 | MERSETA |
| Elective | 23277 | National Certificate: Mechanical Engineering: Machining | Level 2 | NQF Level 02 | Passed the End Date - Status was "Reregistered" |
2008-06-25 | MERSETA |
| Elective | 67629 | National Certificate: Mechatronics | Level 2 | NQF Level 02 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | MERSETA |
| Elective | 22770 | National Certificate: Mechatronics | Level 2 | NQF Level 02 | Passed the End Date - Status was "Reregistered" |
2009-07-29 | Was MERSETA until Last Date for Achievement |
| Elective | 58718 | National Certificate: Metals Processing | Level 2 | NQF Level 02 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | MERSETA |
| Elective | 64189 | National Certificate: Metals Production | Level 2 | NQF Level 02 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | As per Learning Programmes recorded against this Qual |
| Elective | 61929 | National Certificate: Pulp and Paper Operations | Level 2 | NQF Level 02 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | FPMSETA |
| Elective | 24455 | National Certificate: Servicing Vehicles | Level 2 | NQF Level 02 | Passed the End Date - Status was "Registered" |
2005-11-30 | Was MERSETA until Last Date for Achievement |
| Elective | 61809 | National Certificate: Tyre Repair and Maintenance | Level 2 | NQF Level 02 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | MERSETA |
| Elective | 48794 | National Certificate in Quality Checking of Tyres and Tyre Components | Level 3 | NQF Level 03 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | MERSETA |
| Elective | 58271 | National Certificate: Lift Installation and Maintenance | Level 3 | NQF Level 03 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | MERSETA |
| Elective | 48798 | National Certificate: Tyre and Tyre Component Manufacturing | Level 3 | NQF Level 03 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | MERSETA |
| Elective | 48795 | National Certificate: Tyre Assembly | Level 3 | NQF Level 03 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | MERSETA |
| 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. | Buscor |
| 3. | ERGO BUSINESS DEVELOPMENT ACADEMY NPC |
| 4. | HARMONY GOLD MINING CO LTD |
| 5. | KUMBA IRON ORE (SISHEN) |
| 6. | Majuba FET College - Central Office |
| 7. | SIBANYE GOLD ACADEMY PROPRIETARY LIMITED |
| 8. | VEB CELE & ASSOCIATES 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. |