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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED QUALIFICATION THAT HAS PASSED THE END DATE: 

National Certificate: Risk Management 
SAQA QUAL ID QUALIFICATION TITLE
24396  National Certificate: Risk Management 
ORIGINATOR
SGB Financial Services 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY NQF SUB-FRAMEWORK
Was INSETA until Last Date for Achievement  OQSF - Occupational Qualifications Sub-framework 
QUALIFICATION TYPE FIELD SUBFIELD
National Certificate  Field 03 - Business, Commerce and Management Studies  Finance, Economics and Accounting 
ABET BAND MINIMUM CREDITS PRE-2009 NQF LEVEL NQF LEVEL QUAL CLASS
Undefined  140  Level 4  NQF Level 04  Regular-Unit Stds Based 
REGISTRATION STATUS SAQA DECISION NUMBER REGISTRATION START DATE REGISTRATION END DATE
Passed the End Date -
Status was "Registered" 
SAQA 0150/03  2003-10-08  2006-10-08 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2007-10-08   2010-10-08  

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 qualification is replaced by: 
Qual ID Qualification Title Pre-2009 NQF Level NQF Level Min Credits Replacement Status
57613  Further Education and Training Certificate: Short-Term Risk Management  Level 4  NQF Level 04  160  Complete 

PURPOSE AND RATIONALE OF THE QUALIFICATION 
South Africa is acknowledged as a world leader in holistic Risk Management, Risk Evaluation and Risk Assessment and is currently the only country in the world where Risk Management is legislated. Risk Management is referred to in the so-called "King 2 report" and is seen as the basis for corporate governance. Throughout the document reference is made to managing Risk in different aspects of business. Enterprise-wide Risk management or holistic Risk management is the current trend in business.

In South Africa there is extensive legislation covering safety and financial matters and this therefore places both safety and finance in the field of Insurance. No-compliance with legislation is either a criminal or a civil issue and both have financial and Risk implications. When an issue becomes a liability, it becomes a finance issue. It is for these reasons that Risk Management is linked to Insurance. Most of the major companies have Risk managers. Roughly 7% of Risk can be insured and the remaining Risk has to be managed. Due to the escalating cost of Insurance there is an increasing number of companies where self funding for Risk is the preferred method of managing Risk. This Risk is managed by their own in house Risk Managers who require the necessary knowledge and skill.

The nature of the financial services industry is changing rapidly and there is growing support for the notion that Risk rather than Insurance should be a sub- field as it is a multi-faceted issue in any business.

The purpose of the National Certificate in Risk management: Level 4 is to build the knowledge and skills required by employees involved in the management of Risk and who have had schooling at or below NQF level 4 in order to prepare them for the work they have to perform in Risk Management. It is intended to empower learners to acquire knowledge, skills, attitudes and values required to operate confidently as individuals in the South African community and to respond to the challenges of the economic environment and changing world of work in the financial services industry where Risk Management (Risk Control and Risk Finance) is now an important extension of Insurance. It will add value to the qualifying learner in terms of enrichment of the person, status and recognition.

As a Qualification that covers Risk Management related learning, it provides a framework for learners to develop competencies that will give them insight into Risk Control and Risk Finance. It introduces a fundamental understanding of the key terms, rules, concepts and principles of Risk Management that will enable learners to be informed workers. It provides a balanced learning experience that allows flexible access to life-long learning, higher education and to productive employment in Risk Management as a career path. It provides an opportunity for learners to learn and apply academic skills in relation to the workplace and will allow for multi-skilling. As such it is a bridging Qualification for learners who move from formal schooling into an Insurance workplace or Risk Management position in industry and commerce.

The National Certificate in Risk Management: Level 4 is intended for personnel employed in the management of Risk. The focus is on basic information gathering, analysis, evaluation, presentation and the ability to apply knowledge of the sub-field so as to solve common problems within a given familiar context.

Qualifying learners are capable of:
  • Understanding the nature of Risk.
  • Carrying out basic research, information gathering and analysis.
  • Interpreting current affairs and their influence on the management of Risk.
  • Managing Risk in their own lives.
  • Applying the basic principles of management to manage Risk in an entity.
  • Applying legislation that regulates the management of Risk.
  • Managing an information system.
  • Processing numerical and text data.
  • Conducting Risk assessments.
  • Applying the Risk management process to different situations.
  • Proposing possible solutions to manage Risk in an entity.

    The Unit Standards making up the Qualification are intended as building blocks for the further development of skills that will make the learner a more fulfilled, informed, efficient and cost effective worker. This should result, in turn, in more effective and efficient service to the consumer and should make the industry more competitive in the global market.


    Rationale:

    The National Certificate in Risk Management: Level 4 complements the National Certificate in Insurance: NQF Level 4 and is designed to meet the needs of learners in a variety of positions in the management of Risk or Insurance. It is a generic Qualification in Risk Management with specialisation in either Risk Control or Risk Finance (alternative methods of financing Risk).

    The Financial Services sector recognises RiskCntrol and Risk Fnance as the two main aspects of Risk management. The financing of insurable Risk has been adequately covered in the National Certificate in Short Term Insurance: NQF Level 4. There is a growing need for expertise in the area of Risk Control or alternative finance of Risk and the National Certificate in Risk Management bridges that gap.

    Learners already employed in the management of Risk at this level do work that requires fundamental knowledge of the application of appropriate legislation and the most important areas of control of Risk in general. They are required to know and apply the Risk management process in a variety of situations. Insurance is one way of transferring Risk and learners therefore need to know about aspects of personal, corporate, commercial and industrial Insurance that could be used as a form of Risk Finance. They require a range of skills and the ability to apply essential methods and procedures within the limits of their authority. Their work roles are in general management and management of Risk in different industries and in commercial and industrial or corporate lines of Insurance business. These include, but are not limited to:
  • Risk Management Advisers
  • Claims Assessors
  • Service Agents
  • Underwriting Agents
  • Risk Finance Product Developers
  • Managers of small businesses
  • Risk Control managers
  • Short Term Insurance Administrators
  • Loss Adjusters
  • Risk Surveyors
  • Risk Trainers.
  • Short term Insurance Brokers and Intermediaries
  • Risk Assessors.

    The National certificate :Risk management: Level 4 is a first step for learners who:
  • Have attained the National Certificate in Insurance: NQF Level 3 and wish to continue on a path of life-long learning specialising in Risk Management.
  • Have attained the National Certificate in Short Term Insurance: NQF Level 4 and wish to continue on a path of life-long learning specialising in the management of Risk.
  • Were previously disadvantaged or who were unable to complete their schooling and were therefore denied access to Further Education and Training.
  • Worked as Safety Officers in the management of Risk or Insurance sub-sector for many years, but have no formal Qualifications in their area of specialisation and no career path.
  • Wish to extend their range of skills and knowledge of the industry so that they can become knowledge workers in the industry.
  • Are contracted in a learnership agreement in the Insurance sub- sector.
  • Have recently taken up a position in the management of Risk.
  • Have not yet acquired the skills and competencies required for learning in the management of Risk at NQF level 5.

    The National Certificate in Risk Management: Level 4 is a Qualification that rewards the learner for the knowledge, skills attitudes and values that have been mastered through the awarding of a nationally recognised Qualification that formally recognises those competencies. It is flexible enough to accommodate both learners in formal education and learners already employed in the management of Risk and/or Insurance. It aims to develop informed and skilled learners in Risk Management, which is a growing sector in both Insurance and Management. The Qualification at this level is the start of a career path in Risk Management but is still generic enough to allow maximum mobility within the Insurance industry. Skills, knowledge, values and attitudes reflected in the Qualification are building blocks that will be developed further at Level 5.

    The intention is :
  • To promote the development of knowledge and skills that are required in the Insurance and Risk management industries.
  • To release the potential of people.
  • To provide opportunities for people to move up the value chain.
  • To provide opportunities for life long learning for people who work in Risk Management where there was previously no specialised Qualification.

    The National Certificate in Risk Management: NQF Level 4 should produce knowledgeable, multi-skilled workers who are able to contribute to improved productivity and efficiency to the management of Risk in the South African environment. It should provide the means for current workers to receive recognition of prior learning, to upgrade their skills and achieve a nationally recognised Qualification. It should also assist new entrants to the Risk management environment and learners in Insurance who wish to pursue a career in Risk management. The Qualification is structured in a way that exposes learners to different aspects of the management of Risk so that there is scope for multi-skilling. It is anticipated that this Qualification will promote the notion of life long learning. 

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

    Recognition of Prior Learning

    The National Certificate in Risk Management: NQF: Level 4 allows open access and may be achieved in part by Recognition of Prior Learning (RPL). Provision has been made for prior learning to be recognised if a learner is able to demonstrate competence in the knowledge, skills, values and attitudes implicit in this Qualification. Application for Recognition of Prior Learning (RPL) should be made to INSQA or a relevant accredited ETQA.
  • Recognition of Prior Learning (RPL) may allow for accelerated access to further learning.
  • Credit towards a Standard is subject to quality assurance by INSQA or by a relevant accredited ETQA that has a Memorandum of Understanding with INSQA and is conducted by a workplace assessor. 

  • RECOGNISE PREVIOUS LEARNING? 

    QUALIFICATION RULES 
    Rules of Combination

    The Qualification is made up of Unit Standards classified as Fundamental, Core and Elective for the purpose of this Qualification. A minimum of 140 credits is required to complete the Qualification.

    In this Qualification the credits are allocated as follows

    Fundamental: 66 credits; 47%
    Core: 59 credits; 42%
    Electives: 15 credits; 11%
    Total: 140 credits; 100%

    The majority of the credits in both Core and Elective components relate directly to Risk Management and appropriate legislation and the remainder are from Generic Management and Insurance related fields. The Qualification is made up of Unit Standards at Levels 3 and 4. There are 56 credits in Fundamental and Core at level 4.

    Spread of Unit Standard credits across NQF levels in Fundamental, Core and Elective Components:

    Fundamental: 20 at Level 3, 46 at Level 4; Total 66
    Core: 8 at Level 3, 51 at Level 4; Total 59
    Elective: 41 at Level 3, 175 at Level 4; Total 216 (Min 15)
    Total: 69 at Level 3, 272 at Level 4; Total 140

    Motivation for number of credits assigned to Fundamental, Core and Elective Components

    Fundamental Component

    SAQA stipulates that at least 20 credits be allocated to Communication at NQF
    Level 4 and 20 credits in an additional South African language at NQF Level 3.
    Sixteen credits are required for Mathematical Literacy. For the purpose of this Qualification 10 credits are also required for Financial Literacy at level 4. Although this is not a SAQA requirement, the industry believes that if learners are to function in a field that manages people's money, they should be able to manage their own finances. In this Qualification they also serve as an introduction that will lead to an understanding of financial aspects of Insurance and Risk Finance in later Qualifications. This means that 66 credits are allocated to Fundamental and will add value to learners both socially and economically in terms of
    Their ability to manage their own finances.
    Their ability to operate as literate and numerate workers in a global economy.
    Their ability to be informed consumers of the financial services industry.
    An awareness of the need to avoid the debt spiral that undermines the economy of South Africa.

    At this level, financial decisions are based on management of own finances including responsibility for dependents and finances of a small business or organisation.

    Core Component

    Fifty-nine credits have been allocated to Unit Standards designated as Core for the purpose of this Qualification. This is to ensure that the Qualification has a definite Risk Management focus. The Unit Standards classified as Core provide an opportunity to develop knowledge of the industry through research and the application of study skills. The Core Unit Standards provide the basic knowledge and skills that workers in Risk Management in general need to know about the industry. They include an introduction to the concepts of personal Risk and Risk in a business environment as well as ethics and generic management skills. They also include Standards that introduce legislation that regulates the Risk Management industry such as that relating to statutory Insurance that is compulsory in South Africa and a number of Acts where non-activity or non-compliance are in themselves a Risk. Most require the practical application of the Risk Management process. They promote personal development that will enable learners to make informed decisions about their career paths.

    Elective Component

    There is a wide range of unit Standards that may be selected as Electives in this Qualification. This provides for maximum flexibility and allows learners to achieve a Qualification that is relevant to the work that they do and to their chosen career paths in different industries. Learners are required to select Electives that add up to at least 15 credits. There is Risk Management, legislation, Insurance related Standards and a number of personal empowerment Standards at level 3 and 4 in this category.

    Four end-user Computing Standards on the use of word processing, spreadsheets, presentation documents and the World Wide Web are included in this category. This is because most organisations operate using electronic data transfer and the Internet is regarded as essential for knowledge workers in Risk Management.

    The Risk Management and Insurance Industry is highly regulated. It is therefore essential that all learners select the Standards with the legislation that is appropriate to their chosen career path as Electives.

    Unit Standards from NSB 07: SGB Democracy, Human Rights, Peace Education Ethical Foundation of Society may be included in this Qualification once they are registered. This will contribute to the personal and social development of the learners and enable them to function as informed members of a democratic society.

    In addition, Standards from Management, Accounting, Business Ethics and other Financial Services related sub-sectors may be included as Electives to ensure that the Qualification is relevant to people in different positions in Risk Management. 

    EXIT LEVEL OUTCOMES 
    Qualifying learners should be capable of:
  • Co-ordinating with others.
  • Applying the essential methods, processes and techniques used in Risk Management.
  • Analysing current affairs and researching aspects of Risk Management.
  • Operating as informed Risk Management.
  • Gathering, analysing and presenting information.
  • Understanding legislation that regulates the Management of Risk at a basic level of understanding.
  • Operating within clearly defined contexts within applicable legislation with limited scope for decision-making and responsibility.
  • Interpreting information in order to evaluate and quantify Risk. 

  • ASSOCIATED ASSESSMENT CRITERIA 
  • The Risk Management process is applied to a variety of situations.
  • Work output is in line with an agreed mandate, relevant service agreements and an organisation`s customer service standards applicable to a clearly defined work role in Risk Management.
  • Methods, procedures and techniques of a clearly defined work role are applied consistently in terms of specific company policy, legislative requirements and standard industry practices.
  • The consequences of non-compliance are clearly indicated for practices required in a specific work role in Risk Management.
  • Knowledge of current developments in a business sector is discussed with reference to the potential impact on Risk Management.
  • Information is gathered, analysed and presented according to the requirements of a specific work role in Risk Management.
  • A computerised database is used to access information from electronic media and to perform a specific function in Risk Management.

    The learner is able to demonstrate ability to:
  • Identify and solve problems in familiar contexts in which responses show that responsible decisions have been made, adjust common solutions to meet changes in the problem and motivate the change within own limit of authority.
  • Work effectively with others as a member of a team, group, organisation or community. As the Qualification is intended to be part of a learnership, it is unlikely that the learner would work alone.
  • Organise and manage oneself and one`s activities responsibly and effectively in that it is expected that the learner will be responsible for his/her own learning and for organising his/her own work allocated tasks responsibly in the work environment. S/he is required to complete research assignments timeously and to apply knowledge of different aspects of Risk Management. S/he should be able to provide for his/her own financial security and manage his/her own finances.
  • Collect, organise and critically evaluate information. These competencies are built into the assessment criteria in many of the Standards and the learner is required to do research projects and analyse information from the media.
  • Communicate effectively using visual, mathematics and language skills in the modes of oral and/or written presentations. These competencies are an integral part of all the Standards and are built into the assessment criteria.
  • Use science and technology effectively and critically showing responsibility towards the environment and the health of others in that the Risk Management environment is technology driven and very few activities take place without the application of technology. The inclusion of Computer End User Standards ensures that this Critical Cross-Field Outcome receivs attention. The learner is also expected to access information from electronic media and use a computerised database.
  • Demonstrate an understanding of the world as a set of related systems by recognising that problem-solving contexts do not exist in isolation in that references are made wherever applicable to the learner`s part in the big picture and how his/her actions have implications up and down the line. The learner is expected to know and understand Risk management as a system within a wider context.

    In addition this Qualification contributes to the full personal development of each learner and the social and economic development of the society at large, by making it the underlying intention of any programme of learning to make the individual aware of the importance of:
  • Reflecting on and exploring a variety of strategies to learn more effectively in order to become an informed Risk Manager.
  • Being culturally and aesthetically sensitive across a range of social contexts in dealing with diverse people in the workplace and in managing people related Risk.

    Assessment practices must be fair, transparent, valid and reliable and should ensure that no learner is disadvantaged.

    The focus of assessment must be on the assessment of the learning outcomes rather than learning outputs. The Specific Outcomes guide the learning and training process towards the outcomes on a continuous basis. The purpose is to determine whether the outcomes have been attained. Situations should present a wide range of options. Applications should require significant choices from a wide range of procedures and in a number of contexts.
  • Learning, teaching and assessment are inextricably linked. Where appropriate, assessment of knowledge, skills, attitudes and values indicated in the various Standards should be integrated.
  • Assessment has a formative monitoring function. Formative assessment should be used to assess gaps in the learner`s skill and knowledge and to indicate where there is a need for expanded opportunities. The goal is to promote learning and to assess the efficacy of the teaching and learning process. Feedback from assessment informs teaching and learning and allows for the critique of outcomes, methodology and materials. Formative assessment is diagnostic and as such, it should guide the learner and the trainer. It is continuous and is used to plan appropriate learning experiences to meet the learner`s needs. It provides information about problems experienced at different stages in the learning process. As it is criterion referenced, if the learner has met the assessment criteria, s/he has achieved the outcomes.
  • Assessment should also have a summative component. Summative assessment may be used on completion of a Standard, but should not be the only form of assessment. A summative assessment of the exit outcomes is required on completion of all the necessary Standards and before a Qualification is awarded.
  • A variety of methods must be used in assessment and tools and activities must be appropriate to the context in which the learner is working. Assessment should take place in an authentic context as far as is possible. Where it is not possible to assess competence in the workplace, simulations, case studies and other similar techniques should be used to provide a context appropriate to the assessment.
  • Integration implies that theoretical and practical components should, where possible, be assessed together.
  • Integrative techniques should be used to assess applied competence. Learners should be required to demonstrate that they can perform the outcomes with understanding and insight.
  • Assessment should ensure that all Specific Outcomes, Embedded Knowledge and Critical Cross-Field Outcomes are evaluated. Assessment of the Critical Cross-Field Outcomes should be integrated with the assessment of the Specific Outcomes. The Critical Cross-Field Outcomes are implicit in some Standards and programmes should be designed to extend and further reflect the integration. 

  • INTERNATIONAL COMPARABILITY 
    Inseta visited the UK and Ireland in 2002 with a view to benchmarking the Insurance Qualifications registered on the NQF. Both countries indicated that they have nothing to compare to the South African Qualifications and would
    like to benchmark against the South African Qualifications in two year`s time.

    It will be benchmarked against the FETC (schools and colleges) in South African formal education. 

    ARTICULATION OPTIONS 
    The National Certificate in Risk Management: Level 4 articulates with the following Qualifications horizontally:
  • National Certificate in Short term Insurance: Level 4
  • National Certificate in Long Term Insurance: Risk Assessment: Level 4
  • National Certificate in Unit Trust Investment: Level 4
  • National Certificate in Wealth Management: Level 4
  • National Certificate in Health Care Benefits Claims Assessing: Level 4
  • National Certificate in Health Care Benefits: Level 4.

    Once other Insurance Qualifications have been developed at NQF Level 5 this Qualification will articulate well with them as it is part of a well-defined learning pathway in the Insurance sector. 

  • MODERATION OPTIONS 
    This Qualification will be internally assessed and externally moderated by a moderator registered by the Insurance Sector Quality Authority (INSQA) or a relevant accredited ETQA by the provider. The mechanisms and requirements for moderation will be contained in the document obtainable from INSQA.

    INSQA framework for assessment and moderation:
  • Moderators, competent at the level at least one higher than the level of the Qualification, are registered by INSQA or a relevant accredited ETQA to ensure that the standard across assessors is consistent.
  • Moderators are required to be competent in the generic moderation Stamdards.
  • Moderators are required to report to INSQA or a relevant accredited ETQA. (See INSQA framework and guidelines for assessment and moderation for details.)
  • INSQA or a relevant accredited ETQA will monitor and quality assure moderation and assessment according to guidelines in the Qualification and INSQA procedures. 

  • CRITERIA FOR THE REGISTRATION OF ASSESSORS 
    This Qualification will be internally assessed by the provider and moderated by a moderator registered as an assessor by the Insurance Sector Quality Authority (INSQA) or a relevant accredited ETQA that as a Memorandum of Understanding with the INSQA. Themechanisms and requirements for moderation are contained in the document obtainable from INSQA viz. INSQA framework for assessment and moderation.
  • Assessors must be registered with INSQA or a relevant accredited ETQA that has a Memorandum of Understanding with the INSQA.
  • Moderators, competent at the level of the Qualification are registered by INSQA or a relevant accredited ETQA to ensure that the standard across assessors is consistent.
  • Moderators are required to be competent in assessment practices.
  • Moderators are required to report to INSQA or a relevant accredited ETQA. (See INSQA framework and guidelines for assessment and moderation for details.)
  • Institutions and providers offering learning that will lead to the achievement of the National Certificate in Risk Management: Level 4 must be accredited as providers with INSQA or with a relevant accredited ETQA that has a Memorandum of Understanding with the INSQA.
  • INSQA or a relevant accredited ETQA will monitor and quality assure moderation and assessment according to guidelines in the Qualification and INSQA procedures.
  • INSQA will assure the quality of all learning programmes in collaboration with other SETAS in different economic sectors. 

  • NOTES 
    This qualification has been replaced by qualification 57613, which is "Further Education and Training Certificate: Risk Management", Level 4, 160 credits. 

    UNIT STANDARDS: 
      ID UNIT STANDARD TITLE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
    Core  9005  Explain the types of compulsory statutory insurance in South Africa  Level 3  NQF Level 03 
    Core  13943  Analyse new developments reported in the media that could impact on a business sector or industry  Level 4  NQF Level 04  10 
    Core  14999  Analyse people related risks in an organisation in order to control the risk  Level 4  NQF Level 04 
    Core  13950  Apply technical knowledge and skill in order to manage risk in occupational health and occupational hygiene  Level 4  NQF Level 04 
    Core  14991  Apply the law of contract to insurance  Level 4  NQF Level 04 
    Core  13942  Demonstrate a basic understanding of the role of a business strategy in managing a small business or a business unit  Level 4  NQF Level 04 
    Core  13940  Demonstrate knowledge and application of ethical conduct in a business environment  Level 4  NQF Level 04 
    Core  10377  Demonstrate knowledge and insight into the Compensation for Occupational Injury and Disease Act 130 of 1993 (COIDA)  Level 4  NQF Level 04 
    Core  14994  Demonstrate knowledge and understanding of insurable risk  Level 4  NQF Level 04 
    Core  15007  Demonstrate knowledge and understanding of South African law and the regulation of risk management  Level 4  NQF Level 04 
    Core  13951  Demonstrate knowledge and understanding of the Occupational Health and Safety Act 85 of 1993 (OHSA) (as amended) and the responsibilities of management in terms of the Act  Level 4  NQF Level 04 
    Core  14667  Describe and apply the management functions of an organization  Level 4  NQF Level 04  10 
    Core  14979  Describe issues of compliance or non-activity that could result in civil or criminal liability in terms of business law  Level 4  NQF Level 04 
    Core  15008  Determine risk exposure in order to manage the risk in a specific situation  Level 4  NQF Level 04 
    Core  14975  Explain the application of management principles in the risk management function  Level 4  NQF Level 04 
    Core  14995  Explain the nature of risk and the risk management process  Level 4  NQF Level 04 
    Fundamental  8968  Accommodate audience and context needs in oral communication  Level 3  NQF Level 03 
    Fundamental  8972  Interpret a variety of literary texts  Level 3  NQF Level 03 
    Fundamental  8970  Write texts for a range of communicative contexts  Level 3  NQF Level 03 
    Fundamental  9015  Apply knowledge of statistics and probability to critically interrogate and effectively communicate findings on life related problems  Level 4  NQF Level 04 
    Fundamental  10389  Describe the basic principles of personal income tax  Level 4  NQF Level 04 
    Fundamental  10385  Develop a business plan for a small business  Level 4  NQF Level 04 
    Fundamental  8974  Engage in sustained oral communication and evaluate spoken texts  Level 4  NQF Level 04 
    Fundamental  10388  Interpret basic financial statements  Level 4  NQF Level 04 
    Fundamental  10386  Investigate the possibilities of establishing and running a small business enterprise (SMME)  Level 4  NQF Level 04 
    Fundamental  10387  Investigate ways of managing financial risk in own lives  Level 4  NQF Level 04 
    Fundamental  12417  Measure, estimate & calculate physical quantities & explore, critique & prove geometrical relationships in 2 and 3 dimensional space in the life and workplace of adult with increasing responsibilities  Level 4  NQF Level 04 
    Fundamental  8975  Read analyse and respond to a variety of texts  Level 4  NQF Level 04 
    Fundamental  7468  Use mathematics to investigate and monitor the financial aspects of personal, business, national and international issues  Level 4  NQF Level 04 
    Fundamental  12153  Use the writing process to compose texts required in the business environment  Level 4  NQF Level 04 
    Fundamental  8976  Write for a wide range of contexts  Level 4  NQF Level 04 
    Elective  12548  Demonstrate ability to use and interpret texts that apply to the role and responsibilities of trustees of Retirement Funds  Level 3  NQF Level 03 
    Elective  13915  Demonstrate knowledge and understanding of HIV/AIDS in a workplace, and its effects on a business sub-sector, own organisation and a specific workplace  Level 3  NQF Level 03 
    Elective  12550  Demonstrate knowledge and understanding of the role functions and responsibilities of Trustees of Medical Schemes  Level 3  NQF Level 03 
    Elective  12547  Demonstrate knowledge and understanding of the role, functions and duties of trustees of Retirement Funds  Level 3  NQF Level 03 
    Elective  10713  Identify possible ways of improving employment prospects  Level 3  NQF Level 03 
    Elective  10712  Manage personal expenditure  Level 3  NQF Level 03 
    Elective  7567  Produce and use spreadsheets for business  Level 3  NQF Level 03 
    Elective  7575  Produce presentation documents for business  Level 3  NQF Level 03 
    Elective  7570  Produce word processing documents for business  Level 3  NQF Level 03 
    Elective  10714  Research costs associated with marriage, birth, divorce and death in own circumstances  Level 3  NQF Level 03 
    Elective  12168  Analyse the Financial Services industry and the role of insurance in a business environment  Level 4  NQF Level 04 
    Elective  14977  Apply technical knowledge and skill in order to manage computer risk  Level 4  NQF Level 04 
    Elective  14980  Apply technical knowledge and skill in order to manage risk in business interruption  Level 4  NQF Level 04 
    Elective  13939  Apply technical knowledge and skill in order to manage risk in emergency planning  Level 4  NQF Level 04 
    Elective  14985  Apply technical knowledge and skill in order to manage risk in engineering losses  Level 4  NQF Level 04 
    Elective  14989  Apply technical knowledge and skill in order to manage risk in general and product liability  Level 4  NQF Level 04 
    Elective  14997  Apply technical knowledge and skill in order to manage risk in motor vehicle losses due to theft and hijacking  Level 4  NQF Level 04 
    Elective  15009  Apply technical knowledge and skill in order to manage security risk  Level 4  NQF Level 04 
    Elective  15012  Apply technical knowledge and skill to value movable and immovable assets for insurance and risk financing  Level 4  NQF Level 04 
    Elective  14996  Apply the mines and Works Act, 27 of 1956 (as amended) as it impacts on risk management to a specific operation  Level 4  NQF Level 04 
    Elective  13953  Apply the principles of situational leadership to a business unit  Level 4  NQF Level 04 
    Elective  13952  Demonstrate basic understanding of the Primary labour legislation that impacts on a business unit  Level 4  NQF Level 04 
    Elective  12167  Demonstrate knowledge and insight into the Capital Gains Tax Legislation as it applies to insurance and investment  Level 4  NQF Level 04 
    Elective  12166  Demonstrate knowledge and insight into the Collective Investment Schemes Act, 45 of 2003 (CICSA)  Level 4  NQF Level 04 
    Elective  10392  Demonstrate knowledge and insight into the Estate Duties Act (45 of 1955) as it applies to insurance  Level 4  NQF Level 04 
    Elective  14315  Demonstrate knowledge and insight into the Income Tax Act (58 of 1962 and the accompanying regulations) as amended as it applies to insurance and investment products  Level 4  NQF Level 04 
    Elective  14316  Demonstrate knowledge and insight into the Long Term Insurance Act (1998)  Level 4  NQF Level 04 
    Elective  12335  Demonstrate knowledge and insight into the Medical Schemes Act (131 of 1998) and the accompanying regulations  Level 4  NQF Level 04 
    Elective  12332  Demonstrate knowledge and insight into the Policyholder protection legislation  Level 4  NQF Level 04 
    Elective  10194  Demonstrate knowledge and insight into the Short Term Insurance Act (No 53 of 1998) and the accompanying regulations  Level 4  NQF Level 04 
    Elective  12164  Demonstrate knowledge and insight of the Financial Advisory and Intermediary Services Act (FAIS) (Act 37 of 2002)  Level 4  NQF Level 04 
    Elective  14974  Demonstrate knowledge and skill in order to assess a fire or accident claim  Level 4  NQF Level 04 
    Elective  13839  Demonstrate knowledge and understanding of all risks insurance  Level 4  NQF Level 04 
    Elective  10376  Demonstrate knowledge and understanding of Commercial and Industrial, and Corporate insurance in South Africa  Level 4  NQF Level 04 
    Elective  14982  Demonstrate knowledge and understanding of credit risk insurance  Level 4  NQF Level 04 
    Elective  14984  Demonstrate knowledge and understanding of engineering insurance  Level 4  NQF Level 04 
    Elective  14983  Demonstrate knowledge and understanding of environmental legislation as it impacts on risk management  Level 4  NQF Level 04 
    Elective  14986  Demonstrate knowledge and understanding of fire exposures in order to manage the potential fire risk  Level 4  NQF Level 04 
    Elective  14992  Demonstrate knowledge and understanding of the Explosives Act, 26 of 1956 as amended as it impacts on risk management  Level 4  NQF Level 04 
    Elective  15010  Demonstrate knowledge and understanding of the management of safety risk  Level 4  NQF Level 04 
    Elective  14993  Demonstrate knowledge and understanding of the Mines Health and Safety Act, (Act 29 of 1996) and its application  Level 4  NQF Level 04 
    Elective  10393  Demonstrate knowledge and understanding of the Primary legislation that impacts on retirement funds  Level 4  NQF Level 04 
    Elective  14988  Demonstrate knowledge and understanding of the risks involved in the manufacture, use, handling and storage of dangerous and hazardous substances  Level 4  NQF Level 04 
    Elective  10382  Demonstrate knowledge and understanding of the Road Ordinance as it applies to motor insurance  Level 4  NQF Level 04 
    Elective  10378  Demonstrate knowledge and understanding of the statutory cover afforded under the Compensation for Occupational Injuries and Diseases Act, 130 of 1993, as amended (COIDA)  Level 4  NQF Level 04 
    Elective  10381  Demonstrate knowledge and understanding of the Value Added Tax Act, 89 of 1991as amended as it applies to insurance policies  Level 4  NQF Level 04 
    Elective  13945  Describe and apply the management of stock and fixed assets in a business unit  Level 4  NQF Level 04 
    Elective  10380  Describe insurance cover against damage caused by riots and acts of terrorism and violence against public authorities in Namibia  Level 4  NQF Level 04 
    Elective  10364  Describe insurance cover against damage caused by riots and acts of terrorism and violence against public authorities in South Africa  Level 4  NQF Level 04 
    Elective  14998  Describe the operational consequences of incidents and losses on an entity  Level 4  NQF Level 04 
    Elective  14981  Explain Contract Works Insurance as a way of managing risk on a construction site  Level 4  NQF Level 04 
    Elective  14987  Explain fidelity insurance as a means of managing people related financial risk  Level 4  NQF Level 04 
    Elective  14990  Explain international credit risk insurance  Level 4  NQF Level 04 
    Elective  10362  Explain reinsurance as it is applied in Short Term insurance  Level 4  NQF Level 04 
    Elective  14976  Explain the application of the National Building Act and Regulations Act, 103 of 1997 (as amended) as described in SABS0400  Level 4  NQF Level 04 
    Elective  14506  Explain the Finance Intelligence Centre Act, Act 38 of 2001 and its implications for client relations  Level 4  NQF Level 04 
    Elective  13954  Manage risk in own work/business environment  Level 4  NQF Level 04 
    Elective  14978  Process a claim in credit risk insurance  Level 4  NQF Level 04 
    Elective  15011  Underwrite a credit risk  Level 4  NQF Level 04 
    Elective  10367  Underwrite a standard risk in short term commercial and industrial insurance  Level 4  NQF Level 04  10 
    Elective  10366  Underwrite a standard risk in short term personal/domestic insurance  Level 4  NQF Level 04  10 


    LEARNING PROGRAMMES RECORDED AGAINST THIS QUALIFICATION: 
    When qualifications are replaced, some of their learning programmes are moved to being recorded against the replacement qualifications. If a learning programme appears to be missing from here, please check the replacement.
     
    NONE 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS QUALIFICATION: 
    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. African Resources & Financial Training (Pty) Ltd 
    2. Faisit (Pty) Ltd 
    3. Intec College 



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