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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED QUALIFICATION: 

National Certificate: Financial Services Management 
SAQA QUAL ID QUALIFICATION TITLE
48640  National Certificate: Financial Services Management 
ORIGINATOR
SGB GET & FET Business, Commerce and Mngment Stud 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY NQF SUB-FRAMEWORK
INSETA - Insurance Sector Education and Training Authority  OQSF - Occupational Qualifications Sub-framework 
QUALIFICATION TYPE FIELD SUBFIELD
National Certificate  Field 03 - Business, Commerce and Management Studies  Project Management 
ABET BAND MINIMUM CREDITS PRE-2009 NQF LEVEL NQF LEVEL QUAL CLASS
Undefined  150  Level 4  Level TBA: Pre-2009 was L4  Regular-Unit Stds Based 
REGISTRATION STATUS SAQA DECISION NUMBER REGISTRATION START DATE REGISTRATION END DATE
Reregistered  SAQA 10105/14  2015-07-01  2018-06-30 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2019-06-30   2022-06-30  

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 qualification does not replace any other qualification and is not replaced by any other qualification. 

PURPOSE AND RATIONALE OF THE QUALIFICATION 
The purpose of the Qualification is to build the knowledge and skills required by employees in management who have either had schooling at or below NQF level 4, including learners who have gaps in Communication in the language of business and/or mathematical literacy that could inhibit progress in a career path in management in financial services. It is also intended for learners in management who are not yet ready to learn at NQF Level 5. The Qualification should empower learners to acquire knowledge, skills, attitudes and values required to operate confidently as managers in the South African financial services community and to respond to the challenges specific to the financial services environment and the changing world of work in the industry.

The Qualification introduces some theoretical concepts, requires the application of knowledge and a well-developed range of specialist skills that will enable learners to be informed workers in the financial services industry. It requires the ability to adjust or amend an application of a common solution within relevant parameters and the ability to motivate the change using relevant evidence. It provides a balanced learning experience that allows flexible access to further education, life long learning, further education and to productive employment in the financial services sector.

The National Certificate in Financial Services: Management: Level 4 is intended for personnel already employed and other learners who intend to follow a career in management in financial services. The focus is on analysis and evaluation skills and application of knowledge.

Rationale for the qualification

The Financial Services sector is highly regulated and the consequences of non-compliance for the industry are far-reaching in terms of both financial and reputational risk. Managers in Financial Services require a sound knowledge of the financial services environment, the capacity to understand broad financial and legal aspects and knowledge of and skills in management. In the Financial Services industry managers are appointed based on technical knowledge, experience and potential managerial ability. It is therefore assumed that learners attempting this Qualification are technically competent in a specific aspect or sub-sector of financial services and have a sound knowledge of the financial services sector as a whole.

The National Certificate in Financial Services: Management: NQF Level 4 is designed to meet the needs of learners in the financial services sector who require management skills including first line managers of business units in medium to large organisations and managers in SMEs that are part of the financial services sector. This Qualification is for learners who work at the first level at which the management function is performed in the financial services sector. The Qualification is intended as a vehicle to fast track learners from previously disadvantaged groups and other learners to acquire the knowledge and skills of management that are required to build a pool of learners with management expertise in the financial services industry and enable the industry to meet Employment Equity targets.

The term business unit in this Qualification implies a cost centre, section, department or SME. Managers at this level may or may not be required to interact with senior management. They are accountable for systems and the implementation of the strategic requirements of an organisation. They may write policies and procedures that in turn impact on supervisors and team leaders. It is envisaged that learners who complete this Qualification will be engaged in work roles in financial services organisations where they can be part of the employment decision-making process and their specialist financial services industry knowledge can impact on recruitment and employment decisions. They therefore need to be familiar with employment trends in the market and current events that could impact on the financial services sector. Managers at this level in the financial services sector have decision-making powers and are involved in counselling.

The move in the financial services sector is to flat management structures and away from traditional pyramiding. The level of the Qualification is therefore not linked to grading levels or an organisation's remuneration structure. Managers at this level are involved in high-level decision-making and high-level reporting. They may be required to do presentations to senior management and are responsible for performance management interaction.

Managers in financial services at this level require extensive technical expertise. They may serve as advisors on committees, boards and focus groups as part of their network function where their technical skill is required to make recommendations. They have input into development issues such as the training strategy of the department and have a broad co-ordination function between other departments in terms of timing, funding and implementation plans of their own business unit and the impact of changes on their business unit.

At this level managers require a wide knowledge and understanding of the financial services industry and their particular sub-sector. They need insight into how events in the financial services environment can impact on business processes and delivery and how the work of other sections or business units can impact on their unit.

At level 4, there is greater specialisation in a particular field and the manager's role may be mainly administrative or may require specialisation in law or other specific industry knowledge. Managers may not always manage people, but may perform a professional or managerial function. This Qualification works from the premise that managers require specialist technical knowledge and skill as well as behavioural skills. Managers engaged in enterprise-wide risk management, who do not necessarily manage people, could elect to do the National Certificate in Risk Management: NQF Level 4.

Management positions at this level include, but are not limited to first line managers and section heads. Queries are inevitably escalated to them and they are expected to act within their level of authority and may be required to refer to a manager at a higher level.

The National Certificate in Financial Services: Management: NQF Level 4 exposes learners to a broad set of Core Competencies covering a number of aspects of management. It is intended for learners who:
  • Have attained a National Certificate in a Financial Services sector: Level 3 and wish to continue on a path of life-long learning in the field of management within a financial services environment.
  • Were previously disadvantaged and were therefore denied access to Further Education and Training or management positions in financial services.
  • Wish to extend their range of skills and knowledge of management so that they progress within the financial services industry.
  • Are first line managers in the financial services industry and wish to improve their management skills.

    The National Certificate in Financial Services: Management: Level 4 allows the individual to work towards a nationally recognised Qualification. It is flexible enough to be offered in formal education and as occupational directed workplace based training for learners already employed in the financial services industry. It aims to develop informed and skilled managers. Skills, knowledge, values and attitudes reflected in the Qualification are building blocks that will be developed further at NQF Level 5. The intention is:
  • To promote the development of knowledge and management skills which are required in the financial services sector.
  • To provide opportunities for people to move up the value chain.
  • To form the basis of learnerships in the financial services sector.

    The National Certificate in Financial Services: Management: NQF Level 4 should assist managers in financial services organisations to contribute to improved productivity, compliance and efficiency within the financial services environment. It should provide the means for current managers to receive recognition of prior learning and to upgrade their skills. 

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

    Reccognition of prior learning
  • The National Certificate in Financial Services: Management: Level 4 allows open access. 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 a relevant accredited ETQA.
  • Recognition of Prior Learning (RPL) may allow for accelerated access to further learning.
  • Credit towards Unit Standards is subject to quality assurance by a relevant accredited ETQA and is conducted by a workplace assessor.
  • This Qualification can be obtained in part or in whole through Recognition of Prior Learning 

  • RECOGNISE PREVIOUS LEARNING? 

    QUALIFICATION RULES 
    Rules of combination

    Level and learning components assigned to the qualification:

    The Qualification is made up of a planned combination of learning outcomes that have a defined purpose and will provide qualifying learners with applied competence and a basis for further training. It is a building block for the proposed National Certificate in Financial Services: Management: NQF Level 5.

    The Qualification is made up of Unit Standards that are classified as Fundamental, Core and Elective for the purpose of this Qualification. A minimum of 150 credits is required to complete the Qualification.

    In this Qualification the credits are allocated as follows

    Fundamental: 68 credits
    Core: 71 credits
    Electives: 11 credits

    Total: 150 credits

    Note that the Core credits, relate directly to management in the financial services sector. Electives may be selected that are:
  • Directly related to the work done by the learner in an organisation.
  • Relate to legislation that regulates the work done by the learner.
  • Related to personal empowerment that enables the learner to function effectively in the South African society of 21st Century. 

  • EXIT LEVEL OUTCOMES 
    1. The National Certificate in Financial Services: Management: Level 4 is intended for personnel already employed and other learners who intend to follow a career in management within the financial services sector. The focus is on analysis, comparison, choice, interpretation and application of knowledge. Learners should have the capacity to adjust the application of a common solution to meet the needs resulting from small changes in the problem or operating context. They should be able to take the initiative to address problems within their own mandate. As the role of manager cannot be separated from the work role, financial services learners are required to apply management skills in a financial services context. Integrated assessment of the Core Unit Standards is required at exit level.

    Associated Unit Standards
  • Demonstrate an understanding of the role of a business strategy in managing a small business or business unit.
  • Apply technical knowledge and skill to align business unit performance to business goals.
  • Manage risk in own work/business environment.
  • Explain the manager's role in identifying and referring people related risks to productivity, performance, conduct and capacity in the workplace.
  • Mentor a colleague to enhance the individual's knowledge, skills, values and attitudes in a selected career path

    2. Analysing and explaining topical innovations, developments and issues in a selected sub-sector and business enterprise in the Financial Services environment with due regard for the organisation's code of conduct.

    Associated Unit Standard
  • Analyse current events reported in media that could impact on a business sector or industry.
  • nalyse the Financial Services Industry and the role of insurance in a business environment.
  • Explain and apply ethical conduct in a business environment.

    3. Explaining liabilities linked to corporate governance and legislation in the context of a specific business unit.

    Associated Unit Standard
  • Explain and apply ethical conduct in a business environment.
  • Describe issues of compliance and/or non-activity that could result in civil or criminal liability in terms of business law.
  • Demonstrate knowledge and insight of the Financial Advisory and Intermediary Services Act (FAIS) (Act 37n of 2002).

    4. Preparing, presenting and monitoring a budget for a business unit.

    Associated Unit Standard
  • Apply the budget function in a business unit.

    5. Applying knowledge of leadership and management to a specific business unit.

    Associated Unit Standard
  • Apply the principles of situational leadership to a business unit.
  • Describe and apply the management functions of an organisation.
  • Mentor a colleague to enhance the individual's knowledge, skills, values and attitudes in a selected career path.
  • Conduct a formal meeting.

    Exit Outcomes for the Critical Cross Field Outcomes

    The learner can 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 a first line manager 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 and the tasks of others responsibly in the work environment. S/he is required to complete research assignments timeously and to apply knowledge of different aspects management. He/she should be able to apply the budget function in a business unit or small business.
  • Collect, organise and critically evaluate information. These competencies are built into the assessment criteria in many of the Unit 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 Unit Standards and are built into the assessment criteria.
  • 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 the learner is required to be up to date with current affairs that could potentially impact on a business unit, organisation and the financial services sector. Learners are required to have a broad co-ordination function between other departments in terms of timing, funding and implementation plans of their own business unit and the impact of changes on their business unit.

    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 manager.
  • Being culturally and aesthetically sensitive across a range of social contexts in dealing with diverse people in the workplace including customers, co-workers and people who are surveyed or interviewed. 

  • ASSOCIATED ASSESSMENT CRITERIA 
  • An organisation's business strategy is analysed and an indication is given of how a business unit can support the business strategy and what problems, if any, the business unit will have in aligning to the strategy.
  • Risks in a work situation are analysed, performance of the business unit is measured against a performance agreement and suggestions are made as to how the performance of the unit can be improved or maintained at a high level.
  • The consequences for the organisation if a business unit under- performs are explained and an indication is given of how underperformance can be addressed in a specific business unit.
  • Work output is in line with an agreed mandate, relevant service agreements and an organisation's customer service standards applicable to a business unit.
  • 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.
  • New developments and trends in the financial services industry are accessed, analysed and interpreted from reports in the media.
  • Current developments in industry are discussed with reference to the potential impact on the financial services sector.
  • Current events that could impact on the financial services sector are analysed and the information is used to inform ethical business decisions in a specific business unit.
  • Examples of ethical and unethical conduct are identified in financial journals and newspaper.
  • Potential liabilities in a business unit are identified and an indication is given of what action is necessary to ensure compliance with all appropriate legislation.
  • The consequences of non-compliance with an organisation's policy and/or legislative requirements are clearly indicated for practices required in a specific work role.
  • Legislated requirements are applied in a business unit.
  • The budget needs of a business unit are analysed and a budget is drawn up for a specific business unit.
  • Expenses and revenue in a business unit are monitored against a projected budget.

    Assessment Criteria for the Critical Cross-Field Outcomes
  • Essential methods, procedures and techniques of the Financial Services industry are applied within the legislated environment in order to make management decisions.
  • Industry knowledge is applied in order to solve common problems within a familiar context, to adjust an application of a common solution within relevant parameters to meet an identified need and to motivate proposed changes using relevant evidence within the learner's licensing mandate and the organisation's code of ethics.
  • Information is gathered, analysed and evaluated in order to determine a management strategy for a specific business unit.
  • Information is communicated coherently in writing and verbally in compliance with legislated requirements.

    Exit points for learners who do not complete the Qualification
  • Learners will be credited with Unit Standards in which they have proved
    competence.
  • Learners who complete individual Unit Standards but who do not
    complete this Qualification retain their credits. However, should the substance of the Unit Standards change, the validity of the credit towards the Qualification may be reviewed.
  • Learners who change their provider or learning site before completing
    the Qualification may transfer their credits to the new learning site.
  • An official, original SAQA record of learning is required as proof of learning before the learner is officially transferred to the new learning site.

    Integrated assessment

    Assessment practices must be fair, transparent, valid and reliable and should ensure that no learner is disadvantaged. Learners who wish to be assessed against this standard should direct enquiries to a relevant ETQA.

    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 Unit Standards should be integrated. Assessment in communication, mathematical literacy and financial literacy should use authentic workplace contexts wherever practical.

    Assessment has a formative monitoring function. Formative assessment should be used to assess gaps in the learners' 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 Unit Standards, but should not be the only form of assessment.

    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 Unit Standards and programmes should be designed to extend and further reflect the integration.

    Before The National Certificate in Financial Services: Management: Level 4 is awarded learners are required to demonstrate competence in the required Unit Standards and complete a summative assessment based on the exit outcomes of the Qualification. 

  • INTERNATIONAL COMPARABILITY 
    The Qualification was compared with similar Qualifications in New Zealand and the United Kingdom. This Qualification was found to be equivalent to the New Zealand Qualification entitled, National Diploma in Business (level 4). 

    ARTICULATION OPTIONS 
    N/A 

    MODERATION OPTIONS 
    This Qualification will be internally assessed by the provider and moderated by a moderator registered by the relevant ETQA, or by an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Anyone assessing a learner or moderating the assessment of a learner against this Qualification must be registered as an assessor with the Services Education, Training, Quality, Assurance (ETQA) Body.
  • Any institution offering learning that will enable the achievement of this Qualification must be accredited as a provider with the relevant ETQA.
  • Assessment and moderation of assessment will be overseen by the relevant ETQA according to the ETQA's policies and guidelines for assessment and moderation; in terms of agreements reached around assessment and moderation between ETQAs (including professional bodies); and in terms of the moderation guideline detailed immediately below.
  • Moderation must include both internal and external moderation of assessments at exit points of the qualification, unless ETQA policies specify otherwise. Moderation should also encompass achievement of the competence described both in individual unit standards as well as the integrated competence described in the qualification.

    Anyone wishing to be assessed against this Qualification may apply to be assessed by any assessment agency, assessor or provider institution that is accredited by the relevant ETQA. 

  • CRITERIA FOR THE REGISTRATION OF ASSESSORS 
  • Assessors must be registered with a relevant accredited ETQA, or by an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Moderators, competent at the level of the Qualification are registered by a relevant accredited ETQA, or by an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Moderators are required to be competent in assessment practices.
  • Institutions and providers offering learning that will lead to the achievement of this Qualification must be accredited as providers with a relevant accredited ETQA, or by an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • The relevant accredited ETQA will monitor and quality assure moderation and assessment according to guidelines in the Qualification and ETQA. 

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

    NOTES 
    N/A 

    UNIT STANDARDS: 
      ID UNIT STANDARD TITLE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
    Core  13914  Conduct a formal meeting  Level 3  NQF Level 03 
    Core  114216  Explain the manager`s role in identifying and referring vulnerable or at risk employees  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  12168  Analyse the Financial Services industry and the role of insurance in a business environment  Level 4  NQF Level 04 
    Core  13949  Apply technical knowledge and skill to align business unit performance to business goals  Level 4  NQF Level 04 
    Core  13941  Apply the budget function in a business unit  Level 4  NQF Level 04 
    Core  13953  Apply the principles of situational leadership to a business unit  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  12164  Demonstrate knowledge and insight of the Financial Advisory and Intermediary Services Act (FAIS) (Act 37 of 2002)  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  13954  Manage risk in own work/business environment  Level 4  NQF Level 04 
    Core  114215  Mentor a colleague to enhance the individual`s knowledge, skills, values and attitudes in a selected career path  Level 4  NQF Level 04 
    Fundamental  8968  Accommodate audience and context needs in oral communication  Level 3  NQF Level 03 
    Fundamental  8969  Interpret and use information from texts  Level 3  NQF Level 03 
    Fundamental  8973  Use language and communication in occupational learning programmes  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  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  10387  Investigate ways of managing financial risk in own lives  Level 4  NQF Level 04 
    Fundamental  8975  Read analyse and respond to a variety of texts  Level 4  NQF Level 04 
    Fundamental  9016  Represent analyse and calculate shape and motion in 2-and 3-dimensional space in different contexts  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  113909  Coach a team member in order to enhance individual performance in work environment  Level 3  NQF Level 03 
    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  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  114966  Explain the types of compulsory statutory insurance in South Africa  Level 3  NQF Level 03 
    Elective  13911  Induct a new member into a team  Level 3  NQF Level 03 
    Elective  10712  Manage personal expenditure  Level 3  NQF Level 03 
    Elective  14999  Analyse people related risks in an organisation in order to control the risk  Level 4  NQF Level 04 
    Elective  12154  Apply comprehension skills to engage oral texts in a business environment  Level 4  NQF Level 04 
    Elective  12155  Apply comprehension skills to engage written texts in a business environment  Level 4  NQF Level 04 
    Elective  114209  Apply Return on Investment (ROI) theory and practice to a business unit  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  13950  Apply technical knowledge and skill in order to manage risk in occupational health and occupational hygiene  Level 4  NQF Level 04 
    Elective  10391  Demonstrate knowledge and insight into legislation relating to marriage, divorce and maintenance as it applies to employee retirement and insurance benefits  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  10377  Demonstrate knowledge and insight into the Compensation for Occupational Injury and Disease Act 130 of 1993 (COIDA)  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  10394  Demonstrate knowledge and understanding of how the insurance industry responds to different needs in the Group Retirement Benefits market  Level 4  NQF Level 04 
    Elective  15007  Demonstrate knowledge and understanding of South African law and the regulation of risk management  Level 4  NQF Level 04 
    Elective  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 
    Elective  10393  Demonstrate knowledge and understanding of the Primary legislation that impacts on retirement funds  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  15008  Determine risk exposure in order to manage the risk in a specific situation  Level 4  NQF Level 04 
    Elective  10385  Develop a business plan for a small business  Level 4  NQF Level 04 
    Elective  114208  Develop a strategy to manage compromised employee wellbeing  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  113928  Explain the application of the Promotion of Access to Information Act, 2 of 2002 and the Electronic Transactions and Communications Act, 25 of 2002, in Wealth Management  Level 4  NQF Level 04 
    Elective  113917  Explain the basic principles of asset management that apply to financial markets and insurance  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  114212  Explain the impact of organisational wellness on a business environment and indicate a strategy for a business unit  Level 4  NQF Level 04 
    Elective  113932  Explain the Medicines and Related Substances Control Amendment Act, 59 of 2003, as it impacts on medical schemes  Level 4  NQF Level 04 
    Elective  14995  Explain the nature of risk and the risk management process  Level 4  NQF Level 04 
    Elective  14319  Explore strategies to retain or expand existing business in the insurance/investment industry  Level 4  NQF Level 04 
    Elective  10386  Investigate the possibilities of establishing and running a small business enterprise (SMME)  Level 4  NQF Level 04 
    Elective  13947  Motivate a team  Level 4  NQF Level 04 
    Elective  13948  Negotiate an agreement or deal in an authentic work situation  Level 4  NQF Level 04 
    Elective  114206  Analyse the strategic impact of a successful wellness programme  Level 5  Level TBA: Pre-2009 was L5 
    Elective  15096  Demonstrate an understanding of stress in order to apply strategies to achieve optimal stress levels in personal and work situations  Level 5  Level TBA: Pre-2009 was L5 
    Elective  15094  Demonstrate insight into the application of theories of Emotional and Spiritual Intelligence in personal development  Level 5  Level TBA: Pre-2009 was L5 


    LEARNING PROGRAMMES RECORDED AGAINST THIS QUALIFICATION: 
     
    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. Indwe Risk Services (Pty) Ltd 
    4. Intelligent Compliance & Education 
    5. Masifunde Training Centre (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.