SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Analyse and evaluate the impact of macroeconomic data on the operating environment of the public sector 
SAQA US ID UNIT STANDARD TITLE
119347  Analyse and evaluate the impact of macroeconomic data on the operating environment of the public sector 
ORIGINATOR
SGB Public Administration and Management 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Public Administration 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 5  Level TBA: Pre-2009 was L5  12 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
Learners working towards this standard will be working within a Public Sector environment, specialising in Public Finance Management and Administration, where the acquisition of competence against this standard will add value to one's job. This standard will also add value to public officials who are seeking to develop a career pathway towards becoming an accomplished public finance management and administration specialist.

The qualifying learner is capable of:
  • Discussing the impact of macro-economic decisions on the economy and a business environment
  • Discussing the impact of macro-economic decisions on investment strategies in a business environment
  • Using economic indicators to determine the current economic cycle and possible future directions
  • Applying trends in the economic environment to a specific financial organisation
  • Demonstrating an understanding of the financial world of public finance management and administration
  • Demonstrating an understanding of the nature and importance of debt in financing public capital projects 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    Learners accessing this Unit Standard must be in possession of a Further Education and Training Certificate or equivalent qualification. 

    UNIT STANDARD RANGE 
    N/A 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Discuss the impact of macro-economic decisions on the economy and a business environment. 

    ASSESSMENT CRITERIA
     

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

    ASSESSMENT CRITERION 2 
    Imbalances that can occur in an economy are explained and an indication is given of how fiscal and monetary policy can be applied to restore balance. 

    ASSESSMENT CRITERION 3 
    Discuss the impact of macro-economic decisions on investment strategies in a business environment. 

    SPECIFIC OUTCOME 2 
    Discuss the impact of macro-economic decisions on investment strategies in a business environment. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The impact of an increase in interest rates on client behaviour is explained and an indication is given of subsequent effects on business. 

    ASSESSMENT CRITERION 2 
    The impact of an increase in tax on client behaviour is explained and an indication is given of subsequent effects on business. 

    ASSESSMENT CRITERION 3 
    The effect of foreign exchange controls on investment decisions is explained and an indication is given of the subsequent effects on business. 

    SPECIFIC OUTCOME 3 
    Use economic indicators to determine the current economic cycle and possible future directions. 

    ASSESSMENT CRITERIA
     

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

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

    ASSESSMENT CRITERION 3 
    A personal view is expressed and substantiated on the likely future movement of the economy. 

    SPECIFIC OUTCOME 4 
    Apply trends in the economic environment to a specific financial organisation. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Areas of a business that are affected by changes in the macro environment are identified and an indication is given of why and how the changes impact on that area. 

    ASSESSMENT CRITERION 2 
    The impact of changes in the macro environment on the business client relationship is analysed and an indication is given of how this change could be managed in a selected business. 

    ASSESSMENT CRITERION 3 
    The impact of changes in the macro-environment on business risk is analysed with reference to pricing, guarantees and the general financial state of the business. 

    SPECIFIC OUTCOME 5 
    Demonstrate an understanding of the financial world of public finance management and administration. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Alternative views on the purpose of municipalities and the importance of municipal entities are described. 

    ASSESSMENT CRITERION 2 
    The role of the financial manager is explained. 

    ASSESSMENT CRITERION 3 
    The value of financial intermediaries are discussed. 

    ASSESSMENT CRITERION 4 
    Appreciation of the function on the major financial institutions and markets is demonstrated. 

    SPECIFIC OUTCOME 6 
    Demonstrate an understanding of the nature and importance of debt in financing public capital projects. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The nature and main types of bonds, their valuation and pricing is explained. 

    ASSESSMENT CRITERION 2 
    Main considerations for a municipality when borrowing from banks are described. 

    ASSESSMENT CRITERION 3 
    The term structure of interest rates and reasons for their existence are explained. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Any individual wishing to be assessed (including through RPL) against this unit standard may apply to an assessment agency, assessor or provider institution accredited by the relevant ETQA, or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Anyone assessing a learner against this unit standard must be registered as an assessor with the relevant ETQA, or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Any institution offering learning that will enable achievement of this unit standard or assessing this unit standard must be accredited as a provider with the relevant ETQA, or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Moderation of assessment will be conducted by the relevant ETQA at its discretion. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    The learner must demonstrate an understanding of:
  • Sources of economic data, including hard copy, news media, electronic, public databases
  • Report writing
  • Presentation skills
  • Economic indicators
  • Basic principles of micro-economics and macro-economics
  • Public Finance Management Act
  • Municipal Finance Management Act 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems using critical and creative thinking processes to interpret economic principles, theories and indicators. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team, group, organization or community to gain feedback on economic trends and developments relating to micro and macro-economics. 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one's activities responsibly and effectively in order to gather information relating to economics for integration into one's specific job context. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organize and crtically evaluate information in order to distinguish between micro-economic and macro-economic trends as they apply to the public sector. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematical and/or language in the modes of oral and/or written persuasion to present economic theories as they relate to the public sector. 

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively and critically, showing responsibility to the environment and health of others in obtaining economic information. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of interrelated systems by recognising that problem-solving contexts relating to economics do not exist in isolation and that there are interdependencies among different sectors of the economy, markets and economic flows. 

    UNIT STANDARD CCFO CONTRIBUTING 
    Participating as responsible citizens in the life of local, national and global communities by analyzing economics and integrating the principles into all spheres of life. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

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

    UNIT STANDARD NOTES 
    N/A 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  49554   National Diploma: Public Finance Management and Administration  Level 5  NQF Level 05  Reregistered  2023-06-30  LG SETA 
    Elective  64670   National Certificate: Public Financial Oversight and Accountability  Level 6  Level TBA: Pre-2009 was L6  Reregistered  2023-06-30  PSETA 


    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. A4 Consultancy CC 
    2. ABA Sebenzi 
    3. Africa Corporate Training Institute and HR Consulting 
    4. Africa Institute For Public Administration 
    5. Akili Training 
    6. All Access Holdings 
    7. Alpha Business Consultants 
    8. Amabamba Recruitment 
    9. Ashley Maloka Consulting 
    10. AVAX SA 481 CC. T/A Mandisa Development Services 
    11. AVC Corporate Advisory Services (PTY) LTD. 
    12. Bantubanye Skills 
    13. Bavuse Trading Enterprises cc 
    14. Bikologix Projects 
    15. Blue Poplar 
    16. Boikgantsho Consulting & Events 
    17. Break The Chains Development Services 
    18. Buena Vista Learning Academy 
    19. Chuma Development Consultants 
    20. Cool Ideas 1016 (Pty) LTD t/a ESP Consulting 
    21. CTC College(PTY) LTD. 
    22. Dean Institute Of Learning (Pty) Ltd 
    23. Deloitte & Touche 
    24. Development Bank of Southern Africa (DBSA) 
    25. Dijama Training Academy 
    26. Elective Training Institute Enterprise CC 
    27. Execuprime Business College (Pty) Ltd 
    28. Express Model 405 
    29. Glere Skills and Consultants 
    30. GOBELA CONSULTING 
    31. Growth Management Consulting 
    32. Hamonate Consulting 
    33. Hlombe and Associates 
    34. HS GLOBAL SKILLS BUSINESS SOLUTIONS 
    35. Ikhaya Training and Consulting 
    36. Ilinge Labantu Debt Solution 
    37. Institute of Health and Social Care Studies 
    38. IQ Skills Academy (PTY) LTD. 
    39. Isipho Equiping (Pty) Ltd 
    40. Jobafrik Consulting 
    41. Josmap Training Institute 
    42. Kalideen Management 
    43. Kamanga Skills Projects 
    44. Kgolo Institute 
    45. Kgotla Trading Enterprise 
    46. Kia Chuma 
    47. KYM MANAGEMENT CONSULTING 
    48. Leronsa Trading Enterprise 
    49. Letlhokoa Management Services CC 
    50. Letlotlo La Gae (Pty) Ltd 
    51. Management College of Southern Africa (MANCOSA) 
    52. Mangalani Business Enterprises 
    53. Manpower Skills Academy 
    54. Marcado Human Resources Strategies 
    55. Maritime Business Institute 
    56. Mashphe Logistics Services 
    57. MATEPE INVESTMENTS (PTY) LTD 
    58. Mgwezane Training and Events Management CC. 
    59. Miczo's Enterprise 
    60. Mission Point Consulting 
    61. MJ Mafunisa Consulting (PTY) LTD 
    62. Mod-Mosh Projects and Consulting (PTY) LTD 
    63. Mortarboard Training Solutions 
    64. Motheo Skills Entity 
    65. Nemalale Eagles Consultancy CC 
    66. Nhlahle Development Agency 
    67. NJ & L Trading Enterprise CC. 
    68. Nkqubela Community Developers 
    69. NORKEM LEADERSHIP DEVELOPMENT INSTITUTE (PTY) LTD 
    70. NS Global Academy 
    71. Ntsangalala Business Enterprise 
    72. Nyankwavi Investment CC. 
    73. Outeniqua Leadership Institute 
    74. Pachi Global Foundation 
    75. PanAfrican Supply Chain Academy 
    76. Pebetse Training and Consulting 
    77. Pioneer Business Consulting 
    78. Power Rush Trading 170 CC. 
    79. Powernexus 
    80. Qabuka-Vuka Development Trading 
    81. Resonance Institue of Learning 
    82. Sasalethu Consulting and Associates 
    83. Solstice Networks CC. 
    84. Summat Training Institute 
    85. SWARANANG MANAGEMENT CONSULTING CC 
    86. Talent Emporium Academy (PTY) Ltd 
    87. Thubelihle Graduate Institute 
    88. Thuto-Boswa Education and Training Solution 
    89. Tlaletso Consultants 
    90. Tsebong Training Centre 
    91. Tuns Trading and Projects (Pty) Ltd 
    92. Ukhamba Quality Skills 
    93. Umqondo Consultancy 
    94. University of North West 
    95. University of Pretoria 
    96. University of Venda 
    97. Vicmat Consultants 
    98. Vuselela FET College - Klerksdorp Campus 
    99. Wits University 
    100. Ya Hina Management Consulting and projects 



    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.