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 THAT HAS PASSED THE END DATE: 

Indicate how different needs lead to the development of different investment products 
SAQA US ID UNIT STANDARD TITLE
12183  Indicate how different needs lead to the development of different investment products 
ORIGINATOR
SGB Financial Services 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 4  NQF Level 04 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Reregistered" 
2004-12-02  2005-08-17  SAQA 1657/04 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2006-08-17   2009-08-17  

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 is replaced by: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
119680  Indicate how different needs lead to the development of different investment products  Level 4  NQF Level 04  Complete 

PURPOSE OF THE UNIT STANDARD 
This unit standard deals with the background needed to deepen understanding of the people who make up the investment market in South Africa. It allows for the collection, presentation and interpretation of data that provides insight into the industry.

The qualifying learner is capable of
  • Surveying opinions on the need for investments in two different socio economic communities.
  • Comparing different investment products in South Africa for a short term, long term and medium term investment.
  • Matching the needs of potential investors with available investment products.
  • Interpreting statistical information to determine investments most valued by two socio economic communities. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    There is open access to this unit standard. Learners should be competent in Communication, Financial Literacy and Mathematical Literacy at NQF Level 3. 

    UNIT STANDARD RANGE 
    The typical scope of this unit standard is:
  • A survey of a sample of 10 people from each of two different communities.
  • Formulation of a questionnaire to establish why people would/not purchase a particular investment product.
  • Graphic presentation in a bar graph, line graph or pie chart.
  • Decision making/selection of a product from a specific company according to needs.
  • Particular events include loss, e.g. death, legal disability; change in life status e.g. birth, adoption of a child, marriage, divorce, retrenchment, retirement.
  • Published data accessed from Annual Reports, Statistics SA, SA Reserve Bank, newspapers and other financial media. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Survey opinions on the need for investments in two different socio economic communities. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The investment needs of two different socio economic communities are compared in terms of their lifestyle, needs, buying power and value systems. 

    ASSESSMENT CRITERION 2 
    2. The reasons why people would/would not choose a particular investment product are explored by means of a survey. 

    ASSESSMENT CRITERION 3 
    3. Existing investment products offered by various providers are listed and compared to the community needs identified in the survey. 

    ASSESSMENT CRITERION 4 
    4. A gap analysis is conducted to identify where the existing products do not meet the consumer needs for the communities surveyed. 

    ASSESSMENT CRITERION 5 
    5. The information obtained from the survey is represented graphically. 

    SPECIFIC OUTCOME 2 
    Compare the different investment products in South Africa for a short term, long term & medium term 
    OUTCOME NOTES 
    Compare the different investment products in South Africa for a short term, long term and medium term investments. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The different investment products are classified and compared and reasons for the differences between the markets are given with reference to the historical and cultural situation in South Africa. 

    ASSESSMENT CRITERION 2 
    2. The potential for marketing the different investment products is explored in terms of the nature of the risk and return elements suited to the different socio economic communities. 

    ASSESSMENT CRITERION 3 
    3. The effects of a particular event on a person are compared for a scenario with or without investments or savings. 

    ASSESSMENT CRITERION 4 
    4. Existing avenues for investment options for consumers in lower income groups are investigated and possibilities for investment are presented in a poster. 

    ASSESSMENT CRITERION 5 
    5. The tax implications of two particular investment products are compared in terms of actual return on investment. 

    SPECIFIC OUTCOME 3 
    Match the needs of potential investors with available investment products. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Data from the survey of the two different socio economic communities is used to group people according to their investment needs. The wants and needs of people are compared for different groups in terms of age, income, commitments and risk priorities. 

    ASSESSMENT CRITERION 2 
    2. The different investment products and services available in the industry are named and an indication is given of the profile of consumers most likely to invest in the products indicated. 

    ASSESSMENT CRITERION 3 
    3. Two similar products offered by two selected investment companies are named and a decision is made as to which of the products offers the best possible return considering risk, tax and liquidity in the learner's opinion and circumstances. 

    ASSESSMENT CRITERION 4 
    4. Suggestions are made for new products that combine or offer different combinations of insurance or investments or meet different needs of potential new customers. 

    ASSESSMENT CRITERION 5 
    5. A plan is presented for an awareness or advocacy campaign to introduce the idea of investment to potential new investors. 

    SPECIFIC OUTCOME 4 
    Interpret statistical information to determine the type of investments most valued 
    OUTCOME NOTES 
    Interpret statistical information to determine the type of investments most valued by the two socio-economic communities. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Different interpretations that could be given to the data from own and other's surveys are considered and compared in terms of the most valued types of investment product. 

    ASSESSMENT CRITERION 2 
    2. The survey data is interpreted and possible reasons are suggested for trends indicated in the data. 

    ASSESSMENT CRITERION 3 
    3. The type of investment most valued by different communities is compared from published statistics at different periods over the past 10 years. 

    ASSESSMENT CRITERION 4 
    4. Published data is interpreted and possible social, political and environmental reasons are suggested for trends in the data. 

    ASSESSMENT CRITERION 5 
    5. Implications of the trends in different communities are indicated for the investment industry. 

    SPECIFIC OUTCOME 5 
    Survey opinions on the need for investments in two different socio economic communities. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The investment needs of two different socio economic communities are compared in terms of their lifestyle, needs, buying power and value systems. 

    ASSESSMENT CRITERION 2 
    2. The reasons why people would/would not choose a particular investment product are explored by means of a survey. 

    ASSESSMENT CRITERION 3 
    3. Existing investment products offered by various providers are listed and compared to the community needs identified in the survey. 

    ASSESSMENT CRITERION 4 
    4. A gap analysis is conducted to identify where the existing products do not meet the consumer needs for the communities surveyed. 

    ASSESSMENT CRITERION 5 
    5. The information obtained from the survey is represented graphically. 

    SPECIFIC OUTCOME 6 
    Compare the different investment products in South Africa. 
    OUTCOME NOTES 
    Compare the different investment products in South Africa for a short term, long term and medium term investments. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Three different investment products are classified and compared with reference to risk and target market. 

    ASSESSMENT CRITERION 2 
    2. The potential for marketing the different investment products is explored in terms of the nature of the risk and return elements suited to the different socio economic communities. 

    ASSESSMENT CRITERION 3 
    3. The effects of a particular event on a person are compared for a scenario with or without investments or savings. 

    ASSESSMENT CRITERION 4 
    4. Existing avenues for investment options for consumers in lower income groups are investigated and possibilities for investment are presented in a poster. 

    ASSESSMENT CRITERION 5 
    5. The possible tax implications of two different types of investment products are compared in terms of actual return on investment. 

    SPECIFIC OUTCOME 7 
    Match the needs of potential investors with available investment products. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Data from the survey of the two different socio economic communities is used to group people according to their investment needs. 

    ASSESSMENT CRITERION 2 
    2. The wants and needs of people are compared for different groups in terms of age, income, commitments and risk priorities. 

    ASSESSMENT CRITERION 3 
    3. Three different investment products and services available in the industry are named and an indication is given of the profile of consumers most likely to invest in the products indicated. 

    ASSESSMENT CRITERION 4 
    4. Two similar products offered by two selected financial services organisations are named and a decision is made as to which of the products offers the best possible option considering risk, return, tax and liquidity in the learner`s opinion and circumstances. 

    ASSESSMENT CRITERION 5 
    5. Suggestions are made for a new product that combines or offers different combinations of insurance or investments or meets different needs of potential new customers. 

    ASSESSMENT CRITERION 6 
    6. A plan is presented for an awareness or advocacy campaign to introduce the idea of investment to potential new investors. 

    SPECIFIC OUTCOME 8 
    Interpret statistical information to determine investments most valued. 
    OUTCOME NOTES 
    Interpret statistical information to determine investments most valued by the two socio-economic communities. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Different interpretations that could be given to the data from own and other`s surveys are considered and compared in terms of the most valued investment products. 

    ASSESSMENT CRITERION 2 
    2. The survey data is interpreted and possible reasons are suggested for trends indicated in the data. 

    ASSESSMENT CRITERION 3 
    3. Published data is interpreted and possible social, political and environmental reasons are suggested for trends in the data. 

    ASSESSMENT CRITERION 4 
    4. Implications of a selected trend in different communities are indicated for the investment industry. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    This unit standard will be internally assessed by the provider and moderated by a moderator registered by INSQA or a relevant accredited ETQA. The mechanisms and requirements for moderation are contained in the document obtainable from INSQA, INSQA framework for assessment and moderation. 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    N/A 

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
  • Learners can identify and solve problems by interpreting the data collected from their own surveys and by making decisions regarding investments affording the possible return considering risk, tax and liquidity.
  • A learner is able to identify entrepreneurial opportunities by exploring the potential for marketing investment products, and by planning an awareness campaign to introduce the concept of investments to new investors. 

  • UNIT STANDARD CCFO ORGANISING 
    A learner is able to organise and manage his/her activities responsibly and effectively when developing a questionnaire and scheduling interviews. 

    UNIT STANDARD CCFO COLLECTING 
    A learner is able to collect, organise and evaluate information when interpreting the statistical information accumulated during the interviews with his/her sample group and in evaluating financial information against set criteria. 

    UNIT STANDARD CCFO COMMUNICATING 
    A learner is able to communicate effectively using visual, mathematics and language skills when interviewing a sample of the community and presenting the findings graphically and visually. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Learners can demonstrate cultural sensitivity by understanding individual preferences most valued by different socio economic communities in terms of their investment needs. 

    UNIT STANDARD CCFO CONTRIBUTING 
    A learner is able to act as a responsible citizen in the South African community by promoting savings and investments as a national priority. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    UNIT STANDARD NOTES 
    This unit standard has been replaced by unit standard 119680, which is 'Indicate how different needs lead to the development of different investment products', Level 4, 5 credits. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  20638   National Certificate: Collective Investment Schemes  Level 4  NQF Level 04  Passed the End Date -
    Status was "Registered" 
    2004-12-05  INSETA 
    Elective  48493   National Certificate: Financial Services: Wealth Management  Level 4  NQF Level 04  Passed the End Date -
    Status was "Registered" 
    2007-02-11  Was INSETA until Last Date for Achievement 
    Elective  20774   National Certificate: Insurance: Long Term: Risk Assessment  Level 4  NQF Level 04  Passed the End Date -
    Status was "Registered" 
    2004-12-05  Was INSETA until Last Date for Achievement 
    Elective  20773   National Certificate: Long Term Insurance  Level 4  NQF Level 04  Passed the End Date -
    Status was "Registered" 
    2004-12-05  INSETA 


    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. CKP Development Agency (Pty) Ltd. 
    2. Discovery Life Ltd 
    3. Faisit (Pty) Ltd 
    4. Intec College 
    5. Invuya Institute of Learning (Pty) Ltd 
    6. Masifunde Training Centre (Pty) Ltd 
    7. RJM Educational Consulting 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.