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

Demonstrate insight into current global events and their potential impact on the financial services sector in South Africa 
SAQA US ID UNIT STANDARD TITLE
14553  Demonstrate insight into current global events and their potential impact on the financial services sector in South Africa 
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 6  Level TBA: Pre-2009 was L6  10 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Registered" 
2003-08-13  2006-08-13  SAQA 0249/03 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2007-08-13   2010-08-13  

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
230072  Demonstrate insight into current global events and their potential impact on a business sector in South Africa  Level 6  Level TBA: Pre-2009 was L6  10  Complete 

PURPOSE OF THE UNIT STANDARD 
This unit standard is intended to promote an in depth knowledge and understanding of current affairs in a business sector in order to ensure knowledgeable and informed workers. It requires application of knowledge of the macro environment requires the analysis and interpretation of current affairs as they could impact on a selected business sector. It provides an opportunity for the learner to integrate theory and practice and to engage in thinking processes at a high level.

The qualifying learner is capable of:
  • Using current events to illustrate how local and global legislation, codes and agreements can impact on a specific business sector
  • Applying knowledge of basic economics to interpret current events in the macro environment
  • Using current vents to illustrate how global political aspects impact on a business sector
  • Tracing the sequence in a series of events to illustrate interrelationships and consequences on a business sector
  • Predicting possible outcomes of current events on a business sector 

  • 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, Mathematical Literacy and Financial Literacy at NQF Level 4. 

    UNIT STANDARD RANGE 
    The typical scope of this unit standard is:
  • Articles from business journals and publications, news from printed or electronic media
  • The macro environment includes the social, political, economic and natural environments 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Use current events. 
    OUTCOME NOTES 
    Use current events to illustrate how local and global legislation, codes and agreements can impact on a specific business sector. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Knowledge of legislation, codes and agreements is applied to at least five current events and an explanation is offered as to how these will/will not impact on a selected business sector. 

    ASSESSMENT CRITERION 2 
    2. Global corporate events or trends are analysed and the effects on a specific business sector are explained for at least two different events. 

    ASSESSMENT CRITERION 3 
    3. Reports indicating trends in legislation in three different countries are compared to the South African situation and inferences are made as to how international trends could possibly influence South African legislation. 

    ASSESSMENT CRITERION 4 
    4. Current event are analysed in the light of international agreements and accords and an indication is given of how these influence the selected business sector. 

    ASSESSMENT CRITERION 5 
    5. A high-level regulatory risk profile is compiled for a specific business sector based on current events. 

    SPECIFIC OUTCOME 2 
    Apply knowledge of basic economics to interpret global and current events in the macro environment. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The effects of three current events are interpreted with reference to their impact on all sectors of the macro economic environment. 

    ASSESSMENT CRITERION 2 
    2. Micro economic environmental issues are interpreted for three current events. 

    ASSESSMENT CRITERION 3 
    3. The relationship between the South African National Budget and current events is explained with reference to the impact of a specific event on the current budget. 

    ASSESSMENT CRITERION 4 
    4. Reasons why a specific news report has been published and the author's intention and position are inferred and substantiated for five new events. 

    SPECIFIC OUTCOME 3 
    Use current events to illustrate how global political aspects impact on a business sector. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Global political situations are analysed and the effects on a sector market are explained for two different events. 

    ASSESSMENT CRITERION 2 
    2. The impact of global political events on the South African economy is explained with examples from a selected business sector. 

    SPECIFIC OUTCOME 4 
    Trace the sequence in a series of events to illustrate interrelationships and consequences. 
    OUTCOME NOTES 
    Trace the sequence in a series of events to illustrate interrelationships and consequences in a business sector. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. A core event that has impacted on a situation in South Africa is identified for a specific business sector. 

    ASSESSMENT CRITERION 2 
    2. A probable sequence of events leading up to the core event is traced and substantiated with reference to the impact of the events on a specific business sector. 

    SPECIFIC OUTCOME 5 
    Predict possible outcomes of current events on a business sector. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. Three business models are researched and an appropriate model is selected or developed to explain the potential effect of an event. 

    ASSESSMENT CRITERION 2 
    2. The selected model is used to interpret a current event and to simulate the potential effect on a business sector. 

    ASSESSMENT CRITERION 3 
    3. A possible plan of action is proposed that will minimise downside and optimise upside risk in a specific situation. 


    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 
    The learners is able to identify and solve problems in which responses show that responsible decisions using critical and creative thinking have been made in proposing a plan of action to deal with risk in a specific situation and in analysing and interpreting effects and consequences of current events on a business sector. 

    UNIT STANDARD CCFO ORGANISING 
    The learner is able to organise and manage him/herselfand his/her activities responsibly and effectively in collecting and organising a portfolio of evidence for the assessment of this unit standard. 

    UNIT STANDARD CCFO COLLECTING 
    The learner is able to collect, organise and evaluate information when researching and interpreting current affairs and indicating the possible impact of current events on a business sector. 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner is able to communicate effectively using visual, mathematics and language skills when presenting the findings of his/her research. 

    UNIT STANDARD CCFO SCIENCE 
    The learner is able to use science and technology effectively and critically showing responsibility towards the environment and the health of others in accessing information from electronic media to support an argument. 

    UNIT STANDARD CCFO DEMONSTRATING 
    The learner is able to demonstrate an understanding of the world as a set of related systems when analysing, comparing and interpreting events and their impact on a business sector. 

    UNIT STANDARD CCFO CONTRIBUTING 
    The learner is able to explore a variety of strategies of learning when gathering information from a broad spectrum of media. 

    UNIT STANDARD ASSESSOR CRITERIA 
    Portfolio assessment over a period of six months is required for this unit standard. 

    UNIT STANDARD NOTES 
    This unit standard has been replaced by unit standard 230072, which is " Demonstrate insight into current global events and their potential impact on a business sector in South Africa ", Level 6, 10 Credits. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  48865   National Diploma: Policing  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Registered" 
    2007-12-02  Was SAS SETA until Last Date for Achievement 
    Fundamental  20909   National First Degree: Customer Management  Level 6  Level TBA: Pre-2009 was L6  Passed the End Date -
    Status was "Reregistered" 
    2018-06-30   
    Fundamental  20905   National First Degree: Marketing Communication  Level 6  NQF Level 07  Reregistered  2021-06-30  As per Learning Programmes recorded against this Qual 
    Fundamental  20901   National First Degree: Marketing Management  Level 6  Level TBA: Pre-2009 was L6  Passed the End Date -
    Status was "Reregistered" 
    2018-06-30   
    Fundamental  20897   National First Degree: Marketing Research  Level 6  Level TBA: Pre-2009 was L6  Passed the End Date -
    Status was "Reregistered" 
    2018-06-30   


    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.
     
    NONE 



    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.