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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Demonstrate knowledge and insight into the impact of HIV/AIDS on financial products, markets and the workforce 
SAQA US ID UNIT STANDARD TITLE
230069  Demonstrate knowledge and insight into the impact of HIV/AIDS on financial products, markets and the workforce 
ORIGINATOR
SGB Insurance and Investment 
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-Fundamental  Level 6  Level TBA: Pre-2009 was L6 
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 replaces: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
14510  Demonstrate knowledge and insight into the impact of HIV/AIDS on financial products, markets and the workforce  Level 6  Level TBA: Pre-2009 was L6  Complete 

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is intended to promote knowledge and understanding of the impact of HIV/AIDS on the financial services market and the products developed in response to the challenges posed by the AIDS pandemic. While the Unit Standard is intended for learners in the financial services sector, it will be useful for learners in senior positions in other sectors.

The qualifying learner is capable of:
  • Analysing the needs of the individual in the market as a consequence of the HIV/AIDS pandemic.
  • Interpreting the impact of HIV/AIDS on the employer and provider of employee benefits.
  • Analysing the appropriateness of selected financial products.
  • Demonstrating insight into global trends in respect of HIV/AIDS and the impact on people, financial products and the workforce. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that learners are competent in Communication at NQF Level 4. 

    UNIT STANDARD RANGE 
    The typical scope of this Unit Standard is:
  • Stakeholders include, but are not limited to, regulators, the State, shareholders, employees, employers, Unions and the community.
  • Current developments or cures include, but are not limited to affordability, methods and costs of establishing HIV status, profitability and methods of distributing or marketing products.
  • Clients in this context refer to individuals, Corporates, Retirement Funds or Medical Schemes. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Analyse the needs of the individual in the market as a consequence of the HIV/AIDS pandemic. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The medical needs of people infected with HIV are analysed with reference to basic nutrition, medication and the availability and cost of treatment and the implementation of HIV/AIDS programmes in the workplace. 

    ASSESSMENT CRITERION 2 
    The needs of people affected by HIV/AIDS are analysed in terms of access to medical care, counseling needs, home care and financial protection. 

    ASSESSMENT CRITERION 3 
    The needs of families who have lost breadwinners are analysed in terms of their financial needs. 

    ASSESSMENT CRITERION 4 
    The needs of the market in relation to funerals are analysed with reference to cultural demands and economic reality. 

    SPECIFIC OUTCOME 2 
    Interpret the impact of HIV/AIDS on the employer and provider of employee benefits. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The impact of HIV on a selected workplace is analysed with reference to productivity, training costs, recruiting, multi-skilling, morale, financial results and stakeholder expectations. 

    ASSESSMENT CRITERION 2 
    The knock on effect of an employee with HIV on suppliers is explained in terms of dependencies. 

    ASSESSMENT CRITERION 3 
    The end user of a specific product is identified and an indication is given of the impact of HIV end user spending patterns. 

    ASSESSMENT CRITERION 4 
    The importance of Retirement Funds, Medical Schemes, employers and employees knowing their members/employees HIV status is explained with reference to voluntary counseling and testing (VCT) and the advantages of reducing uncertainty. 

    ASSESSMENT CRITERION 5 
    The impact of HIV on the cost and structure of Employee Benefits is analysed with reference to risk and retirement benefits. 

    SPECIFIC OUTCOME 3 
    Analyse the appropriateness of selected financial products. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    A financial product is analysed in terms of its effectiveness in meeting the needs of a selected market or business entity. 

    ASSESSMENT CRITERION 2 
    A financial product is selected to meet the needs of clients in the light of the prevalence of HIV/AIDS in a selected market. 

    SPECIFIC OUTCOME 4 
    Demonstrate insight into global trends in respect of HIV/AIDS and the impact on people, financial products and the workforce. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The impact of HIV/AIDS on business in a developed and less developed region is compared and an indication is given of how HIV status affects products, markets and the workforce. 

    ASSESSMENT CRITERION 2 
    The projected population pyramids of different countries three years hence are interpreted with reference to HIV status and the social and economic implications for each country. 

    ASSESSMENT CRITERION 3 
    Current developments in HIV/AIDS research are investigated and the potential impact of the research is discussed with reference to people, product development, markets and the workforce. 

    ASSESSMENT CRITERION 4 
    The potential impact of the discovery of a cure or vaccine for HIV on financial services products is explained with reference to a selected sub sector. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    1. Anyone assessing a candidate against this Unit Standard must be registered as an assessor with the relevant ETQA or ETQA where a Memorandum of Understanding (MOU) exists with the relevant ETQA.

    2. Any institution offering learning that will enable achievement of this Unit Standard must be accredited as a provider through the relevant ETQA or ETQA where a Memorandum of Understanding (MOU) exists with the relevant ETQA.

    3. Moderation of assessment will be overseen by the relevant ETQA according to the moderation guidelines and the agreed ETQA procedures. 

    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 learner is able to identify and solve problems in which responses show that responsible decisions using critical thinking have been made in proposing possible ways to adapt financial products to meet current needs. 

    UNIT STANDARD CCFO COLLECTING 
    The learner is able to collect, organise and critically evaluate information in analysing the needs of the individual in the market. 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner is able to communicate effectively in explaining the various aspects required in the standard and interpreting population pyramids. 

    UNIT STANDARD CCFO DEMONSTRATING 
    The learner is able to demonstrate an understanding of the world as a set of related systems in understanding the impact of HIV/AIDS on financial products, markets and the workforce. 

    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 
    This unit standard replaces unit standard 14510, 'Demonstrate knowledge and insight into the impact of HIV/AIDS on financial products, markets and the workforce', level 6, 6 credits. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  57918   National Certificate: Short Term Insurance  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2023-06-30  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. African Resources & Financial Training (Pty) Ltd 
    2. Invuya Institute of Learning (Pty) Ltd 
    3. Masifunde Training Centre (Pty) Ltd 
    4. Ripple Effect 4 (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.