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: 

Apply knowledge of macro economic trends and indices to evaluate the potential effect on a selected portfolio 
SAQA US ID UNIT STANDARD TITLE
242587  Apply knowledge of macro economic trends and indices to evaluate the potential effect on a selected portfolio 
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  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 does not replace any other unit standard and is not replaced by any other unit standard. 

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is intended for learners who require Category II licensing under the Financial Advisory and Intermediary Services Act (FAIS) including Intermediaries involved in wealth management who invest money for clients, Broker Consultants, Account Executives, Bankers, Investment Managers of large insurers and Portfolio, Fund and Investment Managers.

The qualifying learner is capable of:
  • Analysing the impact of the major indices of the Johannesburg Securities Exchange (JSE) and indices of international bourses on a selected investment.
  • Applying knowledge of economic trends to evaluate the financial instruments in a specific portfolio.
  • Anticipating a change in the markets and proposing a financial solution.
  • Proposing a financial solution to maintain a selected investment in an unanticipated negative market. 

  • 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 4 and are working towards or have a Level 5 Financial Services Qualification or equivalent. 

    UNIT STANDARD RANGE 
    The typical scope of this Unit Standard is:
  • Events that could precipitate a sudden change in the macro economic environment include, but are not limited to, terrorist attacks, natural disasters, war, unexplained mass disinvestment, weather events, political unrest and climate change.
  • Instruments include, but are not limited to, collective investments, bonds, listed securities and cash. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Analyse the impact of the major indices of the Johannesburg Securities Exchange (JSE) and indices of international bourses on a selected investment. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Significant trends in the macro economic environment are identified and interpreted in relation to historical performance and impact on the Securities Exchange indices. 

    ASSESSMENT CRITERION 2 
    Global and national events that impact on the Johannesburg Securities Exchange indices and indices of international bourses are analysed and related to specific events. 

    SPECIFIC OUTCOME 2 
    Apply knowledge of economic trends to evaluate the financial instruments in a specific portfolio. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Ways in which different financial instruments usually react to current economic trends are explained with examples. 

    ASSESSMENT CRITERION 2 
    Current economic trends are applied to different financial instruments to advise on the long term risk to each instrument. 

    ASSESSMENT CRITERION 3 
    The financial risk in a specific portfolio is evaluated in relation to the current trend. 

    SPECIFIC OUTCOME 3 
    Anticipate a change in the markets and propose a financial solution. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Current trends that could indicate that a particular share or portfolio is overvalued are identified with reference to the embedded value of the company. 

    ASSESSMENT CRITERION 2 
    Issues of management in an organisation are explained with reference to the positive and negative affect of management on investment performance. 

    ASSESSMENT CRITERION 3 
    The potential impact of changes in technology on a specific investment is interpreted in order to anticipate positive or negative movement in a specific market. 

    ASSESSMENT CRITERION 4 
    Anticipated changes are applied to a selected investment in order to propose a financial solution. 

    SPECIFIC OUTCOME 4 
    Propose a financial solution to maintain a selected investment in an unanticipated negative environment. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Events that could precipitate a sudden change in the macro environment are identified and related to similar historical events to anticipate the potential impact on an investment. 

    ASSESSMENT CRITERION 2 
    Knowledge of economic trends is applied to advise a client on an investment in an unanticipated negative or hostile environment. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • 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.
  • 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.
  • 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 and creative thinking have been made proposing a financial solution in an unanticipated negative environment. 

    UNIT STANDARD CCFO COLLECTING 
    The learner is able to collect, organise and critically evaluate information investigating current trends that could indicate that a share is overvalued and in relating current trends to historical performance of an investment instrument. 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner is able to communicate effectively using visual, mathematics and language skills in proposing a financial solution. 

    UNIT STANDARD CCFO DEMONSTRATING 
    The learner is able to demonstrate an understanding of the world as a set of related systems by recognising that the relationship between economic trends and indices and events in the environment. 

    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 
    Search words:
  • Portfolio management, macro economics, financial environment. 

  • QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  66611   National Certificate: Wealth Management  Level 5  Level TBA: Pre-2009 was L5  Reregistered  2021-06-30  As per Learning Programmes recorded against this Qual 


    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 UNION SKILLS DEVELOPMENT PTY LTD 
    2. ALCARI 233 CC T/A ALCARI (Eversdal)(TP) 
    3. Boland Public FET College - Central Office 
    4. CKP Development Agency (Pty) Ltd. 
    5. COLLEGE OF CAPE TOWN 
    6. College of Cape Town - Central Office 
    7. False Bay College 
    8. Intec College 
    9. Masifunde Training Centre (Pty) Ltd 
    10. North Link College 
    11. Old Mutual Life Assurance Company South Africa 
    12. Ray Strodl Consulting (Pty) Ltd 
    13. Ripple Effect 4 (Pty) Ltd 
    14. Sanlam Life Insurance Ltd 
    15. Sanlam Life Insurance Ltd. 
    16. South Cape College 
    17. South Cape Public FET College - Central Office 
    18. The Institute of Health Risk Managers (Pty) Ltd 
    19. Umfolozi FET College - Central Office 
    20. Universal Healthcare Services (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.