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 a researched trend to individual financial risk 
SAQA US ID UNIT STANDARD TITLE
242601  Apply a researched trend to individual financial risk 
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 5  Level TBA: Pre-2009 was L5 
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
14509  Apply a researched trend to individual financial risk  Level 5  Level TBA: Pre-2009 was L5  Complete 

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is intended for people who are required to provide generalised solutions based on trends and their impact on historic and future losses. It is relevant to Financial Planners, Retirement Fund Consultants and Advisors, Intermediaries and learners in risk finance.

The qualifying learner is capable of:
  • Explaining the different indicators used to identify financial trends.
  • Demonstrating knowledge and insight into the relationship between events in the macro environment, financial indices and trends.
  • Applying knowledge and insight to predict the implications of identified trends on financial risk.
  • Applying a researched trend to individual scenarios. 

  • 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. 

    UNIT STANDARD RANGE 
    The typical scope of this Unit Standard is:
  • The macro environment includes, but is not limited to, the natural, social, economic, political, legislative and regulatory environments. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Explain the different indicators used to identify financial trends. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The role played by the Johannesburg Securities Exchange (JSE) all share index, inflation indices, interest rates, Gross Domestic Product (GDP) and the gold price as economic indicators is explained for an individual in the South African situation. 

    ASSESSMENT CRITERION 2 
    International indicators most commonly used by financial analysts in South Africa are named and an indication is given of what each indicator measures. 

    ASSESSMENT CRITERION 3 
    The long term relationship between economic indicators and researched trends is explained with examples. 

    ASSESSMENT CRITERION 4 
    The relationship between events in the legislative and regulatory environment, financial indices and economic trends is explained with examples. 

    SPECIFIC OUTCOME 2 
    Demonstrate knowledge and insight into the relationship between events in the macro environment, financial indicators and trends. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The relationship between events in the natural environment, financial indices and economic trends is explained with examples. 

    ASSESSMENT CRITERION 2 
    The relationship between events in the socio-economic and political environment, financial indices and economic trends is explained with examples. 

    ASSESSMENT CRITERION 3 
    The relationship between events in the legislative and regulatory environment, financial indices and economic trends is explained with examples. 

    SPECIFIC OUTCOME 3 
    Apply knowledge and insight to predict the implications of identified trends on financial risk. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Different kinds of financial risk are explained with reference to the implications associated with different kinds of investments. 

    ASSESSMENT CRITERION 2 
    General trends and results published in different sources are interpreted and compared to determine whether they support or contradict an identified trend. 

    ASSESSMENT CRITERION 3 
    Knowledge of trends and their implications is applied to make a generalised recommendation. 

    SPECIFIC OUTCOME 4 
    Apply a researched trend to individual scenarios. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    A financial trend based on a selected indicator is explained in terms of its potential effect on financial risk. 

    ASSESSMENT CRITERION 2 
    The implications of changes in a selected index are explained in terms of their relationship to a trend and economic factors. 


    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 COLLECTING 
    The learner is able to collect, organise and critically evaluate information in applying knowledge of trends to the relationship between events in the macro environment and indices. 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner is able to communicate effectively using visual, mathematics and language skills in the modes of oral and/or written presentations in explaining the relationship between indicators and trends. 

    UNIT STANDARD CCFO SCIENCE 
    The learner is able to use science and technology effectively and critically in using a trend analysis system. 

    UNIT STANDARD CCFO DEMONSTRATING 
    The learner is able to demonstrate an understanding of the world as a set of related systems by recognising that problem-solving contexts do not exist in isolation in applying knowledge of indices and trends to events in the macro environment to establish potential risk. 

    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 14509, "Apply a researched trend to individual financial risk", Level 5, 5 credits.

    Search words: trend analysis, economic forecasting, economic trends, economic principles. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  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 
    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. AFRICAN UNION SKILLS DEVELOPMENT PTY LTD 
    3. ALCARI 233 CC T/A ALCARI (Eversdal)(TP) 
    4. Boland Public FET College - Central Office 
    5. CKP Development Agency (Pty) Ltd. 
    6. COLLEGE OF CAPE TOWN 
    7. College of Cape Town - Central Office 
    8. False Bay College 
    9. Intec College 
    10. Invuya Institute of Learning (Pty) Ltd 
    11. Masifunde Training Centre (Pty) Ltd 
    12. North Link College 
    13. Old Mutual Life Assurance Company South Africa 
    14. Ray Strodl Consulting (Pty) Ltd 
    15. Ripple Effect 4 (Pty) Ltd 
    16. Sanlam Life Insurance Ltd 
    17. Sanlam Life Insurance Ltd. 
    18. South Cape College 
    19. South Cape Public FET College - Central Office 
    20. The Institute of Health Risk Managers (Pty) Ltd 
    21. Umfolozi FET College - Central Office 
    22. 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.