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: 

Manage new currency design 
SAQA US ID UNIT STANDARD TITLE
7291  Manage new currency design 
ORIGINATOR
SGB Banking and Micro Finance 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
BANKSETA - Banking Sector Education and Training Authority 
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  20 
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 people who manage the process of designing new currency. People accredited with this unit standard are able to research security and design features; conduct market research specific to currency design. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Linguistic ability, grade twelve;
Numeracy and literacy ability;
Basic cost accounting ability. 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Manage the project relative to the development of a new note series. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. A project plan is developed according to standard project management principles. 

ASSESSMENT CRITERION 2 
2. Deliverables are met within budget allocations. 

ASSESSMENT CRITERION 3 
3. Deliverables are met within the conditions of the project plan. 

ASSESSMENT CRITERION 4 
4. Relevant authorisations are provided for throughout the project. 

ASSESSMENT CRITERION 5 
5. Submissions comply with bank specific formats and procedures. 

SPECIFIC OUTCOME 2 
Research security and design features. 
OUTCOME RANGE 
Includes but is not limited to size, printing, additives, paper graphics, substrate. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Specific cost implications are measured against predetermined security requirements. 
ASSESSMENT CRITERION RANGE 
Life span, feasibility, viability.
 

ASSESSMENT CRITERION 2 
2. Research complies with specific security research policy and guidelines. 

ASSESSMENT CRITERION 3 
3. The importance and implications of current developments in security features are consistently researched and understood. 

ASSESSMENT CRITERION 4 
4. Suppliers sourced comply with Bank-specific criteria and are positioned to provide the relevant security and design features. 

ASSESSMENT CRITERION 5 
5. A current database of suppliers of security features is maintained and accessible. 

ASSESSMENT CRITERION 6 
6. All relevant research is documented and reported as a decision making document as per Bank-specific formats. 

SPECIFIC OUTCOME 3 
Conduct research. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Research includes an investigation of note/coin barrier and denominational structure. 

ASSESSMENT CRITERION 2 
2. Research includes specific reference to role player requirements and sensitivities. 
ASSESSMENT CRITERION RANGE 
Role players may include but are not limited to the Department of Finance, consumer organisations, the South African Reserve Bank, the banking fraternity, various community structures and machine suppliers.
 

ASSESSMENT CRITERION 3 
3. Relevant local and international trends are taken into account. 

ASSESSMENT CRITERION 4 
4. Technological developments in respect of machines and note design compatibility are included. 

ASSESSMENT CRITERION 5 
5. Justifications as per documented research provides for integrity, acceptability, recognisability and uniqueness. 

ASSESSMENT CRITERION 6 
6. Research conducted is relevant with due regard to qualitative and quantitative input. 

ASSESSMENT CRITERION 7 
7. All research is conducted within the parameters determined by Bank policy. 

ASSESSMENT CRITERION 8 
8. All research is documented and reported as a decision-making document as per Bank-specific formats. 


UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
1. Anyone assessing a learner against this unit standard must be registered as an assessor with the relevant ETQA.

2. Any institution offering learning that will enable achievement of this unit standard or assessing this unit standard must be accredited as a provider with the relevant ETQA.

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

Therefore anyone wishing to be assessed against this unit standard may apply to be assessed by any assessment agency, assessor or provider institution which is accredited by the relevant ETQA. 

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
Facilitation skills, basic information technology/computational skills.
Advanced negotiation skills, presentation skills and report writing skills.
Project Management skills. 


Critical Cross-field Outcomes (CCFO): 

UNIT STANDARD CCFO IDENTIFYING 
The learner is able to identify and solve problems when security and design features are researched. 

UNIT STANDARD CCFO WORKING 
The learner is able to work effectively with others when conducting research. 

UNIT STANDARD CCFO ORGANISING 
The learner is able to organise and manage his/her activities to meet conditions according to the project plan. 

UNIT STANDARD CCFO COLLECTING 
The learner is able to collect, analyse and evaluate information on the security and design features of the currency. 

UNIT STANDARD CCFO COMMUNICATING 
The learner is able to communicate effectively both verbally and in writing when research is documented as a decision-making document. 

UNIT STANDARD CCFO DEMONSTRATING 
The learner is able to understand the relationship between the security features, design features and the role player requirements and sensitivities. 

REREGISTRATION HISTORY 
As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
  ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
Elective  61589   National Certificate: Banking  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. Chartall Business College 
2. Nedbank Ltd 
3. The Institute of Literacy Advancement 



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.