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 basic personal finance 
SAQA US ID UNIT STANDARD TITLE
9268  Manage basic personal finance 
ORIGINATOR
SGB Air-conditioning Refrigeration and Ventilation 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 06 - Manufacturing, Engineering and Technology Engineering and Related Design 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 2  NQF Level 02 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2015-07-01  2018-06-30  SAQA 10105/14 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2019-06-30   2022-06-30  

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 
To create a better understanding of the value of the money a person earns, be able to distinguish between needs and wants, understand why taxes need to be paid and what it is used for and be able to draw up his/her own personal budgets using their current pay-slips as guide-line and know how to open a bank account. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Basic Mathematics. 

UNIT STANDARD RANGE 
Should receive a grant, salary, bursary or wage. Have access to own money. 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Understand the value of money in a broad context 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Different major expenses in an individuals life are listed e.g. a house, car. 

ASSESSMENT CRITERION 2 
2. Different smaller monthly expenses are listed e.g. levies, services. 

ASSESSMENT CRITERION 3 
3. Different unexpected expenses that can occur are listed, e.g. doctor, accident. 

ASSESSMENT CRITERION 4 
4. A list with estimated cost per item is compiled. 

ASSESSMENT CRITERION 5 
5. The listed items are arranged from biggest to smallest amount per month. 

ASSESSMENT CRITERION 6 
6. The listed items are prioritised from most important (can't survive without it) to least important (nice to have). 

SPECIFIC OUTCOME 2 
Explain current pay-slip or monthly statement of income 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Different items that occur on a pay-slip are listed and explained. 

ASSESSMENT CRITERION 2 
2. Reasons for different items that occur on a pay-slip are discussed. 

SPECIFIC OUTCOME 3 
Open a bank account 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Different types of financial institutes are listed and discussed. 

ASSESSMENT CRITERION 2 
2. A general application form to open an account is completed. 

ASSESSMENT CRITERION 3 
3. The process to open an account is discussed. 

ASSESSMENT CRITERION 4 
4. An understanding of general interests is demonstrated. 

SPECIFIC OUTCOME 4 
Demonstrate an understanding of ordinary taxes individuals pay in South Africa and distinguish needs 
OUTCOME NOTES 
Demonstrate an understanding of ordinary taxes individuals pay in South Africa and distinguish needs and wants. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Ordinary taxes paid by the individual in South Africa are identified and discussed. 

ASSESSMENT CRITERION 2 
2. An understanding of why taxes are paid and what it is used for is demonstrated. 

ASSESSMENT CRITERION 3 
3. The difference between needs and wants of human beings are described. 

SPECIFIC OUTCOME 5 
Budget for one year using current wage/salary/pay-slip as guideline 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. All the expenses and planned expenses to be included in the personal budget are identified. 

ASSESSMENT CRITERION 2 
2. All expenses of the individual are indicated. 

ASSESSMENT CRITERION 3 
3. The layout of the budget is clear and can be easily read and the difference between income and expenditure is indicated and understood. 

ASSESSMENT CRITERION 4 
4. A ticklilst to form the control measurement is completed and explained. 


UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
Any person wishing to be assessed against this unit standard may apply to an assessment agency, assessor or provider institution accredited by the relevant ETQA, who may appoint a moderator to be present at the assessment. 

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
The importance of managing personal finance to avoid unnecessary debt and the reasons for paying personal tax. 


Critical Cross-field Outcomes (CCFO): 

UNIT STANDARD CCFO COLLECTING 
Collect, analyse, organise and critically evaluate information:
  • Collecting, analyzing, organizing information in order to draw up personal budget 

  • UNIT STANDARD CCFO CONTRIBUTING 
    Learner and societal development:
  • Contribute to the full development of the learner by teaching them to be financially independent 

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

    UNIT STANDARD NOTES 
    Supplementary information:

    Difference between banks and building societies, micro-lenders and stokvels.
    Current pay slips or monthly statements of income can also be generic. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  20719   National Certificate: Air Conditioning, Refrigeration and Ventilation  Level 2  NQF Level 02  Passed the End Date -
    Status was "Registered" 
    2004-06-13  Was MERSETA until Last Date for Achievement 
    Fundamental  21004   National Certificate: Automotive Component Manufacturing and Assembly  Level 2  NQF Level 02  Passed the End Date -
    Status was "Reregistered" 
    2008-11-01  Was MERSETA until Last Date for Achievement 
    Fundamental  23257   National Certificate: Industrial Rubber Manufacturing: Mixing OR Extruding OR Moulding OR Calendaring  Level 2  NQF Level 02  Passed the End Date -
    Status was "Reregistered" 
    2011-02-16  MERSETA 
    Fundamental  21014   National Certificate: Metal and Engineering Manufacturing  Level 2  NQF Level 02  Passed the End Date -
    Status was "Reregistered" 
    2008-11-01  Was MERSETA until Last Date for Achievement 
    Fundamental  49018   National Certificate: Metals Production  Level 2  NQF Level 02  Passed the End Date -
    Status was "Reregistered" 
    2008-11-26  MERSETA 
    Fundamental  20888   National Certificate: Plastics Manufacturing  Level 2  NQF Level 02  Passed the End Date -
    Status was "Registered" 
    2005-06-12  Was MERSETA until Last Date for Achievement 
    Fundamental  36154   National Certificate: Polymer Composite Fabrication  Level 2  NQF Level 02  Reregistered  2018-06-30  MERSETA 
    Fundamental  21011   National Certificate: Power and telecommunication cable manufacturing  Level 2  NQF Level 02  Reregistered  2018-06-30  MERSETA 
    Fundamental  35941   National Certificate: Pulp and paper Manufacturing  Level 2  NQF Level 02  Passed the End Date -
    Status was "Registered" 
    2007-02-11  Was FPMSETA until Last Date for Achievement 
    Fundamental  48800   National Certificate: Quality Checking and Finishing of Manufactured Tyres  Level 2  NQF Level 02  Reregistered  2018-06-30  MERSETA 
    Fundamental  48969   National Certificate: Service Station Operations  Level 2  NQF Level 02  Passed the End Date -
    Status was "Reregistered" 
    2008-11-26  Was W&RSETA until Last Date for Achievement 
    Fundamental  50542   National Certificate: Small Craft Construction  Level 2  NQF Level 02  Passed the End Date -
    Status was "Registered" 
    2009-08-31  Was MERSETA until Last Date for Achievement 
    Fundamental  24215   National Certificate: Thermoplastic Fabrication  Level 2  NQF Level 02  Reregistered  2018-06-30  MERSETA 
    Fundamental  59017   National Certificate: Tissue Conversion  Level 2  NQF Level 02  Passed the End Date -
    Status was "Reregistered" 
    2015-06-30  FPMSETA 
    Fundamental  48793   National Certificate: Tyre and Tyre Component Manufacturing  Level 2  NQF Level 02  Reregistered  2018-06-30  MERSETA 
    Fundamental  24214   National Certificate: Welding Application and Practice  Level 2  NQF Level 02  Passed the End Date -
    Status was "Registered" 
    2006-12-03  MERSETA 
    Elective  64709   National Certificate: Automotive Body Repair  Level 2  NQF Level 02  Reregistered  2018-06-30  MERSETA 
    Elective  65809   National Certificate: Automotive Manufacturing and Assembly  Level 2  NQF Level 02  Reregistered  2018-06-30  MERSETA 
    Elective  78523   National Certificate: Automotive Repair and Maintenance  Level 2  NQF Level 02  Reregistered  2018-06-30  As per Learning Programmes recorded against this Qual 
    Elective  49689   National Certificate: Automotive Repair and Maintenance  Level 2  NQF Level 02  Passed the End Date -
    Status was "Registered" 
    2008-11-30  Was MERSETA until Last Date for Achievement 
    Elective  64410   National Certificate: Automotive Spray Painting  Level 2  NQF Level 02  Reregistered  2018-06-30  MERSETA 
    Elective  22858   National Certificate: Autotronics  Level 2  NQF Level 02  Passed the End Date -
    Status was "Reregistered" 
    2009-11-07  Was MERSETA until Last Date for Achievement 
    Elective  78944   National Certificate: Autotronics  Level 2  NQF Level 02  Reregistered  2018-06-30  MERSETA 
    Elective  22869   National Certificate: Engineering Fabrication  Level 2  NQF Level 02  Passed the End Date -
    Status was "Reregistered" 
    2007-08-16  MERSETA 
    Elective  58722   National Certificate: Engineering Fabrication  Level 2  NQF Level 02  Reregistered  2018-06-30  As per Learning Programmes recorded against this Qual 
    Elective  71491   National Certificate: Equine Studies  Level 2  NQF Level 02  Reregistered  2018-06-30  CATHSSETA 
    Elective  66512   National Certificate: Foundry Operations  Level 2  NQF Level 02  Passed the End Date -
    Status was "Reregistered" 
    2013-11-07  MERSETA 
    Elective  59689   National Certificate: Mechanical Engineering  Level 2  NQF Level 02  Passed the End Date -
    Status was "Reregistered" 
    2013-11-07  As per Learning Programmes recorded against this Qual 
    Elective  23273   National Certificate: Mechanical Engineering: Fitting  Level 2  NQF Level 02  Passed the End Date -
    Status was "Reregistered" 
    2008-06-25  MERSETA 
    Elective  23254   National Certificate: Mechanical Engineering: Fitting and Machining  Level 2  NQF Level 02  Passed the End Date -
    Status was "Reregistered" 
    2008-06-25  MERSETA 
    Elective  23277   National Certificate: Mechanical Engineering: Machining  Level 2  NQF Level 02  Passed the End Date -
    Status was "Reregistered" 
    2008-06-25  MERSETA 
    Elective  67629   National Certificate: Mechatronics  Level 2  NQF Level 02  Reregistered  2018-06-30  MERSETA 
    Elective  22770   National Certificate: Mechatronics  Level 2  NQF Level 02  Passed the End Date -
    Status was "Reregistered" 
    2009-07-29  Was MERSETA until Last Date for Achievement 
    Elective  58718   National Certificate: Metals Processing  Level 2  NQF Level 02  Reregistered  2018-06-30  MERSETA 
    Elective  64189   National Certificate: Metals Production  Level 2  NQF Level 02  Reregistered  2018-06-30  As per Learning Programmes recorded against this Qual 
    Elective  61929   National Certificate: Pulp and Paper Operations  Level 2  NQF Level 02  Reregistered  2018-06-30  FPMSETA 
    Elective  24455   National Certificate: Servicing Vehicles  Level 2  NQF Level 02  Passed the End Date -
    Status was "Registered" 
    2005-11-30  Was MERSETA until Last Date for Achievement 
    Elective  61809   National Certificate: Tyre Repair and Maintenance  Level 2  NQF Level 02  Reregistered  2018-06-30  MERSETA 
    Elective  48794   National Certificate in Quality Checking of Tyres and Tyre Components  Level 3  NQF Level 03  Reregistered  2018-06-30  MERSETA 
    Elective  58271   National Certificate: Lift Installation and Maintenance  Level 3  NQF Level 03  Reregistered  2018-06-30  MERSETA 
    Elective  48798   National Certificate: Tyre and Tyre Component Manufacturing  Level 3  NQF Level 03  Reregistered  2018-06-30  MERSETA 
    Elective  48795   National Certificate: Tyre Assembly  Level 3  NQF Level 03  Reregistered  2018-06-30  MERSETA 


    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. Aberdare Cables (Pty) Ltd (PIETERMARITZBURG) (TP) 
    2. Africa International Training Facilities T/A AITF (BREDELL) (TP) 
    3. Alvern Cables (Pty) Ltd (GERMISTON) (TP) 
    4. ANGLO PLATINUM - ENGINEERING SKILLS TRAINING CENTRE 
    5. ArcelorMittal South Africa Ltd (VANDERBIJLPARK) (TP) 
    6. Award Media (Pty) Ltd T/A Award Training (PORT ELIZABETH) (TP) 
    7. Ayize Training (Pty) Ltd (NEWCASTLE) (TP) 
    8. Barloworld Equipment (Pty) Ltd (BELLVILLE) (TP) 
    9. Beekman Super Canopies (STIKLAND) (TP) 
    10. Belique Training Centre cc (ALBERTON) (TP) 
    11. Bell Equipment Company SA (Pty) Ltd (ALTON) (TP) 
    12. BELMET TRAINING CENTRE T/A BELMET MARINE (PTY) LTD (Bellville)(TP) 
    13. Black Eagle Training (PIETERMARITZBURG) (TP) 
    14. Blue Horison Properties 53 (Pty) Ltd T/A Durnacol Skills Innovation Hu 
    15. BMW SA (Pty) Ltd (ROSSLYN) (TP) 
    16. Boland Public FET College - Worcester Campus 
    17. BPC HR Solutions (PRETORIA) (TP) 
    18. Bridgestone South Africa (Pty) Ltd - Brits Plant (BRITS) (TP) 
    19. Bridgestone South Africa (Pty) Ltd - Isando Branch (ISANDO) (TP) 
    20. Bridgestone South Africa (Pty) Ltd - PE Plant (PORT ELIZABETH) (TP) 
    21. Buscor 
    22. Coastal Kzn F.E.T. College - Swinton Road Campus 
    23. College of Production Technology 
    24. COLLIERY TRAINING COLLEGE 
    25. COLLIERY TRAINING COLLEGE (Witbank)(TP) 
    26. Columbus Stainless (Pty) Ltd (MIDDELBURG) (TP) 
    27. Continental Tyres SA (Pty) Ltd (NEW BRIGHTON) (TP) 
    28. CREATIVE FOUNDATION TRAINING 
    29. Customised Training Specialists Trust T/A CTS (PINETOWN) (TP) 
    30. Dawsons Training Academy (Pty) Ltd (DURBAN) (TP) 
    31. Donn Products (Pty) Ltd T/A Saint-Gobain Construction 
    32. Donn Products (Pty) Ltd T/A Saint-Gobain Construction Products 
    33. Donn Products (Pty) Ltd T/A Saint-Gobain Construction Products Academy 
    34. Dorbyl Automotive Systems (NEAVE INDUSTRIAL) (TP) 
    35. Eastcape Midlands Public FET College - Charles Good Year Campus 
    36. Eastcape Midlands Public FET College - Uitenhage (High Street)Campus 
    37. Eastcape Training Centre 
    38. Ehlanzeni TVET College 
    39. Ekurhuleni West College Thembisa Campus 
    40. Ekurhuleni West Public FET College - Germiston Campus 
    41. Ekurhuleni West Public FET College - Kempton Campus 
    42. Ekurhuleni West Public FET College - Lazarus Nhlapo Campus 
    43. Ekurhuleni West Public FET College - Usizo Kathorus Campus 
    44. Eskom Academy of Learning - Artisan Faculty 
    45. Etata Trading cc T/A ETATA Training (ALTON) (TP) 
    46. False Bay Public FET College - Westlake Campus 
    47. First Car Care (Pty) Ltd T/A STi Autobody Repairers (GOODWOOD) (TP) 
    48. Gert Sibande Public FET College - Standerton Campus 
    49. GFBLA 
    50. Gijima AST Holdings (Pty) Ltd T/A Fundi Training Centre (BENONI) (TP) 
    51. Gijima AST Holdings (Pty) Ltd T/A Industrial Skills Development (Tlhah 
    52. Gijima Holdings (Pty) Ltd T/A Industrial Skills Development - Middelb 
    53. Golden Arrow Bus Services 
    54. Goodyear SA (Pty) Ltd (UITENHAGE) (TP) 
    55. Hansing Engineering (Pty) Ltd (SALDANHA) (TP) 
    56. HARMONY GOLD MINING COMPANY LIMITED 
    57. Hibiscus Skills Training College (HILLCREST) (TP) 
    58. HV Consultants (Pty) Ltd (PORT ELIZABETH) (TP) 
    59. Ikhala Public FET College - Central Office 
    60. Ikhala Public FET College - Queenstown Campus 
    61. Ikhaya Fundisa Technical Academy 
    62. Imperial Technical Training Academy (BLACKHEATH) (TP) 
    63. Imperial Technical Training Academy (GERMISTON) (TP) 
    64. Imperial Technical Training Academy (WADEVILLE) (TP) 
    65. INDUSTRIES EDUCATION & TRAINING INSTITUTE - PE TTC 
    66. Industry Training & Consulting cc (PRETORIA) (TP) 
    67. ITHEMBA INSTITUTE OF TECHNOLOGY 
    68. Izizwe Training Centre (Pty) Ltd T/A Simtech Training (NORTHDENE) (TP) 
    69. JESUA CONSULTANTS (Hartenbos) (WA) 
    70. Jesua Consultants (Pty) Ltd (MOSSEL BAY) (TP) 
    71. Keewave Trading 403 (Pty) Ltd T/A VH Consulting (DURBAN) (TP) 
    72. KUMBA IRON ORE (SISHEN) 
    73. KwaZulu Automotive Training Services cc (KZN) (DURBAN) (TP) 
    74. Lumicento Trading Enterprise cc (PORT ELIZABETH) (TP) 
    75. McCarthy Automotive Artisan Academy (MIDRAND) (TP) 
    76. McCarthy Automotive Artisans Academy (PINETOWN) (TP) 
    77. MCD Training Centre (Pty) Ltd (MEYERTON) (TP) 
    78. MCD Training Centre (Pty) Ltd (VEREENIGING) (TP) 
    79. Mercedes Benz South Africa (Pty) Ltd (EAST LONDON) (TP) 
    80. Mopani South East FET College - Phalaborwa Campus 
    81. MPACT 
    82. MSC Artisan Academy (Pty) Ltd T/A Master Artisan Academy SA (EAST LOND 
    83. Mthetana Trading & Construction T/A Multi Skill Training Centre (DURBA 
    84. MZANSI SKILLS BASE CC (Selby)(TP) 
    85. NALITHUBA EDUCATIONAL DEVELOPMENT T/A NALITHUBA TRAINING SOLUTIONS 
    86. Northlink College - Bellville Campus 
    87. Northlink College - Goodwood Campus 
    88. Northlink College - Wingfield Campus 
    89. Orbit FET College - Mankwe Campus 
    90. Orbit FET College - Rustenburg Campus 
    91. Otis (Pty) Ltd (DURBAN) (TP) 
    92. Otis (Pty) Ltd (MOWBRAY) (TP) 
    93. OTIS (PTY) LTD (Wadeville)(TP) 
    94. PDNA Academy (Pty) Ltd (JOHANNESBURG) (TP) 
    95. Planet Waves 237 (Pty) Ltd T/A Occupational Learning Centre (OLC) (PRE 
    96. Plastics Federation of South Africa (MAITLAND) (TP) 
    97. Plastics Federation of South Africa (MIDRAND) (TP) 
    98. Plastics Federation of South Africa (WESTMEAD) (TP) 
    99. Protea Tyres (Nelspruit) (TP) 
    100. PS Productive Services (WESTVILLE) (TP) 
    101. Qualitas Training cc (SELBY) (TP) 
    102. Rankin Training Solutions cc (PINETOWN) (TP) 
    103. S & S Training & Construction (SPRINGS) (TP) 
    104. SCANIA SOUTH AFRICA (PTY) LTD (Aeroton)(TP) 
    105. Scaw Metals Group (Pty) Ltd T/A Scaw Metals (DINWIDDIE) (TP) 
    106. Sedibeng Artisan Skills Training Centre (VEREENIGING) (TP) 
    107. Service Corps T/A Works Training School (ELANDSFONTEIN) (TP) 
    108. Shine The Way 281 cc T/A Industrial Training Centre (NEW GERMANY) (TP) 
    109. Shukela Training Centre 
    110. SIBANYE GOLD ACADEMY PROPRIETARY LIMITED 
    111. SMITHS MANUFACTURING (PTY) LTD (New Germany)(TP) 
    112. South Cape Public FET College - George Campus 
    113. Spilamart cc T/A 1st Safety & Training (SABIE) (TP) 
    114. SSS Sheet Metal Work cc T/A Sheetech SA (DURBAN) (TP) 
    115. St Anthony''s Education Centre 
    116. St Anthony's Education Centre (BOKSBURG) (TP) 
    117. Steinmuller Africa (Pty) Ltd T/A Steinmuller Technical Training Academ 
    118. Sturrock & Robson (Pty) Ltd T/A Technotrain (ISANDO) (TP) 
    119. Taletso FET College - Mafikeng/Mmabatho Campus 
    120. Tekmation (Pty) Ltd T/A Tekmation Training Institute (DURBAN) (TP) 
    121. THE SAJ COMPETENCY TRAINING INSTITUTE CC 
    122. The Skills College for Development & Training cc (PRETORIA) (TP) 
    123. Toyota Academy Toyota SA Motors (Pty) Ltd (ISIPINGO) (TP) 
    124. Toyota Academy Toyota SA Motors (Pty) Ltd (SANDTON) (TP) 
    125. TRENTYRE (Spartan)(TP) 
    126. Tshwane South Public FET College - Odi Campus 
    127. Tsoho Training & Development T/A Tsoho Training (ISANDO) (TP) 
    128. Umgungundlovu FET College - Plessislaer Campus 
    129. Volkswagen of South Africa (Pty) Ltd - Technical Learning Academy (UIT 
    130. Vuselela FET College - Matlosana 
    131. Wavelength T.T.I 
    132. Wessies Brokerage T/A WI Training (PRETORIA) (TP) 
    133. West Coast Public FET College - Vredenburg Campus 
    134. Western Cape Institute of Foundrymen (ATLANTIS) (TP) 
    135. World Focus 382 cc T/A Richards Bay Technical Training 
    136. World Focus 382 cc T/A Richards Bay Technical Training & Assessment Ce 
    137. Y3K Training cc (CAPE TOWN) (TP) 



    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.