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 ORIGINATING PROVIDER
SGB Air-conditioning Refrigeration and Ventilation   
QUALITY ASSURING BODY
-  
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  6 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2012-07-01  2015-06-30  SAQA 0695/12 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2016-06-30   2019-06-30  

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 
    		•

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE QUALITY ASSURING BODY
    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  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  2015-06-30  MERSETA 
    Fundamental  21011   National Certificate: Power and telecommunication cable manufacturing  Level 2  NQF Level 02  Reregistered  2015-06-30  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  2015-06-30  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  MERSETA until Last Date for Achievement 
    Fundamental  24215   National Certificate: Thermoplastic Fabrication  Level 2  NQF Level 02  Reregistered  2015-06-30  MERSETA 
    Fundamental  59017   National Certificate: Tissue Conversion  Level 2  NQF Level 02  Reregistered  2015-06-30  FPMSETA 
    Fundamental  48793   National Certificate: Tyre and Tyre Component Manufacturing  Level 2  NQF Level 02  Reregistered  2015-06-30  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  2015-06-30  MERSETA 
    Elective  65809   National Certificate: Automotive Manufacturing and Assembly  Level 2  NQF Level 02  Reregistered  2015-06-30  MERSETA 
    Elective  78523   National Certificate: Automotive Repair and Maintenance  Level 2  NQF Level 02  Reregistered  2015-06-30  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  2015-06-30  MERSETA 
    Elective  78944   National Certificate: Autotronics  Level 2  NQF Level 02  Reregistered  2015-06-30  MERSETA 
    Elective  22858   National Certificate: Autotronics  Level 2  NQF Level 02  Passed the End Date -
    Status was "Reregistered"     		 2009-11-07  MERSETA until Last Date for Achievement 
    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  2015-06-30  As per Learning Programmes recorded against this Qual 
    Elective  71491   National Certificate: Equine Studies  Level 2  NQF Level 02  Reregistered  2015-06-30  CATHSSETA 
    Elective  66512   National Certificate: Foundry Operations  Level 2  NQF Level 02  Reregistered  2015-06-30  MERSETA 
    Elective  59689   National Certificate: Mechanical Engineering  Level 2  NQF Level 02  Reregistered  2015-06-30  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  2015-06-30  MERSETA 
    Elective  22770   National Certificate: Mechatronics  Level 2  NQF Level 02  Passed the End Date -
    Status was "Reregistered"     		 2009-07-29  MERSETA until Last Date for Achievement 
    Elective  58718   National Certificate: Metals Processing  Level 2  NQF Level 02  Reregistered  2015-06-30  MERSETA 
    Elective  64189   National Certificate: Metals Production  Level 2  NQF Level 02  Reregistered  2015-06-30  As per Learning Programmes recorded against this Qual 
    Elective  61929   National Certificate: Pulp and Paper Operations  Level 2  NQF Level 02  Reregistered  2015-06-30  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  2015-06-30  MERSETA 
    Elective  48794   National Certificate in Quality Checking of Tyres and Tyre Components  Level 3  NQF Level 03  Reregistered  2015-06-30  MERSETA 
    Elective  58271   National Certificate: Lift Installation and Maintenance  Level 3  NQF Level 03  Reregistered  2015-06-30  MERSETA 
    Elective  48798   National Certificate: Tyre and Tyre Component Manufacturing  Level 3  NQF Level 03  Reregistered  2015-06-30  MERSETA 
    Elective  48795   National Certificate: Tyre Assembly  Level 3  NQF Level 03  Reregistered  2015-06-30  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 Quality Assuring Bodies 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 Quality Assuring Body 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. All-Rite Services cc (AUSTERVILLE) (TP) 
    4. Alvern Cables (Pty) Ltd (GERMISTON) (TP) 
    5. ANGIANCA TRAINING (PTY) LTD T/A ANGIANCA TRAINING (Pretoria)(TP) (Lega 
    6. ANGLO PLATINUM - ENGINEERING SKILLS TRAINING CENTRE 
    7. August General Servicing SA (Pty) Ltd (ALRODE) (TP) 
    8. Award Media (Pty) Ltd T/A Award Training (PORT ELIZABETH) (TP) 
    9. Award Media (Pty) Ltd T/A Award Training (SASOLBURG) (TP) 
    10. AYANDA SKILLS DEVELOPMENT INSTITUTE CC (Korsten)(TP) 
    11. Barloworld Equipment (Pty) Ltd (BELLVILLE) (TP) 
    12. Barloworld South Africa (Pty) Ltd T/A Barloworld-Equipment (ISANDO) (T 
    13. Beekman Super Canopies (STIKLAND) (TP) 
    14. Belique Training Centre cc (ALBERTON) (TP) 
    15. Bell Equipment Company SA (Pty) Ltd (ALTON) (TP) 
    16. Bevline Mechanical Projects (Pty) Ltd (PROSPECTON) (TP) 
    17. Black Eagle Training (PIETERMARITZBURG) (TP) 
    18. Blue Horison Properties 53 (Pty) Ltd T/A Durnacol Skills Innovation Hu 
    19. BMW SA (Pty) Ltd (ROSSLYN) (TP) 
    20. BPC HR Solutions (PRETORIA) (TP) 
    21. Bridgestone South Africa (Pty) Ltd - Brits Plant (BRITS) (TP) 
    22. Bridgestone South Africa (Pty) Ltd - Isando Branch (ISANDO) (TP) 
    23. Bridgestone South Africa (Pty) Ltd - PE Plant (PORT ELIZABETH) (TP) 
    24. Central Refinish Training Centre (BLOEMFONTEIN) (TP) 
    25. Clein's Technical Training Centre (NELSPRUIT) (TP) 
    26. COLLIERY TRAINING COLLEGE 
    27. Columbus Stainless (Pty) Ltd (MIDDELBURG) (TP) 
    28. Continental Tyres SA (Pty) Ltd (NEW BRIGHTON) (TP) 
    29. Customised Training Specialists Trust T/A CTS (PINETOWN) (TP) 
    30. DAMELIN TECHNICAL DIVISION (Cape Town)(TP) 
    31. Dawsons Training Academy (Pty) Ltd (DURBAN) (TP) 
    32. De Beers Consolidated Mines Ltd - Kimberley 
    33. Donn Products (Pty) Ltd T/A Saint-Gobain Construction 
    34. Donn Products (Pty) Ltd T/A Saint-Gobain Construction Products 
    35. Donn Products (Pty) Ltd T/A Saint-Gobain Construction Products Academy 
    36. Dorbyl Automotive Systems (NEAVE INDUSTRIAL) (TP) 
    37. E & A Consulting Services T/A Isizwe Mechanical & Welding Training Cen 
    38. ENTREPRENEURIAL DEVELOPMENT ACADEMY T/A EDA (New Doornfontein)(TP) 
    39. Evraz Highveld Steel & Vanadium Ltd (WITBANK) (TP) 
    40. First Car Care (Pty) Ltd T/A STi Autobody Repairers (GOODWOOD) (TP) 
    41. Ford Motor Company of Southern Africa (Manufacturing)(Pty) Ltd (WALTLO 
    42. Ford Motor Company of Southern Africa (Struandale Engine Plant) (STRUA 
    43. GFBLA 
    44. Gijima Holdings (Pty) Ltd T/A Industrial Skills Development - Middelb 
    45. Goodyear SA (Pty) Ltd (UITENHAGE) (TP) 
    46. Hansing Engineering (Pty) Ltd (SALDANHA) (TP) 
    47. HARMONY GOLD MINING COMPANY LIMITED 
    48. Hibiscus Skills Training College (HILLCREST) (TP) 
    49. Honda South Africa (Pty) Ltd (RANDJESPARK) (TP) 
    50. HV Maintenance Services (PORT ELIZABETH) (TP) 
    51. Ikaheng Training & Development (BLOEMFONTEIN) (TP) 
    52. Imperial Technical Training Academy (BLACKHEATH) (TP) 
    53. Imperial Technical Training Academy (GERMISTON) (TP) 
    54. Imperial Technical Training Academy (WADEVILLE) (TP) 
    55. Industry Training & Consulting cc (PRETORIA) (TP) 
    56. INSYGHT TECHNOLOGY TRAINING CENTRE (Durban)(TP) 
    57. Isigidi Trading 224 T/A Nikulwazi Training Consultants (PIETERMARITZBU 
    58. Izizwe Training Centre (Pty) Ltd T/A Simtech Training (NORTHDENE) (TP) 
    59. KUMBA IRON ORE (SISHEN) 
    60. KwaZulu Automotive Training Services cc (KZN) (DURBAN) (TP) 
    61. Lumicento Trading Enterprise cc (PORT ELIZABETH) (TP) 
    62. MAPC TRADING (PTY) LTD T/A MAPC TRAINING ACADEMY (Maitland)(TP) 
    63. Maritzburg Engineering cc (MKONDENI) (TP) 
    64. McCarthy Academy Cape Town (BLACKHEATH) (TP) 
    65. McCarthy Automotive Artisan Academy (MIDRAND) (TP) 
    66. McCarthy Automotive Artisans Academy (PINETOWN) (TP) 
    67. MCD Training Centre (Pty) Ltd (MEYERTON) (TP) 
    68. MCD Training Centre (Pty) Ltd (MIDDELBURG) (TP) 
    69. MCD Training Centre (Pty) Ltd (VEREENIGING) (TP) 
    70. MCD Training Centre Pty Ltd 
    71. MED WORKSHOP T/A MED TRAINING CENTRE (Epping)(TP) 
    72. Mercedes Benz South Africa (Pty) Ltd (EAST LONDON) (TP) 
    73. Metal Mining Training Interventions (Pty) Ltd (MIDDELBURG) (TP) 
    74. Mondi Packaging South Africa Pty (Ltd) 
    75. MSC Artisan Academy (Pty) Ltd T/A Master Artisan Academy SA (EAST LOND 
    76. Mthetana Trading & Construction T/A Multi Skill Training Centre (DURBA 
    77. Nissan SA (Pty) Ltd (ROSSLYN) (TP) 
    78. Olebogeng Onkemetse Training Centre (MAFIKENG) (TP) 
    79. Patrick Kuhn Investments cc T/A Career Orientated Centre (COC) (RETREA 
    80. Planet Waves 237 (Pty) Ltd T/A Occupational Learning Centre (OLC) (PRE 
    81. Plastics Federation of South Africa (MAITLAND) (TP) 
    82. Plastics Federation of South Africa (MIDRAND) (TP) 
    83. Plastics Federation of South Africa (WESTMEAD) (TP) 
    84. Protea Tyres (Nelspruit) (TP) 
    85. PS Productive Services (WESTVILLE) (TP) 
    86. QTE Training & Consulting cc T/A QTE (GERMISTON) (TP) 
    87. Qualitas Training cc (SELBY) (TP) 
    88. Rabbit Training & SHE Consultants cc (SALDANHA) (TP) 
    89. Rankin Training Solutions cc (PINETOWN) (TP) 
    90. Russ Projects T/A Academy Workplace Development (AWD) (HARRIETDALE) (T 
    91. Safika Oosthuizens Transport (Pty) Ltd T/A Safika Oosthuizens Training 
    92. Samancor Chrome Ltd T/A Khuphuka Training & Development (MIDDELBURG) ( 
    93. Sappi Enstra Mill 
    94. Scaw Metals Group (Pty) Ltd T/A Scaw Metals (DINWIDDIE) (TP) 
    95. Scaw Metals Group T/A Scaw Chain (VEREENIGING) (TP) 
    96. Servilite 7 cc T/A Servilite Education & Training (PRETORIA) (TP) 
    97. Shine The Way 281 cc T/A Industrial Training Centre (NEW GERMANY) (TP) 
    98. Siemens Ltd (HALFWAY HOUSE) (TP) 
    99. SMITHS MANUFACTURING (PTY) LTD (New Germany)(TP) 
    100. SSS Sheet Metal Work cc T/A Sheetech SA (DURBAN) (TP) 
    101. TANDA BANTU DRIVING TRAINING CC T/A TANDA BANTU TRAINING (Port Elizabe 
    102. Tekmation (Pty) Ltd T/A Tekmation Training Institute (DURBAN) (TP) 
    103. The Automobile Association of South Africa T/A AA Training Academy (MO 
    104. The Automobile Association South Africa T/A AA Training Academy (MIDRA 
    105. Toyota Academy Toyota SA Motors (Pty) Ltd (ISIPINGO) (TP) 
    106. Toyota Academy Toyota SA Motors (Pty) Ltd (SANDTON) (TP) 
    107. Tsoho Training & Development T/A Tsoho Training (ISANDO) (TP) 
    108. TUBATSE CHROME (Steelpoort)(TP) 
    109. Umfundo Occupationally Directed Skills Development cc T/A Umfundo Skil 
    110. Umgudulu Motors & Fitment Centre (UMGENI) (TP) 
    111. Volkswagen of South Africa (Pty) Ltd - Technical Learning Academy (UIT 
    112. WELFIT ODDY (PTY) LTD (Perseverance)(TP) 
    113. Wessies Brokerage T/A WI Training (PRETORIA) (TP) 
    114. Wilbat Projects 148 (Pty) Ltd (BLUFF) (TP) 
    115. Wilbat Projects 148 (Pty) Ltd (ISIPINGO) (TP) 
    116. World Focus 382 cc T/A Richards Bay Technical Training 
    117. World Focus 382 cc T/A Richards Bay Technical Training & Assessment Ce 
    118. Y3K Training cc (CAPE TOWN) (TP) 
    119. Zakheni Training Academy (SELBY) (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.