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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD THAT HAS PASSED THE END DATE: 

Analyse current events reported in the media that could impact on wealth management 
SAQA US ID UNIT STANDARD TITLE
113925  Analyse current events reported in the media that could impact on wealth management 
ORIGINATOR
SGB Financial Services 
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 4  NQF Level 04  10 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Registered" 		 2004-02-11  2007-02-11  SAQA 1852/04 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2008-02-11   2011-02-11  

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 is replaced by: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
243133  Analyse current events reported in the media that could impact on wealth management  Level 4  NQF Level 04  10   

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is intended to promote general knowledge and understanding of current affairs that could potentially impact on wealth management in order to ensure knowledgeable and informed workers in the industry. It addresses a broad base of economic, human, social, technological, legislative and environmental related knowledge and requires the analysis of articles and reports from current print and electronic media relating to wealth management and investment strategies.

The qualifying learner is capable of:
  • Analysing economic and financial events reported in the media that have implications for wealth management.
  • Interpreting the potential impact of current human and social issues on wealth management.
  • Analysing events in the natural environment that could impact on wealth management.
  • Analysing developments in research and technology that could influence decisions about wealth management. 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    There is open access to this Unit Standard. Learners should be competent in Communication and Mathematical Literacy at NQF Level 3. 

    UNIT STANDARD RANGE 
    The typical scope of this Unit Standard is:
  • Articles from financial journals and publications, news from daily or weekly newspapers, television or radio newscast electronic or other news media.
  • Economic indicators include, but are not limited to, foreign exchange rates, the Rand/Dollar exchange rate, gold price, domestic inflation, CPI, JSE indices, oil price, commodity prices, global financial markets and the McDonald index.
  • Events in the natural environment include, but are not limited to, global warming, natural disasters or catastrophes, environmental conservation initiatives, environmental degradation, environmental regeneration projects and court cases relating to environmental abuse.
  • Developments in research and technology include, but are not limited to, information technology, genetics, robotics, communications and space research. 
    		•

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Analyse economic and financial event reported in media that have implications for wealth management. 
    OUTCOME NOTES 
    Analyse economic and financial events reported in the media that have implications for wealth management. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Articles and reports on economic and financial events, both global and national that could have implications for wealth management are identified and interpreted and reasons for their selection are substantiated in the context of wealth management. 

    ASSESSMENT CRITERION 2 
    2. Three economic indicators are tracked over a period of four months and an indication is given of possible reasons for any changes or observed trends. 

    ASSESSMENT CRITERION 3 
    3. Anticipated trends in three economic indicators are predicted and an indication is given of how the predicted trends will affect wealth management strategies. 

    ASSESSMENT CRITERION 4 
    4. Current economic and financial events are interpreted and the implications of recommendations of commissions of enquiry and proposed changes in government monetary or fiscal policy reported in the media are explained with examples. 

    SPECIFIC OUTCOME 2 
    Interpret the potential impact of current human and social issues on wealth management. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Issues relating to marriage, divorce, family partnerships and families are analysed in terms of their potential impact on financial planning strategies. 

    ASSESSMENT CRITERION 2 
    2. Reports that illustrate the changing nature of the workplace and employment prospects are analysed and an indication is given of how current work trends could impact on wealth management strategies. 

    ASSESSMENT CRITERION 3 
    3. Current events relating to human and social activities are analysed in relation to their impact on investment strategies. 

    ASSESSMENT CRITERION 4 
    4. Current religious and ethical issues are analysed with reference how they could potentially influence wealth management strategies. 

    ASSESSMENT CRITERION 5 
    2. The impact of diseases and their effect on life expectancy are analysed and an indication is given of the potential impact on the economy, government policy and individual wealth management strategies. 

    SPECIFIC OUTCOME 3 
    Analyse events in natural environment that could impact on wealth management. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Articles and reports on events in the natural environment, both global and national that could have a positive influence on the investment environment are identified and an indication is given of how each event could impact on wealth management. 

    ASSESSMENT CRITERION 2 
    2. Articles and reports on events in the natural environment, both global and national that could have a negative influence on the investment environment are identified and an indication is given of how each event could impact on wealth management. 

    SPECIFIC OUTCOME 4 
    Analyse development in research and technology that could influence decision on wealth management. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Reports on developments in technology that could potentially influence wealth management strategies are interpreted in terms of the potential impact of the development. 

    ASSESSMENT CRITERION 2 
    2. Reports on current research that could potentially influence investment decisions are analysed and an indication is given of the possible impact on the investment environment. 

    ASSESSMENT CRITERION 3 
    3. Developments in medical technology are analysed in terms of their potential to impact on wealth management strategies. 

    SPECIFIC OUTCOME 5 
    Analyse event in political and legislative environment that have implication for wealth management. 
    OUTCOME NOTES 
    Analyse events in the political and legislative environment that have implications for wealth management. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Reports on impending legislation that could change the face of the financial services industry are identified and a personal opinion is expressed on the potential effect of the proposed legislation or regulations on wealth managers. 

    ASSESSMENT CRITERION 2 
    2. Reported case studies of court decisions relating to the application of existing legislation are discussed in terms of the precedents set for wealth management and financial planning. 

    ASSESSMENT CRITERION 3 
    3. The potential effect of national and international elections on the investment environment is discussed with reference to the pre and post election periods. 

    ASSESSMENT CRITERION 4 
    4. The effects of current wars, regional and international conflicts, terrorism, international alliances, international organisations and treaties on the investment environment are analysed with reference to their effect on investment opportunities or risks in South Africa. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    Accreditation for this Unit Standard shall be obtained from the relevant Education and Training Quality Assurance Body, through summative and formative assessment by a registered assessor.
  • Assessors must be registered as an Assessor with the relevant ETQA
  • Moderators must be registered as assessors with the relevant ETQA, or with an ETQA that has a Memorandum of Agreement with the relevant ETQA.
  • Training providers must be accredited by the relevant ETQA.

    Moderation should include both internal and external moderation where applicable. 
    		•

    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 
    Learners can identify and solve problems in which responses show that responsible decisions using critical and creative thinking have been made in selecting relevant articles and reports from the media and expressing an opinion on the potential effect of proposed legislation or regulations on wealth managers. 

    UNIT STANDARD CCFO ORGANISING 
    Learners can organise and manage themselves and their activities responsibly and effectively in collecting and organising a portfolio of evidence for the assessment of this Unit Standard. 

    UNIT STANDARD CCFO COLLECTING 
    Learners can collect, organise and evaluate information when researching and interpreting current affairs and indicating the possible impact of current events on wealth management strategies. 

    UNIT STANDARD CCFO COMMUNICATING 
    Learners can communicate effectively using visual, mathematics and language skills when presenting the findings of their media research. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Learners are able to demonstrate an understanding of the world as a set of related systems when analysing and interpreting current events and their possible relationship to issues of wealth management. 

    UNIT STANDARD CCFO CONTRIBUTING 
    Learners are able to explore a variety of strategies of learning when gathering information from a broad spectrum of media. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    UNIT STANDARD NOTES 
    This unit standard has been replaced by unit standard 243133, which is "Analyse current events reported in the media that could impact on wealth management", Level 4, 10 credits 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  48493   National Certificate: Financial Services: Wealth Management  Level 4  NQF Level 04  Passed the End Date -
    Status was "Registered"     		 2007-02-11  Was INSETA until Last Date for Achievement 


    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.
     
    NONE 


    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.