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 techniques and South African statutes to cash and investment management in a municipal environment 
SAQA US ID UNIT STANDARD TITLE
116346  Apply techniques and South African statutes to cash and investment management in a municipal environment 
ORIGINATOR
SGB Public Administration and Management 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Public Administration 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 6  Level TBA: Pre-2009 was L6  10 
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 practitioners at local government that are involved in municipal policy decision-making and strategic planning. This unit standard contributes to the sub-field of financial management through offering a unit standard on cash, revenue and investment management designed specifically for municipal government but offering competencies applicable to a range of organisations including organisations in the private sector.

The qualifying learner is able to:
  • Apply the requirements of South African municipal statutes related to cash management, investment management and revenue management.
  • Ensure the effective and efficient management of local government funds through an understanding of the implications of the relevant legislation governing cash, investment and revenue management
  • Assist in the overall process of social and economic development. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that the learners are competent in:
  • Communication at level 4.
  • Mathematical Literacy at level 4. 

  • UNIT STANDARD RANGE 
    N/A 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Apply the legislative conditions governing cash and investment management. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The conditions governing municipal bank accounts are interpreted from relevant legislation. 
    ASSESSMENT CRITERION RANGE 
    The typical scope of this outcome includes the roles of municipal manager and chief finance officer. The scope includes primary and other bank accounts.
     

    ASSESSMENT CRITERION 2 
    The legislative requirements governing investments in financial securities are interpreted from relevant legislation. 

    SPECIFIC OUTCOME 2 
    Comply with sound principles for cash and investment management. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The requirements for governing cash and investment management are identified in terms of relevant legislation and international practices. 
    ASSESSMENT CRITERION RANGE 
    The typical scope of this outcome includes the roles played by the Auditor-General, accounting officer and councillors.
     

    ASSESSMENT CRITERION 2 
    Principles underpinning effective management of liquid resources are identified and applied to set up an effective cash management system for a municipality. 

    SPECIFIC OUTCOME 3 
    Implement the requirements of the legislation for contracts that have budgetary implications. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Requirements and processes to be followed when a municipality enters into contracts that impose financial obligations on the municipality beyond three years are complied with based on the regulatory framework. 

    ASSESSMENT CRITERION 2 
    Investment principles regarding acquisition and disposal are selected and applied based on sound business principles. 
    ASSESSMENT CRITERION RANGE 
    The typical scope of this unit standard includes the roles of the accounting officer and municipal council.
     

    ASSESSMENT CRITERION 3 
    Modern financial management techniques are selected and used to manage the liquidity of a municipality. 

    SPECIFIC OUTCOME 4 
    Apply the legislative requirements and internationally recognised principles to credit control and debt collection. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Requirements of the legislation governing debt collection and credit control of municipalities are complied with in terms of the regulatory framework. 
    ASSESSMENT CRITERION RANGE 
    The typical scope of this unit standard includes optional measures, regulations and guidelines, roles and responsibilities.
     

    ASSESSMENT CRITERION 2 
    Modern techniques of analysing debtor accounts are identified and applied to facilitate debt collection or reduce bad debts. 

    ASSESSMENT CRITERION 3 
    Sound credit control principles are selected and applied in municipal credit control and debt collection. 

    SPECIFIC OUTCOME 5 
    Apply the legislative requirements and treasury regulations on cash and investment responsibilities of municipal officials and mayors. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The requirements and treasury guidelines covering the responsibilities of municipal officials in cash and investment management are selected and applied in terms of the legislative framework. 

    ASSESSMENT CRITERION 2 
    Short-term opportunities for investing surplus liquid resources are identified and discussed in the context of treasury guidelines. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • An individual wishing to be assessed (including through RPL) against this Unit Standard may apply to an assessment agency, assessor or provider institution accredited by the relevant ETQA, or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Anyone assessing a learner against this Unit Standard must be registered as an assessor with the relevant ETQA, or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • 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, or an ETQA that has a Memorandum of Understanding with the relevant ETQA.
  • Moderation of assessment will be conducted by the relevant ETQA at its discretion. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • Legislative provisions which elaborate on contracts having future budgetary implications;
  • Asset, liability and revenue management responsibilities of municipal officials;
  • The financial governance of municipal entities;
  • Asset, liability and revenue management responsibilities of municipal entity officials;
  • Expenditure management responsibilities of municipal officials. 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems using critical and creative thinking processes, e.g. example by trying to find the best possible investment management options. 

    UNIT STANDARD CCFO WORKING 
    Work effectively with others as a member of a team, group, organization or community, e.g. through communicating with others regarding legislative issues and fostering team commitment amongst the public sector as well as private sector stakeholders. 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one's activities responsibly and effectively, e.g. through the demonstration of ethical and moral principles in all investment management processes. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, analyse, organise and critically evaluate information, e.g. through researching all possible investment management options and presenting conclusions. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematical and/or language skills in the modes of oral and/or written persuasion, e.g. through advising and motivating others with regard to investment management options. 

    UNIT STANDARD CCFO SCIENCE 
    Use Science and technology effectively and critically, showing responsibility to the environment and health of others, e.g. use appropriate computer software for data capturing and document storage purposes. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of interrelated systems by recognising that problem-solving contexts do not exist in isolation, e.g. in keeping in mind that investment management effects the financial well being of not only the municipality but the country as a whole. 

    UNIT STANDARD CCFO CONTRIBUTING 
    Participating as responsible citizens in the life of local, national and global communities, e.g. acting as custodian of ethical behaviour and maintaining a high level of commitment to providing effective investment and liability management policies and practices. 

    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 
    N/A 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  48965   Certificate: Municipal Financial Management  Level 6  Level TBA: Pre-2009 was L6  Reregistered  2023-06-30  LG SETA 
    Elective  49554   National Diploma: Public Finance Management and Administration  Level 5  NQF Level 05  Reregistered  2023-06-30  LG SETA 
    Elective  64670   National Certificate: Public Financial Oversight and Accountability  Level 6  Level TBA: Pre-2009 was L6  Reregistered  2023-06-30  PSETA 


    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. About Survival Consulting Agency 
    2. Afriwealth Consulting 
    3. Akadon Trading (Pty) Ltd 
    4. Asiphokuhle Training and Research Institute 
    5. Bikologix Projects 
    6. Camblish Training Institute 
    7. Concepts of Sustainable Management (CSM) 
    8. Cradle Stars Trading Enterprise 
    9. Eagle Greek Inverstment T/A Mollo consulting 
    10. ETAMIC PTY LTD 
    11. Excellent Minds Institute (Pty) Ltd 
    12. Falcon Business Institute (PTY 
    13. GATYANA TRAINING ACADEMY 
    14. GOBELA CONSULTING 
    15. HDPSA 
    16. Hlombe and Associates 
    17. IGKM Management Services (Pty) Ltd 
    18. Inafrica General Trading Pty LTD 
    19. Institute For Performance Management 
    20. Isiphephelo Consultants 
    21. Jabukile Consultancy 
    22. Josmap Training Institute 
    23. K Shabangu FET College 
    24. LMMM Training and Development 
    25. Londimvelo Consultants 
    26. Mafamawethu Consultants 
    27. Magumzane Traiding cc 
    28. Mahloko Training, Auditing Services and other Projects 
    29. Makaota Training Consultants 
    30. Makhuba Development Projects CC 
    31. Mamuhle Academy 
    32. Maritime Business Institute 
    33. MARS Business Consulting 
    34. Matsila Holdings 
    35. Melatrend Management Consulting 
    36. MJ Mafunisa Consulting (PTY) LTD 
    37. Mmanape Management Solutions 
    38. MML Consulting CC. 
    39. MTK Corporate Solutions 
    40. MUHANGWENE DEVELOPMENT ENTERPRISE 
    41. Nalengmokoni Investors (Pty) Ltd 
    42. Nkqubela Community Developers 
    43. Nvsion Consulting 
    44. Opelong Business Institute 
    45. PMA Holdings (PTY ) LTD. 
    46. Princetop Corporative Training (Pty) Ltd 
    47. Progressive School of Business and Engineering (Pty) 
    48. PTDEV (Pty) Ltd 
    49. Pulakgadi Training Consulting CC 
    50. RCG Markets 
    51. Reflections Development Institute 
    52. Regent Business School (Pty) Ltd t/a Regent Business School 
    53. Sanzah Academy 
    54. Sebenzisanane Human Capital 
    55. Silalele Consulting CC. 
    56. South African Corporate Training Association 
    57. STARPLEX 408 CC 
    58. Summat Training Institute 
    59. Tachfin Holdings 
    60. Talent Centre Training 
    61. Talent Sculpture 
    62. Tasc Business Consulting and Training 
    63. Thinking Mind Trading 
    64. Tloumogale Business Development & Consulting 
    65. Tovani Traiding 299 
    66. Transafric Consulting Pty Ltd 
    67. Tshepang Consulting & Project 
    68. Tshwane Training Institute (PTY) LTD. 
    69. TWINMARK STRATEGY AND MANAGEMENT CONSULTANTS 
    70. UNIVERSITY OF BUSINESS EXCELLENCE(PTY)LTD 
    71. VEZOKUHLE YOUTH DEVELOPMENT PROJECT 
    72. Vision Africa Training Institute 



    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.