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 THAT HAS PASSED THE END DATE: |
Develop a personal financial plan |
SAQA US ID | UNIT STANDARD TITLE | |||
12429 | Develop a personal financial plan | |||
ORIGINATOR | ||||
SGB Manufacturing and Assembly Processes | ||||
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY | ||||
- | ||||
FIELD | SUBFIELD | |||
Field 06 - Manufacturing, Engineering and Technology | Manufacturing and Assembly | |||
ABET BAND | UNIT STANDARD TYPE | PRE-2009 NQF LEVEL | NQF LEVEL | CREDITS |
Undefined | Regular | Level 3 | NQF Level 03 | 2 |
REGISTRATION STATUS | REGISTRATION START DATE | REGISTRATION END DATE | SAQA DECISION NUMBER | |
Passed the End Date - Status was "Reregistered" |
2018-07-01 | 2023-06-30 | SAQA 06120/18 | |
LAST DATE FOR ENROLMENT | LAST DATE FOR ACHIEVEMENT | |||
2026-06-30 | 2029-06-30 |
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 |
The skills, values and knowledge reflected in this unit standard are required by people in the field of manufacturing and engineering.
The learning outcomes in this unit standard also contribute to the exit level outcomes required for various manufacturing and engineering qualifications. Qualifying learners can demonstrate an understanding of various personal financial planning options. They are able to use this information to develop a personal financial plan. |
LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING |
This unit standard has designed as part of a progression. It is one of a series of unit standards for life skills in the field of manufacturing and engineering.
The credits allocated to this unit standard assume that a learner has already learned to: |
UNIT STANDARD RANGE |
The scope and level of this unit standard is determined by the ranges as indicated under the specific outcomes. |
Specific Outcomes and Assessment Criteria: |
SPECIFIC OUTCOME 1 |
Discuss and explain personal financial planning options. |
OUTCOME RANGE |
Personal financial planning options include savings, provision for dependants and retirement, insurance. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
1. An understanding of personal financial planning options is demonstrated. |
ASSESSMENT CRITERION NOTES |
Indicators
1. Explanations are given in a clear manner using appropriate examples from learner`s own experience 2. Own personal financial situation is evaluated systematically taking all factors into account 3. Financial plan developed is suited to the personal financial situation of the learner Understanding confirmed 1. Respond to `what if` and `why` questions covering: |
ASSESSMENT CRITERION 2 |
2. A personal financial plan is developed. |
ASSESSMENT CRITERION NOTES |
Indicators
1. Explanations are given in a clear manner using appropriate examples from learner`s own experience 2. Own personal financial situation is evaluated systematically taking all factors into account 3. Financial plan developed is suited to the personal financial situation of the learner Understanding confirmed 1. Respond to `what if` and `why` questions covering: |
ASSESSMENT CRITERION 3 |
3. Experiences in developing a personal financial plan are reflected on and the benefits of such a plan discussed. |
ASSESSMENT CRITERION NOTES |
Indicators
1. Explanations are given in a clear manner using appropriate examples from learner`s own experience 2. Own personal financial situation is evaluated systematically taking all factors into account 3. Financial plan developed is suited to the personal financial situation of the learner Understanding confirmed 1. Respond to `what if` and `why` questions covering: |
SPECIFIC OUTCOME 2 |
Evaluate own personal financial situation. |
OUTCOME RANGE |
Factors impacting on personal financial situation include income, deductions, expenses, dependants, debt. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
1. An understanding of personal financial planning options is demonstrated. |
ASSESSMENT CRITERION NOTES |
Indicators
1. Explanations are given in a clear manner using appropriate examples from learner`s own experience 2. Own personal financial situation is evaluated systematically taking all factors into account 3. Financial plan developed is suited to the personal financial situation of the learner Understanding confirmed 1. Respond to `what if` and `why` questions covering: |
ASSESSMENT CRITERION 2 |
2. A personal financial plan is developed. |
ASSESSMENT CRITERION NOTES |
Indicators
1. Explanations are given in a clear manner using appropriate examples from learner`s own experience 2. Own personal financial situation is evaluated systematically taking all factors into account 3. Financial plan developed is suited to the personal financial situation of the learner Understanding confirmed 1. Respond to `what if` and `why` questions covering: |
ASSESSMENT CRITERION 3 |
3. Experiences in developing a personal financial plan are reflected on and the benefits of such a plan discussed. |
ASSESSMENT CRITERION NOTES |
Indicators
1. Explanations are given in a clear manner using appropriate examples from learner`s own experience 2. Own personal financial situation is evaluated systematically taking all factors into account 3. Financial plan developed is suited to the personal financial situation of the learner Understanding confirmed 1. Respond to `what if` and `why` questions covering: |
SPECIFIC OUTCOME 3 |
Develop a personal financial plan. |
OUTCOME RANGE |
Financial plan is developed with the assistance of a financial advisor. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
1. An understanding of personal financial planning options is demonstrated. |
ASSESSMENT CRITERION NOTES |
Indicators
1. Explanations are given in a clear manner using appropriate examples from learner`s own experience 2. Own personal financial situation is evaluated systematically taking all factors into account 3. Financial plan developed is suited to the personal financial situation of the learner Understanding confirmed 1. Respond to `what if` and `why` questions covering: |
ASSESSMENT CRITERION 2 |
2. A personal financial plan is developed. |
ASSESSMENT CRITERION NOTES |
Indicators
1. Explanations are given in a clear manner using appropriate examples from learner`s own experience 2. Own personal financial situation is evaluated systematically taking all factors into account 3. Financial plan developed is suited to the personal financial situation of the learner Understanding confirmed. 1. Respond to `what if` and `why` questions covering: |
ASSESSMENT CRITERION 3 |
3. Experiences in developing a personal financial plan are reflected on and the benefits of such a plan discussed. |
ASSESSMENT CRITERION NOTES |
Indicators
1. Explanations are given in a clear manner using appropriate examples from learner`s own experience 2. Own personal financial situation is evaluated systematically taking all factors into account 3. Financial plan developed is suited to the personal financial situation of the learner Understanding confirmed 1. Respond to `what if` and `why` questions covering: |
SPECIFIC OUTCOME 4 |
Reflect on learning experiences when developing a personal financial plan and benefits. |
OUTCOME NOTES |
Reflect on learning experiences when developing a personal financial plan and benefits to be gained from such a plan. |
ASSESSMENT CRITERIA |
ASSESSMENT CRITERION 1 |
1. An understanding of personal financial planning options is demonstrated. |
ASSESSMENT CRITERION NOTES |
Indicators
1. Explanations are given in a clear manner using appropriate examples from learner`s own experience 2. Own personal financial situation is evaluated systematically taking all factors into account 3. Financial plan developed is suited to the personal financial situation of the learner Understanding confirmed 1. Respond to `what if` and `why` questions covering: |
ASSESSMENT CRITERION 2 |
2. A personal financial plan is developed. |
ASSESSMENT CRITERION NOTES |
Indicators
1. Explanations are given in a clear manner using appropriate examples from learner`s own experience 2. Own personal financial situation is evaluated systematically taking all factors into account 3. Financial plan developed is suited to the personal financial situation of the learner Understanding confirmed 1. Respond to `what if` and `why` questions covering: |
ASSESSMENT CRITERION 3 |
3. Experiences in developing a personal financial plan are reflected on and the benefits of such a plan discussed. |
ASSESSMENT CRITERION NOTES |
Indicators
1. Explanations are given in a clear manner using appropriate examples from learner`s own experience 2. Own personal financial situation is evaluated systematically taking all factors into account 3. Financial plan developed is suited to the personal financial situation of the learner Understanding confirmed 1. Respond to `what if` and `why` questions covering: |
UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS |
UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE |
1. Names & functions of:
2. Purpose of: 3. Attributes, descriptions, characteristics & properties: 4. Cause and effect, implications of: 5. Procedures and techniques: 6. Theory: rules, principles, laws: 7. Relationships, systems: |
UNIT STANDARD DEVELOPMENTAL OUTCOME |
N/A |
UNIT STANDARD LINKAGES |
N/A |
Critical Cross-field Outcomes (CCFO): |
UNIT STANDARD CCFO IDENTIFYING |
Identify and solve problems:
|
UNIT STANDARD CCFO COLLECTING |
Collect, analyse, organise and critically evaluate information:
|
UNIT STANDARD CCFO SCIENCE |
Use science and technology effectively and critically:
|
UNIT STANDARD CCFO DEMONSTRATING |
Demonstrate an understanding of the world as a set of related systems:
|
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 | 78525 | Further Education and Training Certificate: Automotive Repair and Maintenance | Level 4 | NQF Level 04 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | As per Learning Programmes recorded against this Qual |
Fundamental | 48794 | National Certificate in Quality Checking of Tyres and Tyre Components | Level 3 | NQF Level 03 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | MERSETA |
Fundamental | 49449 | National Certificate: Plastics Manufacturing | Level 3 | NQF Level 03 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | MERSETA |
Fundamental | 57899 | National Certificate: Printing and Manufacture of Packaging | Level 3 | NQF Level 03 | Passed the End Date - Status was "Reregistered" |
2015-06-30 | FPMSETA |
Fundamental | 48798 | National Certificate: Tyre and Tyre Component Manufacturing | Level 3 | NQF Level 03 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | MERSETA |
Fundamental | 48795 | National Certificate: Tyre Assembly | Level 3 | NQF Level 03 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | MERSETA |
Fundamental | 23259 | National Certificate: Industrial Rubber Manufacturing: Mixing OR Extruding OR Moulding OR Calendaring | Level 4 | Level TBA: Pre-2009 was L4 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | MERSETA |
Fundamental | 23256 | National Certificate: Mechanical Engineering: Fitting and Machining | Level 4 | Level TBA: Pre-2009 was L4 | Passed the End Date - Status was "Reregistered" |
2008-10-22 | Was MERSETA until Last Date for Achievement |
Fundamental | 21016 | National Certificate: Metal and Engineering Manufacturing Processes | Level 4 | NQF Level 04 | Passed the End Date - Status was "Reregistered" |
2011-02-16 | Was MERSETA until Last Date for Achievement |
Fundamental | 20890 | National Certificate: Plastics Manufacturing | Level 4 | NQF Level 04 | Passed the End Date - Status was "Registered" |
2005-04-13 | Was MERSETA until Last Date for Achievement |
Fundamental | 36153 | National Certificate: Polymer Composite Fabrication | Level 4 | Level TBA: Pre-2009 was L4 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | MERSETA |
Fundamental | 24218 | National Certificate: Thermoplastic Fabrication | Level 4 | Level TBA: Pre-2009 was L4 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | MERSETA |
Fundamental | 24216 | National Certificate: Welding Application and Practice | Level 4 | NQF Level 04 | Passed the End Date - Status was "Registered" |
2006-12-03 | MERSETA |
Elective | 20183 | National Certificate: Banking | Level 2 | NQF Level 02 | Passed the End Date - Status was "Reregistered" |
2015-06-30 | BANKSETA |
Elective | 58882 | National Certificate: Fluid Power | Level 3 | NQF Level 03 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | MERSETA |
Elective | 66449 | National Certificate: Foundry Operations | Level 3 | NQF Level 03 | Passed the End Date - Status was "Reregistered" |
2013-11-07 | MERSETA |
Elective | 64829 | National Certificate: Lifting Machine Operations | Level 3 | NQF Level 03 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | TETA |
Elective | 22771 | National Certificate: Mechatronics | Level 3 | NQF Level 03 | Passed the End Date - Status was "Reregistered" |
2009-07-29 | Was MERSETA until Last Date for Achievement |
Elective | 67609 | National Certificate: Mechatronics | Level 3 | NQF Level 03 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | MERSETA |
Elective | 58719 | National Certificate: Metals Processing | Level 3 | NQF Level 03 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | MERSETA |
Elective | 58539 | Further Education and Training Certificate: Automotive Repair and Maintenance | Level 4 | NQF Level 04 | Passed the End Date - Status was "Registered" |
2009-02-18 | Was MERSETA until Last Date for Achievement |
Elective | 64411 | Further Education and Training Certificate: Automotive Spray Painting | Level 4 | NQF Level 04 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | MERSETA |
Elective | 58861 | Further Education and Training Certificate: Electro-Mechanical Winding | Level 4 | NQF Level 04 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | MERSETA |
Elective | 50021 | Further Education and Training Certificate: Inspection and Assessment (Non-Metallics) | Level 4 | NQF Level 04 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | MERSETA |
Elective | 59709 | Further Education and Training Certificate: Mechanical Engineering: Fitting | Level 4 | NQF Level 04 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | As per Learning Programmes recorded against this Qual |
Elective | 91925 | Further Education and Training Certificate: Mechanical Engineering: Machining and Tooling | Level 4 | NQF Level 04 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | As per Learning Programmes recorded against this Qual |
Elective | 64209 | Further Education and Training Certificate: Metals Production | Level 4 | NQF Level 04 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | As per Learning Programmes recorded against this Qual |
Elective | 49403 | Further Education and Training Certificate: Steel Tube and Pipe Manufacturing (Seamless Hot-Finished OR Welded OR Cold-Formed) | Level 4 | NQF Level 04 | Passed the End Date - Status was "Reregistered" |
2012-06-30 | MERSETA |
Elective | 21006 | National Certificate: Automotive Component Manufacturing and Assembly | Level 4 | NQF Level 04 | Passed the End Date - Status was "Reregistered" |
2008-11-01 | Was MERSETA until Last Date for Achievement |
Elective | 22860 | National Certificate: Autotronics | Level 4 | Level TBA: Pre-2009 was L4 | Passed the End Date - Status was "Reregistered" |
2012-06-30 | MERSETA |
Elective | 22871 | National Certificate: Engineering Fabrication (light or heavy) | Level 4 | NQF Level 04 | Passed the End Date - Status was "Reregistered" |
2007-08-16 | MERSETA |
Elective | 23275 | National Certificate: Mechanical Engineering: Fitting | Level 4 | NQF Level 04 | Passed the End Date - Status was "Reregistered" |
2008-06-25 | MERSETA |
Elective | 23279 | National Certificate: Mechanical Engineering: Machining | Level 4 | Level TBA: Pre-2009 was L4 | Passed the End Date - Status was "Reregistered" |
2008-10-22 | Was MERSETA until Last Date for Achievement |
Elective | 23281 | National Certificate: Mechanical Engineering: Tooling Manufacture | Level 4 | Level TBA: Pre-2009 was L4 | Passed the End Date - Status was "Reregistered" |
2008-10-22 | Was MERSETA until Last Date for Achievement |
Elective | 21013 | National Certificate: Power and Telecommunication Cable Manufacturing | Level 4 | NQF Level 04 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | 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. | ANGLO PLATINUM - ENGINEERING SKILLS TRAINING CENTRE |
2. | ARTISAN TRAINING INSTITUTE (PTY) LTD |
3. | Excellect 209 (PTY) LTD |
4. | Excellect 209 PTY LTD |
5. | METSKILL PTY LTD |
6. | Nedbank Ltd |
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. |