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: 

Interpret causes and effects of economic events and take economic issues into account when furnishing clients with financial advice 
SAQA US ID UNIT STANDARD TITLE
13022  Interpret causes and effects of economic events and take economic issues into account when furnishing clients with financial advice 
ORIGINATOR
SGB HET Accountancy and Financial Management 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
FASSET - Financial and Accounting Services SETA 
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 7  Level TBA: Pre-2009 was L7  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 
A person credited with this unit standard is generally found within the chartered accounting field. On successful completion of the unit standard, a person will be able to provide financial advice to clients within the context of domestic and international economic issues and events. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
Unit standards in economics at NQF level 6 

UNIT STANDARD RANGE 
Domestic and International economic events 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Demonstrate an understanding of the workings of a mixed economy with a free market orientation. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The characteristics of business cycles are explained within the framework of economics. 

ASSESSMENT CRITERION 2 
2. Concepts relating to national income are described according to accepted topical problems in the South African economy. 
ASSESSMENT CRITERION RANGE 
Regional economic development, The role of gold and agriculture, Economic growth, Unemployment, Poverty and income distribution
 

ASSESSMENT CRITERION 3 
3. Macroeconomics is defined in relation to fiscal and monetary policy. 
ASSESSMENT CRITERION RANGE 
Domestic and International
 

ASSESSMENT CRITERION 4 
4. The national budget of South Africa is interpreted with regards to its various policies. 
ASSESSMENT CRITERION RANGE 
Expenditure policy, Tax policy, Debt policy, The budget as a stabiliser of economic activity
 

ASSESSMENT CRITERION 5 
5. The balance of payments is explained in line with international economics. 

SPECIFIC OUTCOME 2 
Demonstrate an understanding of the causes and effects of domestic and international economic events 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Domestic and international economic issues are followed on an ongoing basis to ensure current knowledge of issues. 

ASSESSMENT CRITERION 2 
2. The causes and effects of domestic economic events are interpreted in line with the current South African budget and accepted South African economic issues. 
ASSESSMENT CRITERION RANGE 
Regional economic development, The role of gold and agriculture, Economic growth, Unemployment, Poverty and income distribution
 

ASSESSMENT CRITERION 3 
3. The causes and effects of international economic events are interpreted in relation to both international and domestic issues. 

ASSESSMENT CRITERION 4 
4. Specialist advice is sought to ensure understanding of domestic and international economic events and issues. 

SPECIFIC OUTCOME 3 
Provide financial advice to clients within the framework of economic issues. 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Clients are kept abreast of the latest developments in domestic and international economics. 

ASSESSMENT CRITERION 2 
2. The effects of domestic and international economic events are explained to clients in relation to the client's specific organisational context. 

ASSESSMENT CRITERION 3 
3. Economic issues are taken into account when furnishing clients with financial advice, where applicable. 

ASSESSMENT CRITERION 4 
4. Client queries relating to economic issues are resolved or referred to a specialist where appropriate. 


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 assessment by a registered assessor.

Moderation Option: Moderation activity comments by SGB`s, organisations and individuals may be forwarded to NSB03. 

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
A demonstrated understanding of:
  • Business cycles
  • National income concepts
  • Fiscal and monetary policy
  • The South African national budget
  • The balance of payments
  • Financial advice
  • Domestic and international economics 


  • Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems in which responses display that responsible decisions using critical and creative thinking have been made. 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one`s activities responsibly and effectively. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, organise and critically evaluate information. 

    UNIT STANDARD CCFO COMMUNICATING 
    Communicate effectively using visual, mathematical and language skills in the modes of oral and written presentations. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of related systems. 

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

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  23653   National Diploma: Financial Markets  Level 6  NQF Level 06  Reregistered  2023-06-30  FASSET 


    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.