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: 

Demonstrate knowledge and understanding of production efficiency in note processing 
SAQA US ID UNIT STANDARD TITLE
13429  Demonstrate knowledge and understanding of production efficiency in note processing 
ORIGINATOR
SGB Banking and Micro Finance 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
BANKSETA - Banking Sector Education and Training Authority 
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
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 all learners in note-processing department.

Persons credited with this unit standard will be able to explain note-processing as a function of the reserve bank, explain production efficiency measures, measure daily production efficiency, and compare production efficiency over time. 

LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
There is open access to this unit standard, although basic numerical literacy at a level 3 would be useful. 

UNIT STANDARD RANGE 
N/A 

Specific Outcomes and Assessment Criteria: 

SPECIFIC OUTCOME 1 
Explain note-processing as a function of the reserve bank 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The Reserve Bank's role and functions in the supply and management of local currency is explained according to the bank's policy and practice and the relevant legislation. 

ASSESSMENT CRITERION 2 
2. The purpose and role of note processing department in the supply and management of local currency is understood and explained according to the Reserve Bank's role and functions. 

ASSESSMENT CRITERION 3 
3. The manner in which daily production targets are determined is explained according to the Reserve Banks policy and practice. 

ASSESSMENT CRITERION 4 
4. The impact of not meeting the production requirements on the supply and management of local currency to banks is explained according to the Reserve Bank's policy and practice. 

SPECIFIC OUTCOME 2 
Explain production efficiency measures 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. The daily processing targets for note-processing department are identified and explained according to the production requirements for the day. 

ASSESSMENT CRITERION 2 
2. The efficiency measures associated with machine performance are explained according to their impact on daily production. 
ASSESSMENT CRITERION RANGE 
Input, output, throughput, downtime. Evidence of competence across the full range is required.
 

ASSESSMENT CRITERION 3 
3. The efficiency measures associated with shift performance are explained according to their impact on daily production. 
ASSESSMENT CRITERION RANGE 
Machines in operation, speed of machines, staff on shift, length of shift. Evidence of competence across the full range is required.
 

ASSESSMENT CRITERION 4 
4. The concept of the quality of output is explained according to the denomination processed and the impact on daily production. 

ASSESSMENT CRITERION 5 
5. The concept of quantity of output is explained according to the denomination processed and the impact on daily production. 

ASSESSMENT CRITERION 6 
6. The concept of the percentage of fit and unfit notes processed is explained according to the impact on production performance. 

SPECIFIC OUTCOME 3 
Measure daily production efficiency 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Machine performance is established according to efficiency measures and daily production targets. 

ASSESSMENT CRITERION 2 
2. Shift performance is established according to efficiency measures and daily production targets. 

ASSESSMENT CRITERION 3 
3. Down time is calculated and the impact of downtime on the daily production established according to progress made towards daily production targets. 

ASSESSMENT CRITERION 4 
4. Daily production statistics are recorded according to the administrative requirements of the note-processing department. 

ASSESSMENT CRITERION 5 
5. Daily production reports are run according to the administrative requirements of the note-processing department. 

SPECIFIC OUTCOME 4 
Compare production efficiency over time 

ASSESSMENT CRITERIA
 

ASSESSMENT CRITERION 1 
1. Machine performance over time is compared according to efficiency measures and daily production statistics. 
ASSESSMENT CRITERION RANGE 
Weekly, monthly, quarterly. Evidence of competence across the full range is required.
 

ASSESSMENT CRITERION 2 
2. Operator performance over time is compared according to efficiency measures and daily production statistics. 
ASSESSMENT CRITERION RANGE 
Weekly, monthly, quarterly. Evidence of competence across the full range is required.
 

ASSESSMENT CRITERION 3 
3. Shift performance over time is compared according to efficiency measures and daily production statistics. 
ASSESSMENT CRITERION RANGE 
Weekly, monthly, quarterly. Evidence of competence across the full range is required.
 

ASSESSMENT CRITERION 4 
4. The impact of machine availability and downtime is compared over time according to efficiency measures and daily production targets. 

ASSESSMENT CRITERION 5 
5. The department's production efficiency over time is compared according to the achievement of production targets. 

ASSESSMENT CRITERION 6 
6. Factors affecting performance over time are identified and explained according to departmental performance and statistics. 


UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
1 Anyone assessing a learner against this unit standard must be registered as an assessor with the relevant ETQA.
2 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.
3 Moderation of assessment will be overseen by the relevant ETQA according to the moderation guidelines in the relevant qualification and the agreed ETQA procedures.

Therefore, anyone wishing to be assessed against this unit standard may apply to be assessed by any assessment agency, assessor or provider institution that is accredited by the relevant ETQA. 

UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
This unit standard requires knowledge sufficient to understand use and interpret the production measures and performance statistics in the note-processing environment. The criteria against which this knowledge is evaluated are expressed in the standard. 

UNIT STANDARD DEVELOPMENTAL OUTCOME 
N/A 

UNIT STANDARD LINKAGES 
N/A 


Critical Cross-field Outcomes (CCFO): 

UNIT STANDARD CCFO COLLECTING 
In this standard the learner demonstrates the ability to collect, organise and critically evaluate information when daily production is measured and production efficiency is compared over time. 

UNIT STANDARD CCFO DEMONSTRATING 
In this standard the learner demonstrates the ability to demonstrate an understanding of the world as a set of related systems when explaining note-processing as a function of the reserve bank. 

UNIT STANDARD CCFO CONTRIBUTING 
In this standard the learner demonstrates the ability to understand the relationship between note- processing role and the responsibility to the commercial banks is understood when the impact of not meeting the production requirements on the supply and management of local currency to banks is explained according to the Reserve Bank`s policy and practice. 

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 
Additional information:

Legal requirements:

All procedures must meet recognised codes of practice as well as obligations required by current legislation within South Africa and within the normal parameters of the defined job/task. 

QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
  ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
Elective  20185   Further Education and Training Certificate: Banking  Level 4  NQF Level 04  Reregistered  2023-06-30  BANKSETA 


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. Absa Learning & Development 
2. Bidvest Bank 
3. Chartall Business College 
4. Cornerstone Performance Solutions (Pty) Ltd 
5. Felix Risk Training Consultants 
6. Firstrand Bank - Benmore 
7. Nedbank Ltd 
8. The Facilitation Workshop 



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.