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

Demonstrate knowledge and insight into the impact of HIV/AIDS on financial products, markets and the workforce 
SAQA US ID UNIT STANDARD TITLE
14510  Demonstrate knowledge and insight into the impact of HIV/AIDS on financial products, markets and the workforce 
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-Fundamental  Level 6  Level TBA: Pre-2009 was L6 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Passed the End Date -
Status was "Registered" 
2003-08-13  2006-08-13  SAQA 0249/03 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2007-08-13   2010-08-13  

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
230069  Demonstrate knowledge and insight into the impact of HIV/AIDS on financial products, markets and the workforce  Level 6  Level TBA: Pre-2009 was L6  Complete 

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is intended to promote knowledge and understanding of the impact of HIV/AIDS on the financial services sector as a workplace and in terms of the products developed in response to the challenges posed by the AIDS pandemic.

The qualifying learner is capable of:
  • Analysing the changing needs of the individual in the market.
  • Interpreting the impact of HIV/AIDS on the employer and provider of employee benefits.
  • Proposing possible innovations for financial products.
  • Demonstrating insight into how global trends in respect of HIV/AIDS impact on people, financial products and the workforce. 

  • 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, Mathematical literacy and Financial Literacy at NQF Level 4. 

    UNIT STANDARD RANGE 
  • Stakeholders include, but are not limited to, regulators, the State, shareholders, employees, employers, Unions and the community.
  • Innovations include, but are not limited to affordability, methods and costs of establishing HIV status, profitability and methods of distributing or marketing products.
  • Clients in this context refer to individuals, corporates or funds. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Analyse the changing needs of the individual in the market. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The medical needs of people infected with HIV are analysed with reference to basic nutrition, medication and the cost of treatment. 

    ASSESSMENT CRITERION 2 
    2. The needs of people living with people with HIV/AIDS are analysed in terms of access to medical care, counseling needs, home care and financial protection. 

    ASSESSMENT CRITERION 3 
    3. The needs of families who have lost breadwinners are analysed in terms of their financial needs. 

    ASSESSMENT CRITERION 4 
    4. The changing needs of the market in relation to funerals is analysed with reference to cultural demands and economic reality. 

    ASSESSMENT CRITERION 5 
    5. The changing face of the market is described in terms of segmentation and addressing the needs of changing categories of clients. 

    SPECIFIC OUTCOME 2 
    Interpret the impact of HIV/AIDS on the imployer and provider of employee benefits. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The impact of HIV on a workplace is explained with reference to productivity, training costs, recruiting, multi-skilling, morale, financial results and stakeholder expectations. 

    ASSESSMENT CRITERION 2 
    2. The knock on effect of an employee with HIV on suppliers is explained in terms of dependencies. 

    ASSESSMENT CRITERION 3 
    3. The need for a business to understand the end user of a product is explained with reference to the impact of HIV on changing spending patterns. 

    ASSESSMENT CRITERION 4 
    4. The concept of voluntary counseling and testing (VCT) is explained with reference to the importance of people knowing their HIV status and how to access support mechanisms. 

    ASSESSMENT CRITERION 5 
    5. The importance of understanding the HIV status of employees is explained with reference to VCT and the advantages of reducing uncertainty. 

    ASSESSMENT CRITERION 6 
    6. The impact of HIV on the cost and structure of Employee Benefits is explained with reference to risk and retirement benefits. 

    SPECIFIC OUTCOME 3 
    Propose possible innovations for financial products. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The components that a financial product design should address are indicated for a chosen market segment(s). 

    ASSESSMENT CRITERION 2 
    2. An innovative financial product that could potentially meet the needs of clients is investigated for an authentic scenario. 

    SPECIFIC OUTCOME 4 
    Demonstrate insight into global trends in respect of HIV/AIDS and the impact on people. 
    OUTCOME NOTES 
    Demonstrate insight into global trends in respect of HIV/AIDS and the impact on people, financial products and the workforce. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    1. The impact of HIV/AIDS on business in a developed and less developed region is compared and an indication is given of how HIV status affects products, markets and the workforce. 

    ASSESSMENT CRITERION 2 
    2. The population pyramids of three different countries are interpreted and an indication is given of the HIV status of each country. 

    ASSESSMENT CRITERION 3 
    3. The projected population pyramids of the three countries three years hence are interpreted with reference to the social and economic implications. 

    ASSESSMENT CRITERION 4 
    4. Current developments in HIV/AIDS research are investigated and the potential impact of the research is discussed with reference to people, product development, markets and the workforce. 

    ASSESSMENT CRITERION 5 
    5. The potential impact of the discovery of a cure or vaccine for HIV on financial services products is explained with reference to a selected sub sector. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    This Unit Standard will be internally assessed by the provider and moderated by a moderator registered by INSQA or a relevant accredited ETQA. The mechanisms and requirements for moderation are contained in the document obtainable from INSQA (INSQA framework for assessment and moderation). 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    The learner is able to identify and solve problems in which responses show that responsible decisions using critical thinking have been made in proposing possible innovations for financial products. 

    UNIT STANDARD CCFO COLLECTING 
    The learner is able to collect, organise and critically evaluate information in analysing the changing needs of the individual in the market. 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner is able to communicate effectively in explaining the various aspects required in the standard and interpreting population pyramids. 

    UNIT STANDARD CCFO DEMONSTRATING 
    The learner is able to demonstrate an understanding of the world as a set of related systems in understanding the impact of HIV on financial products, markets and the workforce. 

    UNIT STANDARD NOTES 
    This unit standard has been replaced by unit standard 230069, 'Demonstrate knowledge and insight into the impact of HIV/AIDS on financial products, markets and the workforce', Level 6, 6 Credits. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  49834   National Certificate: Financial Services: Long-Term Risk Assessment  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Reregistered" 
    2012-06-30  INSETA 
    Core  49860   National Diploma: Financial Services: Long-Term Risk Assessment  Level 5  NQF Level 05  Reregistered  2023-06-30  INSETA 
    Core  48865   National Diploma: Policing  Level 5  Level TBA: Pre-2009 was L5  Passed the End Date -
    Status was "Registered" 
    2007-12-02  Was SAS SETA until Last Date for Achievement 
    Fundamental  49603   Bachelor of Visual Communications  Level 6  Level TBA: Pre-2009 was L6  Reregistered  2021-06-30  CHE 
    Fundamental  49060   National Degree: Master Craftsmanship (Electrical)  Level 6  Level TBA: Pre-2009 was L6  Passed the End Date -
    Status was "Reregistered" 
    2018-12-31  EWSETA 


    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. CKP Development Agency (Pty) 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.