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: 

Analyse reports in the media that are related to the management or transfer of risk in a business sector or industry 
SAQA US ID UNIT STANDARD TITLE
242659  Analyse reports in the media that are related to the management or transfer of risk in a business sector or industry 
ORIGINATOR
SGB Insurance and Investment 
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  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 to promote general knowledge and understanding of current affairs in the field of operational Risk Management, including the management and transfer of risk, in order to ensure knowledgeable and informed workers. It addresses a broad base of operational risk management related knowledge and requires the analysis of current affairs as they could impact on a selected business, sector or industry. It requires learners to make connections between a selected sector or industry and current events that could impact on the industry. It provides the opportunity for learners to integrate knowledge learnt in other Unit Standards and current events as they occur so that they begin to apply their knowledge of risk management in an industry in authentic situations. It is intended that this Unit Standard should be based on events as they happen and the Unit Standard is therefore not intended for the application of RPL. The focus is on prediction and anticipation of events rather than on historical research after the event. Portfolio assessment over a period of at least six months is required.

The qualifying learner is capable of:
  • Analysing reports from current print and electronic media relating to change in a selected business sector or industry in South Africa.
  • Analysing reports relating to developments in technology that could impact on a selected business sector or industry.
  • Analysing proposed business or industrial developments in a selected sector or industry and the implications for the management of risk.
  • Analysing people related risks that could impact on a business sector or industry. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    It is assumed that learners are competent in Communication and Mathematical Literacy at Level 3. 

    UNIT STANDARD RANGE 
    The typical scope of this Unit Standard is:
  • Articles from current insurance journals and publications, news from a daily or weekly newspaper, television or radio newscast electronic or other news media.
  • Current events include global, regional and local events.
  • Change includes, but is not limited to, mergers, acquisitions, the business environment, international and regional trade agreements, consumerism and other socio-economic aspects.
  • Technology includes, but is not limited to food technology, pharmaceuticals, chemicals, nanotechnology, genetically modified organisms and electronics and administration systems.
  • Disease includes, but is not limited to HIV/AIDS, chronic and dread disease. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Analyse reports from current print and electronic media relating to change in a selected business sector or industry in South Africa. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Articles and reports relating to change in a selected business sector or industry are analysed with reference to global, regional and/or national events or issues. 

    ASSESSMENT CRITERION 2 
    Controversial or contentious issues related to change in a selected business sector or industry are analysed and own views are expressed and substantiated in plain language. 

    ASSESSMENT CRITERION 3 
    Current events in the South African political and legislative environments are interpreted and an indication is given of their possible impact on a specific business sector or industry. 

    SPECIFIC OUTCOME 2 
    Analyse reports relating to developments in technology that could impact on a selected business sector or industry. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Innovations or developments in technology that could impact on a specific business sector or industry are identified in the media an indication is given of the possible time frame before the technology becomes readily available. 

    ASSESSMENT CRITERION 2 
    The pros and cons of the new innovations or technology are investigated with reference to costs and potential Return on Investment (ROI). 

    SPECIFIC OUTCOME 3 
    Analyse proposed business or industrial developments in a selected sector or industry and the implications for the management of risk. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Business or Industrial developments that could impact on the physical environment are analysed with reference to the potential impact on the management of risk. 

    ASSESSMENT CRITERION 2 
    Controversial issues related to a business or industrial development are analysed and own opinions are presented and substantiated from different points of view. 

    ASSESSMENT CRITERION 3 
    The sustainability of a proposed business or industrial development is discussed with reference to short, medium and long term risks. 

    SPECIFIC OUTCOME 4 
    Analyse people related risks that could impact on a business sector or industry. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The sustainability of developments and need for the development of skills in a business sector or industry are analysed in relation to ongoing employment. 

    ASSESSMENT CRITERION 2 
    Articles relating to unemployment and job losses in a business sector or industry are examined and an indication is given of possible reasons for a trend. 

    ASSESSMENT CRITERION 3 
    The impact of disease on a business sector or industry is determined from reports in the media and an indication is given how the business sector or industry is managing the impact of the pandemic in the sector. 

    ASSESSMENT CRITERION 4 
    Lifestyle and productivity related issues are analysed with reference to ethics, professionalism, values, attitudes and aspirations of the people within a selected sector or industry. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Anyone assessing a candidate against this Unit Standard must be registered as an assessor with the relevant ETQA or ETQA where a Memorandum of Understanding (MOU) exists with the relevant ETQA.
  • Any institution offering learning that will enable achievement of this Unit Standard must be accredited as a provider through the relevant ETQA or ETQA where a Memorandum of Understanding (MOU) exists with the relevant ETQA.
  • Moderation of assessment will be overseen by the relevant ETQA according to the moderation guidelines and the agreed ETQA procedures. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    N/A 

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Learners can identify and solve problems in which responses show that responsible decisions using critical and creative thinking have been made in deciding on the pros and cons of innovations. 

    UNIT STANDARD CCFO ORGANISING 
    Learners can organise and manage themselves and their activities responsibly and effectively in collecting and organising a portfolio of evidence for the assessment of this Unit Standard. 

    UNIT STANDARD CCFO COLLECTING 
    Learners can collect, organise and evaluate information when researching and interpreting current affairs and indicating the possible impact of current events on operational risk. 

    UNIT STANDARD CCFO COMMUNICATING 
    Learners can communicate effectively in expressing and substantiating their own opinions from different points of view. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Learners are able to demonstrate an understanding of the world as a set of related systems when analysing, comparing and interpreting events and innovations and potential ROI. 

    UNIT STANDARD CCFO CONTRIBUTING 
    Learners are able to explore a variety of strategies of learning when gathering information from a broad spectrum of media. 

    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  57613   Further Education and Training Certificate: Short-Term Risk Management  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered" 
    2012-06-30  INSETA 


    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.