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SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Analyse current events reported in the media that could impact on wealth management 
SAQA US ID UNIT STANDARD TITLE
243133  Analyse current events reported in the media that could impact on wealth management 
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 replaces: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
113925  Analyse current events reported in the media that could impact on wealth management  Level 4  NQF Level 04  10  Complete 

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is intended to promote general knowledge and understanding of current affairs that could potentially impact on wealth management in order to ensure knowledgeable and informed workers in the industry. It addresses a broad base of economic, human, social, technological, legislative and environmental related knowledge and requires the analysis of articles and reports from current print and electronic media relating to wealth management and investment strategies. It requires learners to make connections between the wealth management and current events that could impact on financial advice. 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 the 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 economic and financial events reported in the media that have implications for wealth management.
  • Interpreting the potential impact of current human, social and environmental issues on the management of wealth.
  • Analyse lifestyle related attitudes and values that influence decisions about wealth management.
  • Analysing events in the political and legislative environment that have implications for wealth management. 

  • 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 financial journals and publications, news from daily or weekly newspapers, television or radio newscast electronic or other news media.
  • Economic indicators include, but are not limited to, foreign exchange rates, the Rand/Dollar exchange rate, gold price, domestic inflation, CPI, JSE indices, oil price, commodity prices, global financial markets and the McDonald index.
  • The changing nature of the workplace includes, but is not limited to, retrenchment, retirement age, cost to company type remuneration, use of contractors, work from home and small businesses.
  • Events in the natural environment include, but are not limited to, global warming, natural disasters or catastrophes, environmental conservation initiatives, environmental degradation, environmental regeneration projects and court cases relating to environmental abuse.
  • Diseases include, but are not limited to dread diseases, TB, malaria, bilharzias, lifestyle diseases and stress related ailments.
  • Developments in research and technology include, but are not limited to, information and medical technology, genetics, robotics, communications and space research.
  • Lifestyle related attitudes and values include, but are not limited to, needs, wants, issues of wellness, ethics and religion.
  • Wealth management includes wealth creation. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Analyse economic and financial events reported in the media that have implications for wealth management. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Articles and reports on economic and financial events, both global and national that could have implications for wealth management are identified and interpreted and reasons for their selection are substantiated in the context of wealth management. 

    ASSESSMENT CRITERION 2 
    Selected economic indicators are tracked over a specified period and an indication is given of possible reasons for any changes or observed trends and how predicted trends will affect wealth management strategies. 

    ASSESSMENT CRITERION 3 
    The implications of changes in government monetary or fiscal policy reported in the media are explained with examples. 

    ASSESSMENT CRITERION 4 
    Indications of growing consumerism and awareness of the rights of the individual client in relation to economic or financial issues are identified from reports in the media. 

    SPECIFIC OUTCOME 2 
    Interpret the potential impact of current human, social and environmental issues on the management of wealth. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Issues relating to marriage, divorce, family partnerships and families are analysed in terms of their potential impact on financial planning strategies. 

    ASSESSMENT CRITERION 2 
    Reports that illustrate the changing nature of the workplace and employment prospects and practices are analysed and an indication is given of how current work trends could impact on the creation and management of individual wealth. 

    ASSESSMENT CRITERION 3 
    The impact of diseases and their effect on life expectancy and productivity are analysed and an indication is given of the potential impact on a business, the economy, government policy and individual wealth management strategies. 

    SPECIFIC OUTCOME 3 
    Analyse lifestyle related attitudes and values that could influence decisions about on wealth management. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Reports relating to lifestyle issues are analysed and an opinion is expressed on how lifestyle influences wealth management choices. 

    ASSESSMENT CRITERION 2 
    Evidence of changing attitudes and values that influence decisions about the management of wealth are identified from reports in the media. 

    ASSESSMENT CRITERION 3 
    Developments in technology are analysed in terms of heir potential to impact on wealth management strategies. 

    SPECIFIC OUTCOME 4 
    Analyse events in the political and legislative environment that have implications for wealth management. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Reports relating to legislation that could change the face of the financial services industry are identified and a personal opinion is expressed on the potential effect of the proposed legislation or regulations on wealth managers. 

    ASSESSMENT CRITERION 2 
    Reported case studies of court decisions and/or rulings of Ombuds relating to the application of existing legislation are discussed in terms of the precedents set for wealth management and financial planning. 

    ASSESSMENT CRITERION 3 
    The potential effect of national and international elections on the investment environment is discussed with reference to the pre and post election periods. 

    ASSESSMENT CRITERION 4 
    The effects of wars, regional and international conflicts, terrorism, international alliances, international organisations and treaties on the investment environment are analysed with reference to their effect on investment opportunities or risks in South Africa. 


    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 selecting relevant articles and reports from the media and expressing an opinion on the how lifestyle choices influence wealth management. 

    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 wealth management strategies. 

    UNIT STANDARD CCFO COMMUNICATING 
    Learners can communicate effectively using visual, mathematics and language skills when presenting the findings of their media research. 

    UNIT STANDARD CCFO SCIENCE 
    Learners are able to use technology effectively in accessing information about current events/affairs from television, radio and electronic news sources. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Learners are able to demonstrate an understanding of the world as a set of related systems when analysing and interpreting current events and their possible relationship to issues of wealth management. 

    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 
    This unit standard replaces unit standard 113925, "Analyse current events reported in the media that could impact on wealth management", Level 4, 10 credits. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  66613   Further Education and Training Certificate: Wealth Management  Level 4  NQF Level 04  Reregistered  2021-06-30  As per Learning Programmes recorded against this Qual 


    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. African Resources & Financial Training (Pty) Ltd 
    2. CKP Development Agency (Pty) Ltd. 
    3. De Vries Management & Training Services cc 
    4. Faisit (Pty) Ltd 
    5. Masifunde Training Centre (Pty) Ltd 
    6. Ray Strodl Consulting (Pty) Ltd 
    7. RJM Educational Consulting (Pty) Ltd 
    8. Sanlam Life Insurance 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.