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: 

Manage personal finances 
SAQA US ID UNIT STANDARD TITLE
243189  Manage personal finances 
ORIGINATOR
SGB Hygiene & Cleaning Services 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 11 - Services Cleaning, Domestic, Hiring, Property and Rescue Services 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 1  NQF Level 01 
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
12509  Manage personal finances  Level 1  NQF Level 01   

PURPOSE OF THE UNIT STANDARD 
Learners credited with this unit standard are able to manage personal finances.

Qualifying learners are able to:
  • Understand personal finance.
  • Plan and prepare a personal budget.
  • Operate a personal bank account. 

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

  • UNIT STANDARD RANGE 
  • The scope of this unit standard is for any person who needs to manage his or her personal finances.
  • In the context of this unit standard, personal finances includes, but is not limited to, earnings, other income, inflation, savings, financial planning, taxes, expenditure, statutory and other deductions. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Understand personal finance. 
    OUTCOME RANGE 
    Range includes, but is not limited to, earnings, other income, inflation, savings, financial planning, taxes, expenditure, statutory and other deductions. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Personal finance is explained in terms of day to day life. 

    ASSESSMENT CRITERION 2 
    The difference between personal income and expenditure is explained in terms of basic financial principles. 

    ASSESSMENT CRITERION 3 
    The reasons for personal financial planning is explained in terms of maintaining financial stability. 

    SPECIFIC OUTCOME 2 
    Plan and prepare a personal budget. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    Sources of income are explained in a personal context. 

    ASSESSMENT CRITERION 2 
    Payslips are interpreted in terms of income, deductions, gross and net pay. 

    ASSESSMENT CRITERION 3 
    The difference between a fixed and a variable expense is explained in terms of basic financial principles. 

    ASSESSMENT CRITERION 4 
    The difference between a need and a want is explained in terms of managing financial stability. 

    ASSESSMENT CRITERION 5 
    Different methods of financing purchases are explained in terms of advantages and disadvantages in accordance with basic financial principles. 
    ASSESSMENT CRITERION RANGE 
    Range of methods of financing purchases includes, but is not limited to, cash, loan, lay-by, terms, credit card.
     

    ASSESSMENT CRITERION 6 
    A personal budget is drawn up to assess current financial status and manage financial stability. 

    ASSESSMENT CRITERION 7 
    The reasons for financial discipline are explained in terms of managing financial stability. 

    SPECIFIC OUTCOME 3 
    Operate a personal bank account. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The different accounts and services available at banks are explained in terms of managing personal finance. 

    ASSESSMENT CRITERION 2 
    Banking documents are completed in accordance with banking requirements. 
    ASSESSMENT CRITERION RANGE 
    Range could include, but is not limited to, account application forms, deposit slips, withdrawal slips, request for statement, cheques.
     

    ASSESSMENT CRITERION 3 
    The reasons for keeping a record of banking transactions is explained in terms of managing personal finance. 

    ASSESSMENT CRITERION 4 
    The reasons for taking care when doing banking transactions and handling cash is explained in terms of safety and managing personal finances. 
    ASSESSMENT CRITERION RANGE 
    Range of banking transactions and handling cash includes, but is not limited to, use of an ATM, cash and till points.
     

    ASSESSMENT CRITERION 5 
    The safe use of Personal Identification Numbers (PINs), passwords and credit/debit cards is explained in terms of good banking principles. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
  • Any institution or provider offering learning that will enable achievement of this unit standard must be accredited by the relevant ETQA.
  • Anyone assessing a learner against this unit standard must be a constituent assessor registered with the relevant ETQA.
  • Both internal and external moderation of the assessment will be quality assured by the relevant ETQA. 

  • UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
  • Basic financial principles.
  • Good banking principles. 

  • UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    Identify and solve problems that might occur during the management of personal finances such as reducing expenditure. 

    UNIT STANDARD CCFO ORGANISING 
    Organize and manage oneself and one's activities responsibly and effectively whilst managing personal finances. 

    UNIT STANDARD CCFO COLLECTING 
    Collect, organise and evaluate information relating to bank documents. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Demonstrate an understanding of the world as a set of related systems by recognising the importance of financial planning. 

    UNIT STANDARD CCFO CONTRIBUTING 
    Contribute to the full personal development of each learner and the social and economic development of society at large by:
  • Participating as a responsible citizen in the life of local, national and global communities by implementing sound management of personal finances. 

  • 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 12509, " Manage personal finances ", Level 1, 8 credits. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  61755   General Education and Training Certificate: Business Practice  Level 1  NQF Level 01  Reregistered  2023-06-30  SERVICES 
    Core  57937   General Education and Training Certificate: Hygiene and Cleaning  Level 1  NQF Level 01  Reregistered  2023-06-30  SERVICES 
    Core  80786   National Certificate: Home-Care Practices  Level 2  NQF Level 02  Reregistered  2023-06-30  SERVICES 
    Elective  65969   General Education and Training Certificate: Human Settlements Development  Level 1  NQF Level 01  Reregistered  2023-06-30  CETA 
    Elective  66269   General Education and Training Certificate: Lumber Milling  Level 1  NQF Level 01  Reregistered  2023-06-30  FPMSETA 
    Elective  59300   General Education and Training Certificate: Transport  Level 1  NQF Level 01  Reregistered  2023-06-30  TETA 
    Elective  20183   National Certificate: Banking  Level 2  NQF Level 02  Passed the End Date -
    Status was "Reregistered" 
    2015-06-30  BANKSETA 
    Elective  65789   National Certificate: Construction Plant Operations  Level 2  NQF Level 02  Reregistered  2023-06-30  CETA 
    Elective  58860   National Certificate: Electro-Mechanical Winding  Level 2  NQF Level 02  Reregistered  2023-06-30  MERSETA 
    Elective  66312   National Certificate: Lumber Milling  Level 2  NQF Level 02  Reregistered  2023-06-30  FPMSETA 


    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. AETA Training Solutions 
    2. AGB Finance 
    3. Agisanang SA Training 
    4. Aldabri 106 Institute for Quality Pty Ltd 
    5. Amagema Development Consultants cc 
    6. Amokoro Training (PTY) Ltd 
    7. Amos / Kgaphamadi Community Organisation 
    8. Andebe Training and Skills Development 
    9. Aniathu Trading (Pty) Ltd 
    10. Arden School of Management (Pty) Ltd 
    11. Assured Vocational Skills Institute (Pty) Ltd 
    12. Aveng Grinaker -LTA Civil Engineering 
    13. Ayasaphe Trading cc 
    14. Babina Tlou Trading and Projects 001 
    15. Bafikile Skills & Consulting Services (Pty) Ltd 
    16. Bakgoni Empowerment Centre (Pty) Ltd 
    17. Bev Short Training Consultants 
    18. Big Tree Group (Pty) Ltd 
    19. Bold Venture Trading (Pty) Ltd 
    20. Broadway Sky Trading 
    21. Bullet Proofing Technology Pty Ltd 
    22. Cebelihle (Pty) Ltd 
    23. Chamonix Consulting (Pty) Ltd 
    24. Chippa Training Academy (Pty) Ltd 
    25. Circleway College 
    26. CMO Logistics Pty Ltd 
    27. Coastal Kzn F.E.T. College - Swinton Road Campus 
    28. Compuscan Academy 
    29. Cradle Stars Trading Enterprise (Pty) Ltd 
    30. CS Hentiq 1121 
    31. DIONYSUS SKILLS DEVELOPMENT INITIATIVE PTY LTD 
    32. Duzi-Corp 56 
    33. Ebotse Development and Training Centre 
    34. Edu-Wise Group (Pty) Ltd 
    35. Ekurhuleni Artisans & Skills Training Centre (Pty) Ltd 
    36. ENB Training Service(PTY)Ltd 
    37. Eshet Chayil Concepts (Pty) Ltd 
    38. ETS Emergency Training Solutions (Pty) Ltd 
    39. Faithworks Development Consultants (Pty) Ltd 
    40. Fundakahle Multi-Purpose Co-operative Limited 
    41. Future Discovery Training Academy CC 
    42. Futuretech Campus (Pty) Ltd 
    43. Gcinumbuso (Pty) Ltd 
    44. Gemini Stars (Pty) Ltd 
    45. GNBR Solutions (Pty) Ltd 
    46. Green Enviro & Projects (Pty)Ltd 
    47. GT Design 
    48. He and She Driver Training Centre 
    49. HHO Enterprise 
    50. Hlelolusha Consultants (Pty) Ltd 
    51. Hybrid Dynamics 
    52. I Care Resource Centre 
    53. Imbeleko Community Development Projects 
    54. Imperial Logistics & Transport A Div Of Imper 
    55. Innovative Shared Services 
    56. INTERACTIVE TUTOR (PTY) LIMITED 
    57. Intuthuko Yesizwe Community Organisation 
    58. Inyapa Vhusiku Consulting Pty Ltd 
    59. IQ Skills Academy (PTY) LTD. 
    60. Ithemba Lomphakathi Community Organisation 
    61. Kingdom Varsity College (Pty) Ltd 
    62. KLM Empowered Human Solution Specialists 
    63. Kusabelele Investments 
    64. Kwamahlati Training Services cc 
    65. Learning Exchange Pty (Ltd) 
    66. Legal Environment Safety & Health Requirements cc 
    67. Lembede Investment Holdings (Pty) Ltd 
    68. Lens Plumbers 
    69. Letaba TVET College 
    70. Lisakhanya Skills Development Consultants (Pty) Ltd 
    71. LLSM (Pty) Ltd 
    72. Lungile Mchunu Consultancy (Pty) Ltd 
    73. Maab Training Management ( Pty) Ltd 
    74. Makwedeng Training 
    75. Malitinne (Pty) Ltd 
    76. Mavco Engineering (Pty) Ltd 
    77. Mberwana Trading Enterprise 
    78. Mbova Multi Services cc 
    79. Mearnsii Trading cc 
    80. Media Works 
    81. Mgadaveni Training Projects (Pty) Ltd 
    82. MINERAL MINING TRAINING INSTITUTE(PTY) LTD 
    83. Mlasimbi Catering Primary Co-operative Limited 
    84. Modilete Training 
    85. MORTERBOARD TRAINING SOLUTIONS (PTY) LTD 
    86. Mphahle Consultancy (Pty) Ltd 
    87. Mukwevho Training and Development 
    88. Nedbank Ltd 
    89. New Business Initiative Management Consultancy 
    90. Nikwe Trading (Pty) Ltd 
    91. NokushoM Consultancy & Trading (Pty) Ltd 
    92. Nolwazi Dev Centre (Pty) Ltd 
    93. Nomazi Project & Supplies 
    94. Nomzumbe Trading & Projects (Pty) Ltd 
    95. NOSA LOGISTICS PTY LTD 
    96. Nosino Projects (Pty) Ltd 
    97. Nqothu Projects (PTY) LTD 
    98. Nteko Investments 
    99. Ntuthuko Projects & Services 
    100. Nurture-Nature Resources (Pty) Ltd 
    101. Nurtured Minds Trading (Pty) Ltd 
    102. Optimum Capacity (Pty) Ltd 
    103. Oyama Kulwazi Training & Consulting (Pty) Ltd 
    104. Pectosource (Pty) Ltd 
    105. Phambile Skills Training (Pty) Ltd 
    106. Phetho Concepts (Pty) Ltd 
    107. Pinus Tech Technologies Trading and Projects 
    108. Platorand Training Centre 
    109. Premier Agric (Pty) Ltd 
    110. Prempie Business Solutions (Pty) Ltd 
    111. Primeserv Corporate Solutions (Pty) LTD 
    112. Prispiri (Pty) Ltd 
    113. Professional Development and Training Institute (Pty) Ltd 
    114. Qualfurn Training & Projects 
    115. RCH Investments (Pty) Ltd 
    116. RJM Investments 
    117. Royal Express 
    118. Safe Heavens Properties (Pty) Ltd 
    119. Seacrest Investments 156 (Pty) Ltd 
    120. SETSMOL ENTERPRISE CC 
    121. Sibalwethu Consultants (Pty) Ltd 
    122. Silalele Consultants (Pty) Ltd 
    123. SKILL TECH SOLUTIONS PTY LTD 
    124. Skills For Life 
    125. Sko Group (Pty) Ltd 
    126. SPLS Consultants (Pty) Ltd 
    127. Staffing Logistics 
    128. Sunrise Skills Training 
    129. Take Note Trading 227 cc 
    130. TBL Empowerment Hub 
    131. ThabileTrade 1054 cc 
    132. The Brokers Learning Centre 
    133. THE SKILLS DEVELOPMENT CORPORATION PRIVATE PTY LTD 
    134. Thunderflex3 Pty (Ltd) 
    135. TIBZA Consulting (Pty) Ltd 
    136. Tirhani SkillsTraining Pty Ltd 
    137. Tiriso Investments 
    138. Train Learn and Develop Ltd 
    139. Training Force 
    140. Training Force (Pty) Ltd 
    141. Ubucubu Home Industries 
    142. Udumo Training & Develoment (Pty) Ltd 
    143. Ukubhukuda Trading & Projects 165 
    144. Umbuso Training Services 
    145. Umgano Foundation (NPC) 
    146. Umlozi Skills Centre (Pty) Ltd 
    147. Uphiwekonke Holdings (Pty) Ltd 
    148. Valotech 274 (Pty) Ltd 
    149. VEB CELE & Associates (Pty) Ltd 
    150. Wal Training (Pty) Ltd 
    151. Westrand Graduate Institute Training and Engineering (Pty) Ltd 
    152. Wilratty Consultants (Pty) Ltd 
    153. World Pace Development & Training Institute (Pty) Ltd 
    154. Xhamela Development Services 
    155. Yangantle Trading 
    156. Yenza Umehluko/ Make a Difference 
    157. York Timbers 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.