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 THAT HAS PASSED THE END DATE: 

Analyse new developments reported in the media that could impact on the collective investment industry 
SAQA US ID UNIT STANDARD TITLE
12182  Analyse new developments reported in the media that could impact on the collective investment 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
Passed the End Date -
Status was "Reregistered" 		 2004-12-02  2007-12-02  SAQA 1657/04 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2008-12-02   2011-12-02  

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 collective investments in order to ensure knowledgeable and informed workers in the industry. It addresses a broad base of socio-economic and environmental related knowledge and requires the analysis of current affairs as they could impact on the collective investment industry. The emphasis is on reading newspapers and other media.

The qualifying learner is capable of:
  • Analysing articles and reports from current print and electronic material relating to collective investment schemes and their performance in the South African market.
  • Understanding the latest developments in technology that could impact on collective investment schemes.
  • Interpreting the effect that mergers between Collective Investment Scheme Managers have on the collective investment industry.
  • Analysing the effects of current global events on the South African collective investment industry. 
    		•

    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, Financial Literacy and Mathematical Literacy at NQF Level 3. 

    UNIT STANDARD RANGE 
    The typical scope of this unit standard is:
  • Articles from investment and financial journals and publications, news from a daily or weekly newspaper, television or radio newscast electronic or other news media. 
    		•

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Analyse articles and reports from current print and electronic material relating to unit trusts 
    OUTCOME NOTES 
    Analyse articles and reports from current print and electronic material relating to unit trusts and their performance in the South African market. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Articles and reports on events, both global and national that could result in change in the structure of the unit trust industry are collected over a period of at least six months. 

    ASSESSMENT CRITERION 2 
    2. The articles are summarised showing insight into how the current market trends could impact on the perception of unit trusts as an investment option. 

    ASSESSMENT CRITERION 3 
    3. Unregulated collective investment schemes reported in the media are analysed and the impact that they could have on unit trust sales is indicated and substantiated in plain language. 

    ASSESSMENT CRITERION 4 
    4. The effects of changes in legislation on the collective investment schemes sector are analysed with reference to product development within the unit trust industry. 

    ASSESSMENT CRITERION 5 
    5. Current events in the political environment within the SADCC are interpreted and an indication is given of their possible impact on the performance of unit trusts in South Africa. 

    ASSESSMENT CRITERION 6 
    6. A record is kept of how frequently management companies are reported in the media over a period of a month, and the message that is conveyed to the public by the frequency of media reports is interpreted and evaluated as positive or negative for the Management Company. 

    SPECIFIC OUTCOME 2 
    Demonstrate knowledge and understanding of the latest developments in technology 
    OUTCOME NOTES 
    Demonstrate knowledge and understanding of the latest developments in technology that could impact on unit trusts. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. New developments in technology that could affect the administration of unit trusts are described and an indication is given of how the technology could improve service delivery. 

    ASSESSMENT CRITERION 2 
    2. The possible impact that technological developments could have on the service provided by a Management Company to a unit holder is explained and an indication is given of the possible time frame before the technology becomes readily available. 

    ASSESSMENT CRITERION 3 
    3. The pros and cons of the new technology are investigated and summarised in a table. 

    ASSESSMENT CRITERION 4 
    4. A recommendation is made as to whether a reported innovation should be further investigated and how it could add value to a particular management company and/or provide improved service to the consumer. 

    SPECIFIC OUTCOME 3 
    Interpret the effect that mergers between Management Companies have on the unit trust industry. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. The positive and negative aspects of mergers between management companies are analysed and compared in terms of management staff, assets under management and unit holder options. 

    ASSESSMENT CRITERION 2 
    2. The cost implication of renaming funds when management companies merge is considered and a conclusion is made as to how this affects the unit holder. 

    ASSESSMENT CRITERION 3 
    3. Unit trust funds that have been renamed in the past two years are listed and an indication given of why the fund was renamed and the implication for the unit holder. 

    ASSESSMENT CRITERION 4 
    4. A report is compiled and presented on mergers and/or acquisitions that have taken place in the previous year and the possible impact that these will have on the unit trust industry. 

    ASSESSMENT CRITERION 5 
    5. The effect on the price of unit trusts when news of a merger or acquisition breaks is examined and the price movement is interpreted as a reflection of the public's perception of the proposed merger or acquisition. 

    SPECIFIC OUTCOME 4 
    Analyse the effects of current global events on the South African unit trust industry. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Advertisements in the media for unit trusts are analysed and a face value assessment made of the intended target market, the effectiveness of each advertisement and whether it promotes local or offshore investment. 

    ASSESSMENT CRITERION 2 
    2. Reports on offshore investment opportunities are analysed and an indication given of the advantages and disadvantages for the South African investor. 

    ASSESSMENT CRITERION 3 
    3. Reports of activity on three international exchanges are analysed and an attempt is made to explain sudden movement and predict the impact on South African unit trusts. 

    ASSESSMENT CRITERION 4 
    4. Events in the USA, Europe and Asia that could impact on the unit trust industry are analysed and an indication is given of the source of the greatest global risk to the unit trust industry in South Africa over a period of six months. 

    ASSESSMENT CRITERION 5 
    5. Reports on hedge funds, index funds, linked instruments and investment trusts are analysed and an indication given and supported on how these could impact on the unit trust industry. 

    SPECIFIC OUTCOME 5 
    Analyse articles and reports from current print and electronic material relating to CIS. 
    OUTCOME NOTES 
    Analyse articles and reports from current print and electronic material relating to collective investment schemes and their performance in the South African market. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Articles and reports on events, both global and national that could result in change in the structure of the collective investment industry are collected over a period of at least six months. 

    ASSESSMENT CRITERION 2 
    2. The articles are summarised showing insight into how the current market trends could impact on the perception of collective investments as an investment option. 

    ASSESSMENT CRITERION 3 
    3. Unregulated investment schemes reported in the media are analysed and the impact that they could have on the collective investment industry is indicated and substantiated in plain language. 

    ASSESSMENT CRITERION 4 
    4. The effects of changes in legislation on the collective investment industry are analysed with reference to product development within the collective investment industry. 

    ASSESSMENT CRITERION 5 
    5. Current events in the socio-economic, natural and political environment within the SADC are interpreted and an indication is given of their possible impact on the performance of collective investment schemes in South Africa. 

    ASSESSMENT CRITERION 6 
    6. A record is kept of how frequently a Collective Investment Scheme Manager is reported in the media over a period of a month, and the message that is conveyed to the public by the frequency of media reports is interpreted and evaluated as positive or negative for the Collective Investment Scheme Manager. 

    SPECIFIC OUTCOME 6 
    Demonstrate knowledge and understanding of the latest developments in technology. 
    OUTCOME NOTES 
    Demonstrate knowledge and understanding of the latest developments in technology that could impact on collective investment schemes. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. New developments in technology that could affect the administration of collective investment schemes are described and an indication is given of how the technology could improve service delivery. 

    ASSESSMENT CRITERION 2 
    2. The possible impact that technological developments could have on the service provided by a Collective Investment Scheme Manager to an investor is explained and an indication is given of the possible time frame before the technology becomes readily available. 

    ASSESSMENT CRITERION 3 
    3. The pros and cons of the new technology are investigated and summarised in a table. 

    ASSESSMENT CRITERION 4 
    4. A recommendation is made as to whether a reported innovation should be further investigated and how it could add value to a particular Collective Investment Scheme Manager and/or provide improved service to the investor. 

    SPECIFIC OUTCOME 7 
    Interpret the effect that mergers between Collective Investment Scheme Managers have. 
    OUTCOME NOTES 
    Interpret the effect that mergers between Collective Investment Scheme Managers have on the collective investment industry. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. The positive and negative aspects of mergers between Collective Investment Scheme Managers are analysed and compared in terms of management staff, assets under management and investor options. 

    ASSESSMENT CRITERION 2 
    2. The cost implication of renaming portfolios when Collective Investment Scheme Managers merge is considered and a conclusion is made as to how this affects the investor. 

    ASSESSMENT CRITERION 3 
    3. Three collective investment scheme portfolios that have been renamed in the past two years are listed and an indication given of why the portfolio was renamed and the implication for the investor. 

    ASSESSMENT CRITERION 4 
    4. A report is compiled and presented on mergers and/or acquisitions that have taken place in the previous year and the possible impact that these will have on the collective investment industry. 

    ASSESSMENT CRITERION 5 
    5. The effect on the price of collective investment scheme portfolios when news of a merger or acquisition breaks is examined and the price movement is interpreted as a reflection of the public`s perception of the proposed merger or acquisition. 

    SPECIFIC OUTCOME 8 
    Analyse the effects of current global events on the South African collective investment industry. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Advertisements in the media for collective investment schemes and/or portfolios are analysed and a face value assessment made of the intended target market, the effectiveness of each advertisement and whether it promotes local or offshore investment. 

    ASSESSMENT CRITERION 2 
    2. Reports on offshore investment opportunities are analysed and an indication given of the advantages and disadvantages for the South African investor. 

    ASSESSMENT CRITERION 3 
    3. Reports of activity on three international exchanges are analysed and an attempt is made to explain sudden movement and predict the impact on South African collective investment scheme portfolios. 

    ASSESSMENT CRITERION 4 
    4. Events in the USA, Europe and Asia that could impact on the collective investment industry are analysed and an indication is given of the source of the greatest global risk to the collective investment industry in South Africa over a period of six months. 

    ASSESSMENT CRITERION 5 
    5. Reports on hedge funds, linked instruments and linked investments are analysed and an indication given and supported on how these could impact on the collective investment industry. 


    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. 

    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 drawing conclusions and interpreting the impact of economic events on the collective investment industry. 

    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 the collective investment industry. 

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

    UNIT STANDARD CCFO SCIENCE 
    Use science and technology effectively and critically showing responsibility towards the environment in researching developments in technology that will impact on collective investment schemes. 

    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 local and global events and innovations. 

    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 

    UNIT STANDARD NOTES 
    Assessment:
    Portfolio assessment is required for this unit standard over a period of six months. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Core  20638   National Certificate: Collective Investment Schemes  Level 4  NQF Level 04  Passed the End Date -
    Status was "Registered"     		 2004-12-05  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.