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  Complete 

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. African Duchess Coutore solutions (Pty) Ltd 
    3. AGB Finance 
    4. Agisanang SA Training 
    5. Aldabri 106 Institute for Quality Pty Ltd 
    6. Amagcwensa Trading Enterprise (Pty) Ltd 
    7. Amagema Development Consultants cc 
    8. Amokoro Training (PTY) Ltd 
    9. Amos / Kgaphamadi Community Organisation 
    10. Andebe Training and Skills Development 
    11. Aniathu Trading (Pty) Ltd 
    12. Asilon Trading Enterprise 
    13. Assured Vocational Skills Institute (Pty) Ltd 
    14. Aveng Grinaker -LTA Civil Engineering 
    15. Babina Tlou Trading and Projects 001 
    16. Bakgoni Empowerment Centre (Pty) Ltd 
    17. Bev Short Training Consultants 
    18. Big Tree Group (Pty) Ltd 
    19. Bright Future General Trading and Projects (Pty) Ltd 
    20. Broadway Sky Trading 
    21. BS Training Services 
    22. Bullet Proofing Technology Pty Ltd 
    23. Cebelihle (Pty) Ltd 
    24. Cel Impilo (Pty) Ltd 
    25. Chamonix Consulting (Pty) Ltd 
    26. Chippa Training Academy (Pty) Ltd 
    27. CMO Logistics Pty Ltd 
    28. Coastal Kzn F.E.T. College - Swinton Road Campus 
    29. Compuscan Academy 
    30. Cradle Stars Trading Enterprise (Pty) Ltd 
    31. CRG Group (Pty) Ltd 
    32. Dioka Business Consulting 
    33. DIONYSUS SKILLS DEVELOPMENT INITIATIVE PTY LTD 
    34. Donnybrook Education & Training College (Pty) Ltd 
    35. Ebotse Development and Training Centre 
    36. Edu-Wise Group (Pty) Ltd 
    37. Ehlanzeni TVET College 
    38. ENB Training Service(PTY)Ltd 
    39. Eshet Chayil Concepts (Pty) Ltd 
    40. Ethicae Juridico Consulting (Pty) Ltd 
    41. ETS Emergency Training Solutions (Pty) Ltd 
    42. Faithworks Development Consultants (Pty) Ltd 
    43. Firstrand Bank - Benmore 
    44. Fundakahle Multi-Purpose Co-operative Limited 
    45. Future Discovery Training Academy CC 
    46. Futuretech Campus (Pty) Ltd 
    47. Gcinumbuso (Pty) Ltd 
    48. Gemini Stars (Pty) Ltd 
    49. GNBR Solutions (Pty) Ltd 
    50. Green Enviro & Projects (Pty)Ltd 
    51. GT Design 
    52. He and She Driver Training Centre 
    53. HHO Enterprise 
    54. Hybrid Dynamics 
    55. I Care Resource Centre 
    56. Imbeleko Community Development Projects 
    57. Imperial Logistics & Transport A Div Of Imper 
    58. Innovative Shared Services 
    59. INTERACTIVE TUTOR (PTY) LIMITED 
    60. Intselelo Community & Development Institute NPC 
    61. Intuthuko Yesizwe Community Organisation 
    62. Inyapa Vhusiku Consulting Pty Ltd 
    63. IQ Skills Academy (PTY) LTD. 
    64. Ithala Lezemfundo (Pty) Ltd 
    65. Ithemba Lomphakathi Community Organisation 
    66. Kingdom Varsity College (Pty) Ltd 
    67. Kusabelele Investments 
    68. Kwamahlati Training Services cc 
    69. Learning Exchange Pty Ltd 
    70. Legal Environment Safety & Health Requirements cc 
    71. Lembede Investment Holdings (Pty) Ltd 
    72. Lens Plumbers 
    73. Letaba TVET College 
    74. Lisakhanya Skills Development Consultants (Pty) Ltd 
    75. LLSM (Pty) Ltd 
    76. Lomkhethi Trading Enterprise 
    77. Lungile Mchunu Consultancy (Pty) Ltd 
    78. Maab Training Management ( Pty) Ltd 
    79. Makwedeng Training 
    80. Malitinne (Pty) Ltd 
    81. Mantombana Projects (Pty) Ltd 
    82. MARGER TRAINING AND PROTERTIES (PTY) LTD 
    83. Mavco Engineering (Pty) Ltd 
    84. Mberwana Trading Enterprise 
    85. Mbova Multi Services cc 
    86. Mearnsii Trading cc 
    87. Media Works 
    88. Mgadaveni Training Projects (Pty) Ltd 
    89. MINERAL MINING TRAINING INSTITUTE(PTY) LTD 
    90. Mlasimbi Catering Primary Co-operative Limited 
    91. Modilete Training 
    92. Morongwa Consulting Services (Pty) Ltd 
    93. MORTERBOARD TRAINING SOLUTIONS (PTY) LTD 
    94. MPACT 
    95. Mphahle Consultancy (Pty) Ltd 
    96. Nchuncheko Holdings (Pty) Ltd 
    97. Nedbank Ltd 
    98. New Business Initiative Management Consultancy 
    99. Ngwekazi Multi-Services (Pty) Ltd 
    100. Nikwe Trading (Pty) Ltd 
    101. NokushoM Consultancy & Trading (Pty) Ltd 
    102. Nolwazi Dev Centre (Pty) Ltd 
    103. Nomazi Project & Supplies 
    104. Nomzumbe Trading & Projects (Pty) Ltd 
    105. NOSA LOGISTICS PTY LTD 
    106. Nosino Projects (Pty) Ltd 
    107. Nqothu Projects (PTY) LTD 
    108. NSJ Agricultural Farming And Multipurpose 
    109. Nteko Investments 
    110. Ntuthuko Projects & Services 
    111. Nurtured Minds Trading (Pty) Ltd 
    112. Oyama Kulwazi Training & Consulting (Pty) Ltd 
    113. P and R Development and Training (Pty) Ltd 
    114. Phambile Skills Training (Pty) Ltd 
    115. Phetho Concepts (Pty) Ltd 
    116. Pinus Tech Technologies Trading and Projects 
    117. Platorand Training Centre 
    118. PMV Destiny Skills Training and Development (Pty) Ltd 
    119. Prempie Business Solutions (Pty) Ltd 
    120. Prispiri (Pty) Ltd 
    121. Professional Development and Training Institute (Pty) Ltd 
    122. Qualfurn Training & Projects 
    123. Rhens Consulting 
    124. RJM Investments 
    125. Royal Express 
    126. S Squared Trading (Pty) Ltd 
    127. Safe Heavens Properties (Pty) Ltd 
    128. Seacrest Investments 156 (Pty) Ltd 
    129. SETSMOL ENTERPRISE CC 
    130. SIMAMA Training and Business Services 
    131. SKILL TECH SOLUTIONS PTY LTD 
    132. Skills For Life 
    133. Sko Group (Pty) Ltd 
    134. Snyawunywu Poultry Farming (Pty) Ltd 
    135. Spear of African Woman in Agriculture & Rural Development 
    136. SPLS Consultants (Pty) Ltd 
    137. Staffing Logistics 
    138. Sunrise Skills Training 
    139. Talent Sculpure Academy (Pty) Ltd 
    140. TBL Empowerment Hub 
    141. Tent and Gazebo (Pty) Ltd 
    142. ThabileTrade 1054 cc 
    143. The Brokers Learning Centre 
    144. THE SKILLS DEVELOPMENT CORPORATION PRIVATE PTY LTD 
    145. Thunderflex3 Pty (Ltd) 
    146. TIBZA Consulting (Pty) Ltd 
    147. Tirhani SkillsTraining Pty Ltd 
    148. Tiriso Investments 
    149. TN Development Projects Management & Training (Pty) Ltd 
    150. Train Learn and Develop Ltd 
    151. Training Force (Pty) Ltd 
    152. Ubucubu Home Industries 
    153. Udumo Training & Develoment (Pty) Ltd 
    154. Ukubhukuda Trading & Projects 165 
    155. Umbuso Training Services 
    156. Umgano Foundation (NPC) 
    157. Umlozi Skills Centre (Pty) Ltd 
    158. VCK Training and Technical Services Pty Ltd 
    159. VEB CELE & Associates (Pty) Ltd 
    160. Velenkosini Multiskills and Catering 
    161. Wal Training (Pty) Ltd 
    162. Westrand Graduate Institute Training and Engineering (Pty) Ltd 
    163. Wilratty Consultants (Pty) Ltd 
    164. World Pace Development & Training Institute (Pty) Ltd 
    165. Xhamela Development Services 
    166. 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.