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: 

Demonstrate an understanding of the core concepts of the equities market 
SAQA US ID UNIT STANDARD TITLE
13381  Demonstrate an understanding of the core concepts of the equities market 
ORIGINATOR
SGB Banking and Micro Finance 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
BANKSETA - Banking Sector Education and Training Authority 
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" 		 2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2026-06-30   2029-06-30  

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 for people who are able to demonstrate an understanding of the core concepts of the Equities markets.

The qualifying learner is capable of:
  • Demonstrating an understanding of ethical, professional and legal limits of South African legislation and codes of practice
  • Demonstrating an understanding of local and international Equity markets
  • Performing basic Equity valuation calculations
  • Operating within the rules and directives of the Financial Market Exchanges
  • Defining the various types of Risk
  • Demonstrating an understanding of the settlement process for Equities 
    		•

    LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    The learner must be able to work within a treasury or investment environment and to understand the commercial objectives of the operation in which they work. It is essential that learners are competent in mathematics at an NQF level four. 

    UNIT STANDARD RANGE 
    Within the context of local and international financial markets. 

    Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Demonstrate an understanding of the ethical, professional and legal limits of SA legislation 
    OUTCOME NOTES 
    Demonstrate an understanding of the ethical, professional and legal limits of South African legislation and codes of practice 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. The legislation and codes of practice regulating Financial Markets is identified. 

    ASSESSMENT CRITERION 2 
    2. Information within the Financial Markets is located. 

    ASSESSMENT CRITERION 3 
    3. Legislation regulating Financial Markets is complied with. 
    ASSESSMENT CRITERION RANGE 
    Applicable sections of the Financial Markets Control Act, Stock Exchanges Control Act, Code of Conduct of the South African Institute for Financial Markets.
     

    ASSESSMENT CRITERION 4 
    4. Ethical and professional behaviour is demonstrated. 
    ASSESSMENT CRITERION RANGE 
    Financial Markets Control Act, Stock Exchanges Control Act, Code of Conduct of the South African Institute for Financial Markets.
     

    SPECIFIC OUTCOME 2 
    Demonstrate an understanding of local and international equity markets 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. The structure and functioning of the Financial Markets sector is explained. 

    ASSESSMENT CRITERION 2 
    2. An understanding of the international and local equity markets is demonstrated. 

    ASSESSMENT CRITERION 3 
    3. The nature of equity derivatives is defined and explained. 
    ASSESSMENT CRITERION RANGE 
    Index, Futures, Options, Index linked share products, Individual Equity.
     

    ASSESSMENT CRITERION 4 
    4. An understanding of equity market instruments is demonstrated. 
    ASSESSMENT CRITERION RANGE 
    Ordinary shares, Convertible shares, References, Shares, Warrants, Negotiable Certificates of Deposit.
     

    ASSESSMENT CRITERION 5 
    5. The various participants that utilise the equity market are identified. 

    ASSESSMENT CRITERION 6 
    6. The workings of equity trading and settlement platforms are understood. 
    ASSESSMENT CRITERION RANGE 
    SETS, STRATE.
     

    SPECIFIC OUTCOME 3 
    Perform basic equity valuation calculations 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Dividend yield is defined and calculated. 

    ASSESSMENT CRITERION 2 
    2. Price earnings ratio is defined and calculated. 

    ASSESSMENT CRITERION 3 
    3. Market capitalisation is defined and explained. 

    SPECIFIC OUTCOME 4 
    Operate within the rules and directives of the financial market exchanges 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. The Exchange and how it operates is defined. 

    ASSESSMENT CRITERION 2 
    2. The relevant information within the Exchange Rule Book is identified. 

    ASSESSMENT CRITERION 3 
    3. The concept of term to maturity is discussed and illustrated. 

    ASSESSMENT CRITERION 4 
    4. The rules and directives of the Exchange are complied with. 

    SPECIFIC OUTCOME 5 
    Define the various types of risk 
    OUTCOME RANGE 
    Market Risk, Interest Rate Risk, Liquidity Risk. 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. Risk within the equity market is identified. 

    ASSESSMENT CRITERION 2 
    2. The areas of risk associated with equity transactions are identified. 

    ASSESSMENT CRITERION 3 
    3. The basic risk control structures within the equity market are discussed. 

    SPECIFIC OUTCOME 6 
    Demonstrate an understanding of the settlement process for equities 

    ASSESSMENT CRITERIA     

    ASSESSMENT CRITERION 1 
    1. The time settlement period is understood and explained. 

    ASSESSMENT CRITERION 2 
    2. A familiarity with the electronic settlement programme is demonstrated. 

    ASSESSMENT CRITERION 3 
    3. A familiarity with the relevant settlement documentation is demonstrated. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    Accreditation for this Unit Standards shall be from the relevant education and Training Quality Assurer through formative and summative assessment by a registered Assessor. Assessment should be contextual and be conducted in the workplace as far as possible.

    The relevant NSB and SGB should be notified of any feedback related to this qualification.
  • Assessors must be registered as an Assessor with the relevant ETQA
  • Moderators must be registered as assessors with the relevant ETQA
  • Training providers must be accredited by the relevant ETQA
  • Moderation should include both internal and external moderation where applicable
  • The relevant ETQA will co-ordinate all moderation activities in accordance with their policies and procedures. 
    		•

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    Learners can:

    1. Apply knowledge of local and international Equity markets
    2. Apply understanding of the rules and directives of Financial Market Exchanges
    3. Identify various types of Risk 

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO IDENTIFYING 
    The learner is able to identify and solve problems relating to the completeness, correctness and accuracy of the information received. 

    UNIT STANDARD CCFO ORGANISING 
    Organise and manage oneself and one`s activities responsibly and effectively. 

    UNIT STANDARD CCFO COMMUNICATING 
    The learner is able to communicate effectively using basic mathematical and/or language skills in the modes of oral and/or written persuasion when communicating with relevant parties regarding the application. 

    UNIT STANDARD CCFO SCIENCE 
    The learner is able to use science and technology effectively and critically in applying the use of the company system to process applications. 

    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 
    Terminology:

    The learner should be able to define and contextualise the following terms:

    Convertible shares, Derivative, Future option, Index linked share products, Individual equity futures and options, Negotiable Certificate of Deposits, Ordinary shares, Preference shares, References, SETS, STRATE, Share Warrants

    Values:

    The use of tasks and materials in the learning event plan should not discriminate against learners on any grounds prescribed in the Bill of Rights and should promote the orientations outlined in the critical cross-field outcomes. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  20185   Further Education and Training Certificate: Banking  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered"     		 2023-06-30  BANKSETA 


    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. AAR Trading and Projects (Pty) Ltd 
    2. Advanced Assessments and Training (Pty) Ltd 
    3. Africa Glory Empowerment Services 
    4. Assured Vocational Skills Institute (Pty) Ltd 
    5. Brainwave Project 707 Pty Ltd 
    6. Brainwave Projects 707 
    7. Compuscan Academy 
    8. DC Academy 
    9. Delmas Development Centre 
    10. Fachs Business Consulting and Training 
    11. Gigimo Tourism Academy 
    12. MAT 007 (PTY) LTD 
    13. Matibidi Raphela Investments (Pty) LTD 
    14. Octomate Education Pty Ltd 
    15. Octopus Training Solutions 
    16. Production Management Institute of Southern Africa (Pty) Ltd 
    17. RIAPHATHUTSHEDZA 
    18. SIGNA ACADEMY (PTY) LTD 
    19. Sinovuyolethu Trading (Pty) Ltd 
    20. THE SHERQ CENTRE OF EXCELLENCE 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.