Communication, Financial Literacy

CONCESSION

FOR

COMMUNICATION, FINANCIAL LITERACY

AND MATHEMATICS

NQF LEVEL 2 – 4

INSETA: Concession for Communication, Financial Literacy and Mathematics against a SouthAfricanSchool Leaving Certificate/Matriculation Certificate/National Senior Certificate

Competence in the language of business, English, in the Insurance and Investment Industry, is essential if learners are to demonstrate competence in the Unit Standards towards achieving Insurance and Investment Qualifications. The need for literacy and numeracy skills is indicated in Workplace Skills Plans, Sector Skills Research as well as being fundamental to NQF Qualifications.

To enable learning towards achieving its qualifications INSETA will allow a concession in recognition of prior learning to learners:

• Who hold a South African School Leaving Certificate (Grade 12, Standard 10, National Senior Certificate) and
• Are already employed in the insurance and investment industry or are registered for any learning/skills programme based on Unit Standards registered on the NQF and learning towards a full qualification or completing a learnership with INSETA.
• N – Qualifications will be evaluated on application by learner

Learners working towards one of the INSETA Qualifications or Learnerships may apply for concession for Communication, Financial Literacy and/or Mathematics based on the results of their South African School Leaving/Matriculation Certificate.

Concessions may only be granted against Unit Standards that form part of an INSETA Qualification, based on the results ofthe South African School Leaving or Matriculation Certificate with a pass.

It should be noted that a full pass in Matric is required for this concession, as indicated below:

• Symbol A to D.

• Achievement Level 4 – 7.

Any foreign Matric or other foreign qualification will have to be evaluated by SAQA for equivalence to the South African Standard prior to INSETA accepting such qualification or application. The process of SAQA will have to be followed and adhered to.

Updated INSETA Qualifications for which concession will be granted to learners who meet the minimum requirements are available on the INSETA website and the SAQA website on .

Note that:

• Learners who do not meet the required conditions for concession against the fundamental unit standards, are required to be trained and assessed for competence against the Fundamental Unit Standards at the Level of the Qualification.
• If a learner is competent in Communication, Financial Literacy and/or Mathematics at Level 4 it is assumed that the learner is also competent at Levels 2 and 3.
• A learner may therefore receive credits towards the Communications, Financial literacy and/or Mathematics fundamentals at Level 2 or 3 as well as Level 4 based on the results indicated on the South African School Leaving/National Senior Certificate/Matriculation Certificate.
• Only certified copies of the original South African School Leaving/National Senior Certificate/Matriculation Certificate will be accepted as evidence of prior learning for the purpose of this concession.

Conditions for the awarding of RPL against a South African School Leaving/National Senior Certificate/Matriculation Certificate.

• Mathematics (Level 2,3 and 4)

Learners who passed Mathematics as a subject in Grade 12 may be granted 16 credits through concession against the Mathematical Fundamental Unit Standards at Levels 2,3 and 4.

Note:Functional Maths, Business Maths, Commercial Arithmetic and all other variations cannot be used for credit purposes.

• Communication in the Language of Business: English (required at the level of the qualification).

Learners who passed English as a subject in Grade 12 may be granted 20 credits through concession against the Communication Unit Standards at Levels 2, 3 and 4.

• Communication in an additional South African Language (20 credits at level of the qualification).

Learners who passed an additional South African Language other than the language of business (English) as a First, Second or Third Language as a subject in Grade 12 may be granted 20 credits through concession against the Communication Unit Standards required as a Second Language at Level 3.

The following are recognised as South African Languages:

• Financial Literacy Levels 2, 3 and 4

Learners who passedBusiness Economics or Bookkeeping or Accounting as asubject in Grade 12 may be granted 12 credits through concessionagainst the Financial Literacy Unit Standards at Level 2, 3 or 4.

• Business Economics Unit Standards (10385 and 10386)

Learners who passed Business Economics as a subject in Grade 12 may be granted credits through concession against Unit Standards10385 and 10386.

Policy for Learners embarking on learnerships or learning/skills programmes

It is the responsibility of the provider and the employer to ensure that learners entering

learnerships and/or learning/skills programmes are sufficiently competent in the

Language of Business to enable them to complete the learnership or learning/skills

programme in the allotted time.

Foreign School Leaving Qualifications

This concession does not apply to learners who completed their schooling outside of the

Republic of South Africa.

Learners with foreign school leaving qualifications are requiredto be assessed for competence against the compulsory Communication andMathematical Unit Standards at the Level of the Qualification or have theircertificates evaluated by SAQA for South African equivalence before concession can beconsidered.

Process to be followed in requesting concession against a SouthAfricanSchool

Leaving/ Matriculation Certificate: -

Providers

• Learners may apply to accredited INSETA Providers for concession for

the Communication, Financial Literacy and Mathematical Fundamental Unit Standards.

• Providers may appoint (in writing) and train an INSETA registered Assessor to receiveand check applications for approval for the Communications, Financial Literacy andMathematical unit standards against the original South African SchoolLeaving/Matriculation Certificate.
• Applications must not be sent to INSETA for approval but credits must be included on the NLRD Upload Forms and must form part of the Portfolio of Evidence, following a verification approval by INSETA at the verification visit.
• Original concession forms, Certified copies of supporting documentation and approvals are to be kept by the Provider for audit purposes.
• Providers are required (within the mandate given by INSETA) to access the

SETA Management System (SMS) to upload the appropriate credits.

• The INSETA ETQA will audit the uploading of credits from time to time on-site.

Learners are required to:

Submit to the provider to whom they are applying for concession thefollowing: -

• A completed application form
• A certified copy of the Matric results
• A certified copy of the RSA ID Document or Passport
• A certified copy of marriage/divorce papers where applicable

The Provider’sappointed Assessor is requiredto:

• Check the copies of all Certificates and supporting documents to establish validity and authenticity.
• Check the application form for completeness.
• Indicate the Unit Standards to be credited to the learner against the SchoolLeaving/Matriculation Certificate and complete the signed declaration on the formfor each individual learner.
• File all documents for ETQA verification and audit purposes and in line with the provider’s policy and procedure for safe storage.

Reviews

Relevant Unit standards will be updated on the concession application form annually or when the need arises. (See Application Form)

This guideline may be reviewed on an annual basis or as and when the need for a review is necessary.

The reviewed documents will be placed on the INSETA website.

1

Concession for Communication, Financial Literacy and Mathematics. Revision 4 February 2010