• NQF Level: 5
  • Credits: 120
  • Duration: 12 months


Module 1 – Legislation, Regulations and Compliance

  • Demonstrate an understanding of the legislative concepts and requirements within the banking and financial services environment.
  • Discuss the applicable financial legislation in the banking, insurance, financial services and financial planning sectors.

Module 2 – Code of Banking Practice and Ethical behaviour

  • Explain and apply what the Code of Banking Practice is and its implications for clients and the bank in terms of the relationship a bank has with its clients.
  • Conduct one-self professionally demonstrating ethical behaviour in a workplace environment.

Module 3 – Basic Economic and Business Concepts & Principles

  • The function of the economy and its participants
  • The concept of supply and demand as it relates to markets and economic conditions
  • The conditions under which markets fail and why Government intervention is necessary
  • Basic macro-economic goals and instruments, the GDP concept and its limitations is understood and applied in practice
  • The concepts of inflation
  • The objectives of macroeconomic policy
  • The differences between privatisation, deregulation and competition
  • The different types of business entities
  • The properties of a partnership, close corporation, companies (public and private) and a trust
  • The purpose and context of a business plan

Module 4 – Basic Accounting Concepts

  • Understand the Fundamental Accounting Concepts
  • The relevance and meaning of financial
  • The transactions flow process
  • The difference between a debit and a credit
  • Assets, Liabilities, Income & Expenditure
  • Knowledge of the types of credit available to clients i.e. loans, bonds, credit cards, overdrafts, etc.
  • A client is assisted in identifying the effects of poor credit management on his/her personal situation
  • Basic financial data is interpreted through research and practical examples
  • The difference between income and expenditure
  • Simple financial ratios

Module 5 – Providing Advice

  • Provide a basic personal financial advisory service to clients.
  • Provide the client with basic advice on personal financial planning.
  • Offer responsible financial advice in relation to the products offered by a specific bank in at least three of the subsections of Category I as prescribed by the FAIS Act and its Schedule of Fit and Proper categories/regulations as listed below
  • Compliance with the FAIS codes is explained and applied in terms of giving financial advice to clients.
  • The regulations pertinent to corporate financial planning are understood and applied in practice

Module 6 – Understand and Apply the Basic Principles of Investment

  • An understanding of investments
  • Terminology is used when dealing with investments
  • The nature, role and responsibilities of the Stock Exchange