1. 1 Commissioned by PAMSA and German Technical Co-Operation National Certificate in Paper & Pulp Manufacturing NQF Level 2 Manage basic personal finance.

2. 2 Commissioned by PAMSA and German Technical Co-Operation National Certificate in Paper & Pulp Manufacturing NQF Level 2 Total Notional Hours US:9268Manage basic personal finance TF213.69Understanding what the economy is and how it impacts on me TF213.70Understanding what savings are TF213.71Understanding why I must manage my own finances TF213.72Understanding banking TF213.73Understanding my payslip - What it means Notional Hours TF213.75Developing a personal budget TF213.76Managing my budget TF213.74Planning my savings 8 4 8 5 3 2 40 P&P2FM28 The economy and my money P&P2FM29 Balancing my books

3. 3 Commissioned by PAMSA and German Technical Co-Operation National Certificate in Paper & Pulp Manufacturing NQF Level 2 Understand how tax works and how it benefits the individual Understand the implications of not paying tax Understand what the economy is and what the basic principles are that apply in our economy TF213.69 Understanding what the economy is and how it impacts on me Critical Cross-field Outcomes Identify and solve problems Work effectively with others Communicate effectively Organise and manage myself and my activities Collect, analyse, organise and critically evaluate information Use science and technology effectively and critically Demonstrate an understanding of the world as a set of related systems Use mathematics Learner and societal development Understand the basics of the concept of sustainable development Understand what NEPAD stands for and how it impacts on the economy Be able to use a basic pre developed checklist and given current economic information to do a basic analysis of the current state of the economy US:9268Manage basic personal finance

4. 4 Commissioned by PAMSA and German Technical Co-Operation National Certificate in Paper & Pulp Manufacturing NQF Level 2 Topic Specification Learning Outcomes On completion of this topic the learner will be able to: Demonstrate understanding of what the economy is and what the basic principles are that apply in our economy; Demonstrate understanding of how tax works and how it benefits the individual; Demonstrate understanding of the implications of not paying tax; Demonstrate understanding of the basics of the concept of sustainable development; Demonstrate understanding of what NEPAD stands for and how it impacts on the economy; and Use a basic pre developed checklist and given current economic information to do a basic analysis of the current state of the economy Assignment Description WHATWHAT WHYWHY HOW An individual and group exercise of applying understanding of the basic economic fundamentals during a series of personal financial case studies To ensure that the learners can link the aspects of business dynamics to personal financial welfare Individually study the concepts In a group conduct the various case study exercises Provide individual and group feedback Jointly complete the economic checklist Develop an individual action plan for learning more about personal finance Assessment Criteria : (The assessor will observe and confirm) Process Understanding of the link between personal finances and the success of the business SHEQ Understanding how the SHEQ principles also apply to your personal financial welfare Notional Hours 8 TF213.69 Understanding what the economy is and how it impacts on me

5. 5 Commissioned by PAMSA and German Technical Co-Operation National Certificate in Paper & Pulp Manufacturing NQF Level 2 TF213.70 Understanding what savings are Understand what inflation is and how it impacts on the economy and the individual Understand how debt works and what the short, medium and long term implications of debts is Understand the value of saving Critical Cross-field Outcomes Identify and solve problems Work effectively with others Communicate effectively Organise and manage myself and my activities Collect, analyse, organise and critically evaluate information Use science and technology effectively and critically Demonstrate an understanding of the world as a set of related systems Use mathematics Learner and societal development US:9268Manage basic personal finance Understand the various types of debt that we get Understand the basic types of investment that we get and the benefits and pitfalls of each. Be able to use an investment checklist to identify good short, medium and long term investments.

6. 6 Commissioned by PAMSA and German Technical Co-Operation National Certificate in Paper & Pulp Manufacturing NQF Level 2 Topic Specification Learning Outcomes On completion of this topic the learner will be able to: Demonstrate understanding of what inflation is and how it impacts on the economy and the individual; Demonstrate understanding of how debt works and what the short, medium and long term implications of debts is; Demonstrate understanding of the various types of debt that we get; Demonstrate understanding of the value of saving; Demonstrate understanding of the basic types of investment that we get and the benefits and pitfalls of each; and Use an investment checklist to identify good short, medium and long term investments. Assessment Criteria : (The assessor will observe and confirm) Learners ability to identify good and bad investments and clearly state the critical need for investment and saving. Notional Hours 8 TF213.70 Understanding what savings are Assignment Description WHATWHAT WHYWHY HOW An individual and group exercise of applying understanding of the concepts of savings, debt and inflation during a series of personal financial case studies To ensure that the learners can link the aspects of business dynamics to personal financial welfare Individually study the concepts; In a group conduct the various case study exercises; Provide individual and group feedback; Individually complete the investment checklist and discuss the pros and cons of the investments during a group session; and Participate in an investment “game” with structured learning and feedback.

7. 7 Commissioned by PAMSA and German Technical Co-Operation National Certificate in Paper & Pulp Manufacturing NQF Level 2 Understand the concept of short interval control TF213.71 Understanding why I must manage my own finances Be able to calculate the compound interest on savings and debt over time Critical Cross-field Outcomes Identify and solve problems Work effectively with others Communicate effectively Organise and manage myself and my activities Collect, analyse, organise and critically evaluate information Use science and technology effectively and critically Demonstrate an understanding of the world as a set of related systems Use mathematics Learner and societal development US:9268Manage basic personal finance Understand how time impacts on savings and the cost of debt. Understand the dynamics of medical cost and the emerging future of medical aid organisations. Understand the changing life style needs of the elderly and how this impacts on budgets. Understand the changing cost of education and how this impacts on budgets. Understand the need for a balanced healthy life style and how this must be budged for. Understand the potential drain of addictive behaviour and gambling on budgeting. Be able to develop a good budgeting checklist and complete this based on current budgeting practices

8. 8 Commissioned by PAMSA and German Technical Co-Operation National Certificate in Paper & Pulp Manufacturing NQF Level 2 Topic Specification Learning Outcomes On completion of this topic the learner will be able to: Demonstrate understanding of the concept of short interval control; Demonstrate understanding of how time impacts on savings and the cost of debt; Calculate the compound interest on savings and debt over time; Demonstrate understanding of the dynamics of medical cost and the emerging future of medical aid organisations; Demonstrate understanding of the changing life style needs of the elderly and how this impacts on budgets; Demonstrate understanding of the changing cost of education and how this impacts on budgets; Demonstrate understanding of the need for a balanced healthy life style and how this must be budged for; Demonstrate understanding of the potential drain of addictive behaviour and gambling on budgeting; and Develop a good budgeting checklist and complete this based on current budgeting practices. Assessment Criteria : (The assessor will observe and confirm) Understanding of the long term importance of budgeting for personal finance; and Understanding that the same budgeting principles apply to businesses. Notional Hours 4 TF213.71 Understanding why I must manage my own finances Assignment Description WHATWHAT WHYWHY HOW An individual and group exercise of applying understanding of the budgeting and budget control in a series of personal financial case studies To ensure that the learners can link the aspects of business dynamics to personal financial welfare Individually study the concepts; In a group conduct the various case study exercises and debate the various concepts; Provide individual and group feedback; Develop an individual action plan for learning more about personal finance; and Individually develop a budgeting checklist and present it to the group for feedback and comments.

9. 9 Commissioned by PAMSA and German Technical Co-Operation National Certificate in Paper & Pulp Manufacturing NQF Level 2 Understand the basic history of banking and how banks are evolving Be able to develop a checklist of criteria for the ideal banking service to meet the individual learners needs. Be able to operate an ATM TF213.72 Understanding banking Understand the difference between the various bank accounts Critical Cross-field Outcomes Identify and solve problems Work effectively with others Communicate effectively Organise and manage myself and my activities Collect, analyse, organise and critically evaluate information Use science and technology effectively and critically Demonstrate an understanding of the world as a set of related systems Use mathematics Learner and societal development US:9268Manage basic personal finance Understand the basic services that banks provide Be able to complete application forms for opening a bank account Be able to access banking services electronically Understand the long term benefits of having and responsibly operating a bank account Understand the security issues and potential pitfalls of operating various banking services

10. 10 Commissioned by PAMSA and German Technical Co-Operation National Certificate in Paper & Pulp Manufacturing NQF Level 2 Topic Specification Learning Outcomes On completion of this topic the learner will be able to: Demonstrate understanding of the basic history of banking and how banks are evolving; Demonstrate understanding of the difference between the various bank accounts; Demonstrate understanding of the basic services that banks provide; Operate an ATM; Complete application forms for opening a bank account; Access banking services electronically; Demonstrate understanding of the long term benefits of having and responsibly operating a bank account; Demonstrate understanding of the security issues and potential pitfalls of operating various banking services; and Develop a checklist of criteria for the ideal banking service to meet the individual learners needs. Assignment Description WHATWHAT WHYWHY HOW An individual and group exercise of studying the banking history and collecting information regarding banking services that are then discussed in a group where a checklist is developed. To ensure that learners develop a clear understanding of the relevant issues related to banking so that they can make informed decisions when accessing these services. Individually study the banking history; In a group discuss banking services and develop a set of questions that need to be answered; In small groups visit banking institutions to collect relevant information and application forms for different services; Individually interview people who have had bank accounts for a long time to learn from their experiences; Jointly develop the checklist for selecting banking services; and Individually access electronic banking. Assessment Criteria : (The assessor will observe and confirm) The ability of learners to make informed choices regarding the available banking services Notional Hours 8 TF213.72 Understanding banking

11. 11 Commissioned by PAMSA and German Technical Co-Operation National Certificate in Paper & Pulp Manufacturing NQF Level 2 Understand the fundamental agreements reached in your company regarding basic conditions of service Understand the purpose and legal requirements regarding payslips TF213.73 Understanding my payslip - What it means Understand the fundamental requirements of the basic conditions of employment legislation Be able to read and interpret your own pay slip Critical Cross-field Outcomes Identify and solve problems Work effectively with others Communicate effectively Organise and manage myself and my activities Collect, analyse, organise and critically evaluate information Use science and technology effectively and critically Demonstrate an understanding of the world as a set of related systems Use mathematics Learner and societal development US:9268Manage basic personal finance Understand the details of your personal employment contract

12. 12 Commissioned by PAMSA and German Technical Co-Operation National Certificate in Paper & Pulp Manufacturing NQF Level 2 Topic Specification Learning Outcomes On completion of this topic the learner will be able to: Demonstrate understanding of the purpose and legal requirements regarding payslips; Demonstrate understanding of the fundamental requirements of the basic conditions of employment legislation; Demonstrate understanding of the fundamental agreements reached in your company regarding basic conditions of service; Demonstrate understanding of the details of your personal employment contract; and Read and interpret your own pay slip. Assignment Description WHATWHAT WHYWHY HOW A group exercise of attending lectures and work sessions on the legislation and agreements and an individual exercise of working through the specific employment contract and studying pay slips. To ensure that the learners understands the dynamics of conditions of employment and how this is recorded and reflected in pay slips. Learners attend the joint lectures and work sessions and work through the case exercises; Individuals obtain and study their personal work contracts and discuss this with their organised labour representative; and Individual learners study their pay slips and work out various scenarios regarding deductions and overtime. Assessment Criteria : (The assessor will observe and confirm) Learners understanding of their basic conditions of service and how these are reflected in their pay slips; and Learners ability to use the pay slip as a means of managing and controlling the fair implementation of their contracts of service. Notional Hours 5 TF213.73 Understanding my payslip - What it means

13. 13 Commissioned by PAMSA and German Technical Co-Operation National Certificate in Paper & Pulp Manufacturing NQF Level 2 Understand the importance of early planning of savings and investment Be able to use the investment checklist previously developed to select appropriate investments Critical Cross-field Outcomes Identify and solve problems Work effectively with others Communicate effectively Organise and manage myself and my activities Collect, analyse, organise and critically evaluate information Use science and technology effectively and critically Demonstrate an understanding of the world as a set of related systems Use mathematics Learner and societal development US:9268Manage basic personal finance TF213.74 Planning my savings Be able to calculate the impact of compound interest on specific savings over time Be able to develop a dynamic and relevant savings plan to suit the specific needs of the individual learner Be able to advise other learners on developing realistic savings plans

14. 14 Commissioned by PAMSA and German Technical Co-Operation National Certificate in Paper & Pulp Manufacturing NQF Level 2 Topic Specification Learning Outcomes On completion of this topic the learner will be able to: Demonstrate understanding of the importance of early planning of savings and investment; Use the investment checklist previously developed to select appropriate investments; Calculate the impact of compound interest on specific savings over time; Develop a dynamic and relevant savings plan to suit the specific needs of the individual learner; and Advise other learners on developing realistic savings plans. Assignment Description WHATWHAT WHYWHY HOW A group exercise of discussing savings and the need to start early and individual exercise of using the previously developed checklist to develop an individulised savings plan. To ensure that the learners start developing a dynamic and realistic savings strategy. Learners attend the group session and modify their checklists; Learners individually use the checklists and a pre developed pro forma planning document to start developing a savings strategy and plan; and Learners present and discuss their plans for comments and positive review. Assessment Criteria : (The assessor will observe and confirm) Learners ability to develop realistic and relevant savings plans that will help them to achieve the personal financial targets that they have set; and Learners ability to link these savings plans to realistic career aspirations. Notional Hours 3 TF213.74 Planning my savings

15. 15 Commissioned by PAMSA and German Technical Co-Operation National Certificate in Paper & Pulp Manufacturing NQF Level 2 Understand the key principles associated with proper budgeting Be able to use good process questions when discussing budget requirements with key stakeholders Critical Cross-field Outcomes Identify and solve problems Work effectively with others Communicate effectively Organise and manage myself and my activities Collect, analyse, organise and critically evaluate information Use science and technology effectively and critically Demonstrate an understanding of the world as a set of related systems Use mathematics Learner and societal development US:9268Manage basic personal finance TF213.75 Developing a personal budget Understand the importance of involving relevant stake holders in the personal budgeting process Be able to use a pre developed spreadsheet to plan a basic personal budget based on the requirements and needs developed with key stakeholders. (Include the savings strategy)

16. 16 Commissioned by PAMSA and German Technical Co-Operation National Certificate in Paper & Pulp Manufacturing NQF Level 2 Topic Specification Learning Outcomes On completion of this topic the learner will be able to: Demonstrate understanding of the key principles associated with proper budgeting; Demonstrate understanding of the importance of involving relevant stake holders in the personal budgeting process; Use good process questions when discussing budget requirements with key stakeholders; and Use a pre developed spreadsheet to plan a basic personal budget based on the requirements and needs developed with key stakeholders. Assignment Description WHATWHAT WHYWHY HOW An individual exercise of working through study material, having discussions with key personal stakeholders and developing realistic budgets for presentation using pre prepared spreadsheets. To ensure that the learners can practically apply the personal budgeting principles. Learners individually work through the study material; Learners conduct discussion sessions with key personal stakeholders; Learners develop their budgets and prepare for presentation; Learners present their budgets in small group sessions and receive comments ideas and suggestions to improve. Assessment Criteria : (The assessor will observe and confirm) Learners ability to use all the skills previously learnt to develop a budget that is realistic and related to the individuals personal career and life expectations. Notional Hours 3 TF213.75 Developing a personal budget

17. 17 Commissioned by PAMSA and German Technical Co-Operation National Certificate in Paper & Pulp Manufacturing NQF Level 2 Understand the basic principles of control and budget management Be able to develop a basic personal budget management process and system Critical Cross-field Outcomes Identify and solve problems Work effectively with others Communicate effectively Organise and manage myself and my activities Collect, analyse, organise and critically evaluate information Use science and technology effectively and critically Demonstrate an understanding of the world as a set of related systems Use mathematics Learner and societal development US:9268Manage basic personal finance TF213.76 Managing my budget Understand the need to involve key family stakeholders in the management process Understand the value of visual management Be able to identify the need for corrective action to ensure that budget targets are met.

18. 18 Commissioned by PAMSA and German Technical Co-Operation National Certificate in Paper & Pulp Manufacturing NQF Level 2 Topic Specification Learning Outcomes On completion of this topic the learner will be able to: Demonstrate understanding of the basic principles of control and budget management; Demonstrate understanding of the need to involve key family stakeholders in the management process; Demonstrate understanding of the value of visual management; Develop a basic personal budget management process and system; and Identify the need for corrective action to ensure that budget targets are met. Assessment Criteria : (The assessor will observe and confirm) Learners understanding of the budget control principles and their ability to apply these principles to personal budgets and relate them to the controls that are used in the workplace to control business budgets. Notional Hours 2 TF213.76 Managing my budget Assignment Description WHATWHAT WHYWHY HOW An individual exercise of working through study material, having discussions with key personal stakeholders and developing realistic budgets controls for presentation using pre prepared spreadsheets. To ensure that the learners can practically apply the personal budget control principles. Learners individually work through the study material; Learners conduct discussion sessions with key personal stakeholders; Learners develop their budget controls and prepare for presentation; Learners present their budgets controls in small group sessions and receive comments ideas and suggestions to improve.