Banknote Processor

The purpose of this qualification is to equip a learner with the required skill to operate as an official Banknote Processor. The qualifying learner will be able to conduct all banknote and coin processing operations and be able to successfully apply work-related skills in a banknote and coin processing environment. A qualified learner will be able to: • Conduct preparer and feeder operations. • Conduct reconciler and checker operations. • Conduct manual processing and shrink-wrapping operations.

Currently, there is no occupational qualification for Banknote Processors and the registration of an occupational qualification h will meet the sectoral needs and will ensure skilled and capable workers carrying out their tasks and responsibilities efficiently and according to the relevant regulations (South African Reserve Bank Act 90 OF 1989, Criminal Procedure Act 51 of 1977, National Environmental Management: Waste Act 59 of 2008, Occupational Health and Safety Act 12 of 2004, Prevention of Counterfeiting of Currency Act 16 of 1965). The role of the Banknote Processor is a significant one, which is not South African Reserve Bank specific, but also a recognised occupation within the following institutions nationwide: • Commercial banks (Standard Bank, Nedbank, Absa, First National). • Cash-in-transit/private cash processing companies (SBV, G4S and Fidelity). • Casino's. Benefits to the learner include: • A nationally recognised qualification. • Better preparation for the future. • High standard of training and education in banknote processing. • Occupationally aligned. • Career pathing and progression. • Access to further education and training. Employers will have access to suitably qualified personnel, able to perform their jobs efficiently and skilfully, according to the standard as set-out by the South African Reserve Bank. Both society and the economy will benefit through the creation of career pathways in the sector. Employees will be able to move up the career ladder and create more opportunities for themselves. This will result in a healthy employment cycle providing employment opportunities.

Recognition of Prior Learning (RPL): RPL for Access to the External Integrated Summative Assessment: Accredited providers and approved workplaces must apply the internal assessment criteria specified in the related curriculum document to establish and confirm prior learning. Accredited providers and workplaces must confirm prior learning by issuing a statement of result or certifying a work experience record. RPL for Access to the Qualification: Accredited providers and approved workplaces may recognise prior learning against the relevant access requirements. Entry Requirements: National Qualifications Framework (NQF) Level 4 with Mathematics or Mathematical Literacy.

• Conduct preparer and feeder, operations.
• Conduct reconciler and checker operations.
• Conduct manual processing and shrink-wrapping operations.