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To build capacity within the public service by introducing fundamental asset management concepts at a level comprehensible  to all public servants who may not yet have been exposed  to  these. In doing so, the course  addresses  a crucial skills gap, identified in the initial research of NSG’s Capacity Development Strategy, relating to a key financial management competency: the ability of public servants to control, utilise, safeguard, and manage the assets of the South African government effectively and efficiently.

Target Group

All  public servants  who are involved directly in strategic planning, budgeting,  or determining  development  and service delivery targets; in other words, by middle and senior managers in all spheres of government. As this course is based to a significant extent  in practice, these officials will be best placed to implement the knowledge and skills that will be transferred during this course.
Therefore, in line with its purpose, the course targets public sector officials responsible for asset management, who will be able to utilise the exposure they will receive to the latest internationally accepted prescripts for this aspect of public finance in the most direct, and therefore  most efficient and effective, manner.

Minimum Requirements for Enrolment

  • Communication at NQF Level 4;
  • Mathematical literacy on NQF Level 4.

Learning Outcomes

A learner credited with this unit standard should be able to:

  • Demonstrate an understanding of the concepts, activities, principles and approaches of asset management
  • Demonstrate an understanding of the key asset management policies, frameworks and prescripts of the South African government
  • Demonstrate  an understanding of the management of the asset life-cycle
  • Account for assets (including classification)
  • Develop and maintain the asset register,  including  additions,  disposals, losses, transfers and valuations
  • Apply depreciation
  • Differentiate between various methods for valuating assets
  • Report on assets
  • Critically  evaluate asset management practices.


The course is  non-credit bearing. After  successful  completion of  the summative assessment, the learner will receive a Certificate of Successful Completion.

Assessment Approach

Participants will write  a  summative   assessment  at the end of the last day. Upon completion of the course, participants will receive a certificate of successful completion.


This course is presented  over 5 working days however  the NSG will customise this course for three days.