US NOMMER US NUMBER
- 50
Slegs nie-programmeerbare sakrekenaars mag gebruik word
Only non-programmable calculators may be used
ONDERNEMINGSBESTUUR 48550 BUSINESS MANAGEMENT 48550
ONDERNEMINGSBESTUUR 142 BUSINESS MANAGEMENT 142
HOOF ASSESSERINGSGELEENTHEID 1 Oktober / October 2018 MAIN ASSESSMENT OPPORTUNITY
(A1) (A1)
TYD: 90 min TIME:
DOSENTE: Me / Ms A de Vries LECTURERS:
Mnr / Mr D Smit
Dr N Mans-Kemp
Mev / Mrs A Berning
Me / Ms R Solomons
Mev / Mrs L Goosen
Mnr / Mr S Mccallum
INTERNE MODERATOR: Prof E Theron INTERNAL MODERATOR:
INSTRUKSIES INSTRUCTIONS
Maak seker u sit in die regte lokaal volgens u Ensure that you are in the correct room according to the
van-indeling. Indien nie, gaan na die regte lokaal. 1 subdivision of surnames. If not, go to the correct room.
U mag geen bladsye van hierdie assessering No pages of this assessment paper may be
2
losmaak nie. Handig die volledige vraestel in. removed. Return the complete test paper.
Beantwoord alle vrae in die ruimtes wat voorsien is in Answer all questions in the spaces provided in
pen (blou of swart) en skryf netjies. Indien u die vraestel pen (blue or black) and write neatly. If this paper
in potlood beantwoord, verbeur u die reg tot appèl. 3 is answered in pencil, you forfeit your right to
Waar nodig, rond finale antwoorde tot 2 desimale. appeal. Where necessary, round final answers to 2
Dui alle antwoorde se eenhede duidelik aan. decimals. Clearly indicate all answers’ units.
Hierdie toets vorm ʼn integrale deel van die US se This test represents an integral part of the US
assesseringstelsel. Geen boek of geskrif van enige assessment system. No book or writing of any
aard mag in u besit wees nie. Enige oneerlike gedrag 4 kind may be in your possession. Any dishonesty
sal tot gevolg hê dat tugstappe ooreenkomstig will lead to disciplinary action in accordance
die Studente-reglement ingestel kan word. with the Student Regulations.
U mag eers na 45 minute die toetslokaal verlaat. 5 You may only leave the test venue after 45 minutes.
1
,VRAAG 1 (6 PUNTE / 6 MARKS) QUESTION 1
Voltooi die volgende sinne. Verskaf jou Complete the following sentences.
antwoorde in die spasies wat voorsien is op Provide your answers in the spaces
bladsy 3: provided on page 3.
Die JSE het ‘n ryk geskiedenis met noemenswaardige veranderinge wat plaasgevind het sedert die
totstandkoming daarvan in 1887. Gedurende die periode 1995 tot 1996 is die JSE op groot skaal
herstruktureer en ‘n paar veranderinge het hieruit voortgespruit. Die JSE het omgeskakel vanaf ‘n
____1.1_____ tot rekenaargedrewe verhandeling en die handelingsbevoegdheid van makelaars is uitgebrei.
Sedert die herstrukturering word makelaars toegelaat om in ‘n tweeledige handelskapasiteit handel te dryf.
‘n Makelaar (lid van die JSE) kan optree as ‘n agent vir die kliënt of as ‘n ____1.2_____.
Nog ‘n noemenswaardige verandering in die geskiedenis van die JSE het plaasgevind op 1 Julie 2005. Deur die
proses van ____1.3_____ is die JSE omskep en geïnkorporeer in ‘n publieke maatskappy met beperkte
aanspreeklikheid. Vanaf 5 Junie 2006, is die JSE Bpk. genoteer op die hoofbord en verhandel die aandele van
JSE Bpk. op die JSE.
Die mees onlangse verandering het plaasgevind op 11 Julie 2016 toe die vereffeningsiklus verkort is vanaf ‘n
__1.4__-besigheidsdag na ‘n drie-besigheidsdag vereffeningsiklus. Hierdie verandering het die Suid-
Afrikaanse aandelemark in lyn gebring met internasionale vereffeningstandaarde.
Vir meer as ‘n halwe eeu is die Suid-Afrikaanse mark gemonopoliseer deur ‘n enkele aandelebeurs, naamlik
die JSE. Op 31 Augustus 2016, het die Raad op Finansiële Dienste (FSB)‘n einde gebring aan ‘n era waar die
JSE die enigste beskikbare beurs was. Die FSB het lisensies toegeken aan ZAR X en aan ____1.5_____ ten
einde te kan opereer as aandelebeurse in Suid-Afrika. Die huidige voorsitter van die JSE, ____1.6_____, het
die volgende te sê gehad oor die JSE se nuwe kompetisie: “The JSE has a long track record of competing with
exchanges across the globe and looks forward to competition in SA” (BusinessDay, 2016).
________________________________________________________________________________________
The JSE has a rich history with significant changes that have taken place since its establishment in 1887. During
the period 1995 to 1996, the JSE was restructured on a large scale which resulted in a few changes. The JSE
converted from an ____1.1_____ to the electronic trading of shares and the trading capacity of brokers was
extended. Since the restructuring, brokers are allowed to trade in a dual capacity. A broker (member of the
JSE) can act as an agent for the client or as a ____1.2_____.
Another significant change in the history of the JSE took place on 1 July 2005. Through a process of
____1.3_____ the JSE was converted and incorporated into a public company with limited liability. Since 5
June 2006, the JSE Ltd is listed on the main board and their shares are traded on the JSE.
The most recent change took place on 11 July 2016, when the settlement cycle was shortened from a __1.4__
business day to a three business day settlement cycle. This change aligned the South African equity market
with international settlement standards.
For more than half a century the South African market was monopolised by a single stock exchange, namely
the JSE. On 31 August 2016, the Financial Services Board (FSB) granted ZAR X and ____1.5_____ with licenses
to operate as stock exchanges in South Africa. The current chairman of the JSE, ____1.6_____, had the
following to say about the JSE’s new competition: “The JSE has a long track record of competing with
exchanges across the globe and looks forward to competition in SA” (BusinessDay, 2016).
2
, ANTWOORDE / ANSWERS
1.1
1.2
1.3
1.4
1.5
1.6
(6 punte / 6 marks)
3
- 50
Slegs nie-programmeerbare sakrekenaars mag gebruik word
Only non-programmable calculators may be used
ONDERNEMINGSBESTUUR 48550 BUSINESS MANAGEMENT 48550
ONDERNEMINGSBESTUUR 142 BUSINESS MANAGEMENT 142
HOOF ASSESSERINGSGELEENTHEID 1 Oktober / October 2018 MAIN ASSESSMENT OPPORTUNITY
(A1) (A1)
TYD: 90 min TIME:
DOSENTE: Me / Ms A de Vries LECTURERS:
Mnr / Mr D Smit
Dr N Mans-Kemp
Mev / Mrs A Berning
Me / Ms R Solomons
Mev / Mrs L Goosen
Mnr / Mr S Mccallum
INTERNE MODERATOR: Prof E Theron INTERNAL MODERATOR:
INSTRUKSIES INSTRUCTIONS
Maak seker u sit in die regte lokaal volgens u Ensure that you are in the correct room according to the
van-indeling. Indien nie, gaan na die regte lokaal. 1 subdivision of surnames. If not, go to the correct room.
U mag geen bladsye van hierdie assessering No pages of this assessment paper may be
2
losmaak nie. Handig die volledige vraestel in. removed. Return the complete test paper.
Beantwoord alle vrae in die ruimtes wat voorsien is in Answer all questions in the spaces provided in
pen (blou of swart) en skryf netjies. Indien u die vraestel pen (blue or black) and write neatly. If this paper
in potlood beantwoord, verbeur u die reg tot appèl. 3 is answered in pencil, you forfeit your right to
Waar nodig, rond finale antwoorde tot 2 desimale. appeal. Where necessary, round final answers to 2
Dui alle antwoorde se eenhede duidelik aan. decimals. Clearly indicate all answers’ units.
Hierdie toets vorm ʼn integrale deel van die US se This test represents an integral part of the US
assesseringstelsel. Geen boek of geskrif van enige assessment system. No book or writing of any
aard mag in u besit wees nie. Enige oneerlike gedrag 4 kind may be in your possession. Any dishonesty
sal tot gevolg hê dat tugstappe ooreenkomstig will lead to disciplinary action in accordance
die Studente-reglement ingestel kan word. with the Student Regulations.
U mag eers na 45 minute die toetslokaal verlaat. 5 You may only leave the test venue after 45 minutes.
1
,VRAAG 1 (6 PUNTE / 6 MARKS) QUESTION 1
Voltooi die volgende sinne. Verskaf jou Complete the following sentences.
antwoorde in die spasies wat voorsien is op Provide your answers in the spaces
bladsy 3: provided on page 3.
Die JSE het ‘n ryk geskiedenis met noemenswaardige veranderinge wat plaasgevind het sedert die
totstandkoming daarvan in 1887. Gedurende die periode 1995 tot 1996 is die JSE op groot skaal
herstruktureer en ‘n paar veranderinge het hieruit voortgespruit. Die JSE het omgeskakel vanaf ‘n
____1.1_____ tot rekenaargedrewe verhandeling en die handelingsbevoegdheid van makelaars is uitgebrei.
Sedert die herstrukturering word makelaars toegelaat om in ‘n tweeledige handelskapasiteit handel te dryf.
‘n Makelaar (lid van die JSE) kan optree as ‘n agent vir die kliënt of as ‘n ____1.2_____.
Nog ‘n noemenswaardige verandering in die geskiedenis van die JSE het plaasgevind op 1 Julie 2005. Deur die
proses van ____1.3_____ is die JSE omskep en geïnkorporeer in ‘n publieke maatskappy met beperkte
aanspreeklikheid. Vanaf 5 Junie 2006, is die JSE Bpk. genoteer op die hoofbord en verhandel die aandele van
JSE Bpk. op die JSE.
Die mees onlangse verandering het plaasgevind op 11 Julie 2016 toe die vereffeningsiklus verkort is vanaf ‘n
__1.4__-besigheidsdag na ‘n drie-besigheidsdag vereffeningsiklus. Hierdie verandering het die Suid-
Afrikaanse aandelemark in lyn gebring met internasionale vereffeningstandaarde.
Vir meer as ‘n halwe eeu is die Suid-Afrikaanse mark gemonopoliseer deur ‘n enkele aandelebeurs, naamlik
die JSE. Op 31 Augustus 2016, het die Raad op Finansiële Dienste (FSB)‘n einde gebring aan ‘n era waar die
JSE die enigste beskikbare beurs was. Die FSB het lisensies toegeken aan ZAR X en aan ____1.5_____ ten
einde te kan opereer as aandelebeurse in Suid-Afrika. Die huidige voorsitter van die JSE, ____1.6_____, het
die volgende te sê gehad oor die JSE se nuwe kompetisie: “The JSE has a long track record of competing with
exchanges across the globe and looks forward to competition in SA” (BusinessDay, 2016).
________________________________________________________________________________________
The JSE has a rich history with significant changes that have taken place since its establishment in 1887. During
the period 1995 to 1996, the JSE was restructured on a large scale which resulted in a few changes. The JSE
converted from an ____1.1_____ to the electronic trading of shares and the trading capacity of brokers was
extended. Since the restructuring, brokers are allowed to trade in a dual capacity. A broker (member of the
JSE) can act as an agent for the client or as a ____1.2_____.
Another significant change in the history of the JSE took place on 1 July 2005. Through a process of
____1.3_____ the JSE was converted and incorporated into a public company with limited liability. Since 5
June 2006, the JSE Ltd is listed on the main board and their shares are traded on the JSE.
The most recent change took place on 11 July 2016, when the settlement cycle was shortened from a __1.4__
business day to a three business day settlement cycle. This change aligned the South African equity market
with international settlement standards.
For more than half a century the South African market was monopolised by a single stock exchange, namely
the JSE. On 31 August 2016, the Financial Services Board (FSB) granted ZAR X and ____1.5_____ with licenses
to operate as stock exchanges in South Africa. The current chairman of the JSE, ____1.6_____, had the
following to say about the JSE’s new competition: “The JSE has a long track record of competing with
exchanges across the globe and looks forward to competition in SA” (BusinessDay, 2016).
2
, ANTWOORDE / ANSWERS
1.1
1.2
1.3
1.4
1.5
1.6
(6 punte / 6 marks)
3
