What is Business studies?
The subject Business Studies deals with the knowledge, skills, attitudes and values critical for informed, productive, ethical and responsible participation in the formal and informal economic sectors. The subject encompasses business principles, theory and practice that underpin the development of entrepreneurial initiatives, sustainable enterprises and economic growth.
- FET Business Studies CAPS Document
- Strengthening of CAPS FET 2017
- CAPS Amendment FET (grades 10 and 11) 2019
- CAPS Amendment FET (grade 12) 2019
The table below indicates the four main topics and corresponding topics in the Business Studies Curriculum.
The purpose of Business studies
Business studies will ensure that learners:
- acquire and apply essential business knowledge, skills and principles to productively and profitably conductbusiness in changing business environments;
- create business opportunities, creatively solve problems and take risks, respecting the rights of others and environmental sustainability;
- apply basic leadership and management skills and principles while working with others to accomplish business goals;
- are motivated, self-directed, reflective lifelong learners who responsibly manage themselves and their activitieswhile working towards business goals;
- are committed to developing themselves and others through business opportunities and ventures;
- are able to secure formal employment, and are in a position to pursue sustainable entrepreneurial and self- employment career pathways.
Time allocation for Business studies in the Curriculum
The teaching time for Business Studies is 4 hours per week, per grade (Grade 10, 11 and 12) on the timetable.
Requirements to offer Business studies as a subject
Resources to offer Business Studies as a subject are the responsibility of the school.
Each learner should have:
- a textbook
- other relevant resources.
The teacher should have:
- a variety of textbooks for reference
- a Partnership’s Articles of Association
- Legislation, e.g. Companies Act, 71 of 2008, Employment Equity Act No. 55 of 1998, National Credit Act No. 34 of 2005, Consumer Protection Act No. 68 of 2008, Basic Conditions of Employment Act No. 75 of 1997, Labour Relations Act No. 66 of 1995, Black Economic Empowerment Act No.53 of 2003, Skills Development Act No.97 of 1998, Compensation for Occupational injuries and Diseases Act No. 130 of 1993, hire Purchase Act, Long-term insurance Act No. 52 of 1998, Short-term insurance Act No. 53 of 1998, etc.
- memorandum of incorporation (mOi) – new founding document of a company
- Specimen of contract forms
- Bank brochures
- Business and financial magazines
- Corporate Social Responsibility (CSR) Policy – any company
- The King Code of Governance for South Africa 2009