Investment management for NLC surplus funds.
SCM
In plain English
The National Lotteries Commission is seeking a service provider for the investment of its surplus funds for five years. Qualified financial services providers and locally registered banks can bid, with requirements including CSD registration and compliance with South African financial regulations.
Always check the official documentDescription
The National Lotteries Commission (NLC) is seeking a service provider to manage its surplus funds for a five-year period. The work involves investing funds in approved instruments while ensuring capital preservation and maintaining liquidity to cover monthly operational costs of approximately R250 million. Key deliverables include executing investment strategies, providing monthly and quarterly performance reports, and offering market research advice. Bidders must demonstrate experience managing portfolios exceeding R1 billion and possess an independent investment committee. The project requires strict adherence to the FAIS Act and the Banks Act to ensure regulatory compliance throughout the investment term.
What you need to qualify
- CSD registration — Registration on the Central Supplier Database — required to do business with government.
- Letter of Good Standing — COID registration and a Letter of Good Standing from the Compensation Fund.
- Other registration — An industry registration the tender requires (e.g. PSIRA, NHBRC, a professional or trade licence).
Full requirements
- Registered on National Treasury Central Supplier Database (CSD)
- Valid Category II FSP license or Banks Act registration
- Valid Fidelity, Professional Indemnity, Cyber, and D&O insurance
- Valid Letter of Good Standing from Compensation Fund (COIDA)
- Documented Business Continuity Plan and Cybersecurity Framework
- Minimum international-scale long-term and short-term credit ratings
Contact & how to apply
Name: SCM
Email: lucky@nlcsa.org.za
Phone: 012-432-1309
How to apply: Proposals must be uploaded to the e-tender portal at https://www.etenders.gov.za/. Submissions must be in PDF format, with financial and technical information separated into distinct folders, and clearly marked with the tender number and bidder name.
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