Panel for Actuarial Services for Land Bank.
Land Bank
In plain English
The Land Bank is seeking up to five service providers per license to provide ad hoc actuarial services for five years. Bidders must notify their intention to tender and provide company details including CSD registration and BBBEE level.
Always check the official documentDescription
The Land Bank is seeking to appoint a panel of up to five service providers to deliver ad hoc actuarial services for a five-year period. The work will be performed for the Land Bank’s insurance entities, LBLIC and LBIC, based in Centurion. Key deliverables include product development, pricing model reviews, market feasibility studies, reinsurance optimization, and IFRS 17 support. The scope also covers technical provisions, capital modeling, and ORSA reporting. Service providers must provide training and skills transfer to internal teams. The project requires a team of qualified actuaries, including Fellows or Associates of the Actuarial Society of South Africa. Pricing will be based on hourly rates for various resource levels, subject to annual budget reviews. The contract aims to ensure robust actuarial oversight and regulatory compliance for the bank's insurance operations.
What you need to qualify
- CSD registration — Registration on the Central Supplier Database — required to do business with government.
- Tax clearance — A valid SARS tax compliance status (PIN) showing your tax affairs are in order.
- Other registration — An industry registration the tender requires (e.g. PSIRA, NHBRC, a professional or trade licence).
Full requirements
- Professional Indemnity insurance of at least R2,000,000.
- Valid registration with the Actuarial Society of South Africa.
- Registered on the National Treasury Central Supplier Database (CSD).
- Valid tax compliance status verified via SARS.
Contact & how to apply
Name: S Mthombeni
Email: tenders@landbank.co.za
Phone: 012-686-0500
How to apply: Interested bidders must first email their company details, contact information, and CSD registration to Tenders@landbank.co.za. Final proposals must be hand-delivered to the Land Bank Head Office, Tender Box, Lakefield Office Park, Block A, 272 West Avenue, Die Hoewes, Centurion.
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