Seeking a qualified service provider for the establishment and management of a Guarantee Fund over a five-year period. The fund aims to enhance financial security within the private security industry.
The Private Security Industry Regulatory Authority (PSiRA) invites proposals from experienced service providers to establish and manage a Guarantee Fund for a duration of five years. This fund is intended to provide financial security and assurance to stakeholders within the private security sector, ensuring compliance with regulatory requirements and promoting industry stability. The successful bidder will be responsible for the operational management of the fund, including risk assessment, fund allocation, and stakeholder engagement.
Key responsibilities include developing a comprehensive management plan, implementing effective financial controls, and reporting on fund performance. The service provider will also need to engage with various stakeholders to ensure the fund meets its objectives and provides value to its beneficiaries. This tender represents an opportunity for firms with expertise in financial services and fund management to contribute to the enhancement of the private security industry in South Africa, ultimately fostering a safer environment for all.
This tender is suitable for financial service providers, fund management companies, and organizations with experience in regulatory compliance and stakeholder engagement within the private security industry.