This tender has closed on 14 April 2026.
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This tender seeks qualified actuarial firms to conduct a comprehensive valuation of long service awards. The evaluation will assess liabilities and ensure compliance with relevant accounting standards, enhancing financial transparency and governance.
The KZN Growth Fund Trust is inviting proposals from experienced actuarial firms to perform a thorough valuation of long service awards. This valuation is critical for accurately determining the financial liabilities associated with these awards, ensuring that the Trust adheres to applicable accounting standards and regulations. The selected firm will be responsible for analyzing historical data, projecting future liabilities, and providing a detailed report that outlines the findings and recommendations.
The scope of work includes data collection from relevant stakeholders, actuarial modeling, and the preparation of a comprehensive report that will be used for financial planning and reporting purposes. The successful bidder will demonstrate expertise in actuarial science, particularly in the context of employee benefits, and must be able to deliver the final report by the specified deadline. This is an excellent opportunity for firms specializing in actuarial services to contribute to the financial integrity of a significant public entity.
This tender is suitable for actuarial firms with expertise in employee benefits and financial valuations. Businesses with a proven track record in public sector engagements and compliance with South African accounting standards are encouraged to apply.