The City of Tshwane seeks qualified actuarial service providers to perform valuations of employee benefits according to IAS 19 and GRAP 25 for the 2025/26 financial year. Bidders must comply with specific qualifications and submit their proposals online by April 21, 2026.
The City of Tshwane is inviting bids for actuarial services to conduct valuations of employee benefits in compliance with International Accounting Standards 19 (IAS 19) and Generally Recognised Accounting Practice 25 (GRAP 25) for the financial year 2025/26. This includes evaluating gratuities, defined benefit pension plans, long service awards, and continued medical aid subsidies for municipal employees. The successful bidder will be responsible for ensuring accurate financial reporting and compliance with applicable standards, thereby supporting the municipality's financial integrity and transparency.
Bidders must demonstrate their expertise in actuarial science, including relevant qualifications from the Actuarial Society of South Africa (ASSA) and experience in managing similar projects. The scope of work encompasses the valuation of various employee benefits, with specific deliverables outlined for each category. The tender emphasizes the importance of adhering to strict submission guidelines and deadlines, with a closing date set for April 21, 2026. This opportunity is ideal for actuarial firms with proven experience in public sector employee benefits valuation and a commitment to delivering high-quality services.
This tender is suitable for actuarial firms and consultants with expertise in employee benefits valuation, particularly those familiar with public sector requirements and international accounting standards. Businesses with a strong track record in actuarial science and compliance with financial regulations are encouraged to apply.