The National Lotteries Commission seeks proposals for managing its surplus funds over five years, focusing on capital preservation, liquidity, and yield enhancement. Qualified financial service providers are invited to submit their investment strategies.
The National Lotteries Commission (NLC) is inviting proposals for the investment of its surplus funds, estimated at approximately R5.3 billion, for a period of five years. The primary objectives of this investment are to ensure capital preservation, maintain liquidity for operational needs, and enhance yield within the framework of prudent risk management. Interested financial service providers must demonstrate their capability to manage investments in compliance with the NLC Investment Policy and relevant Treasury Regulations. Proposals should include detailed investment strategies, liquidity management plans, and compliance with regulatory requirements.
The appointed service provider(s) will be responsible for placing and managing surplus funds in approved investment instruments, ensuring that the principal amount is protected at all times. Providers must also submit regular performance reports and maintain compliance with the Financial Sector Conduct Authority (FSCA) regulations. The NLC reserves the right to appoint multiple service providers and will prioritize capital preservation and liquidity over yield. This tender presents an opportunity for experienced financial institutions to contribute to the social upliftment initiatives supported by the NLC.
This tender is suitable for qualified financial service providers, asset managers, and banks with experience in managing large investment portfolios, particularly those focused on capital preservation and liquidity management.
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