The City of Tshwane seeks actuarial services for the valuation of employee benefits in compliance with IAS 19 and GRAP 25 for the financial years 2026/27 to 2028/29. This tender is ideal for firms with expertise in actuarial science and public sector accounting.
The City of Tshwane invites qualified actuarial firms to submit proposals for the provision of actuarial valuation services. The selected service provider will be responsible for conducting comprehensive valuations of employee benefits in accordance with International Accounting Standards 19 (IAS 19) and Generally Recognised Accounting Practice 25 (GRAP 25) over a three-year period, covering the financial years 2026/27, 2027/28, and 2028/29. This includes assessing the present value of future employee benefits and ensuring compliance with relevant accounting standards.
The scope of work includes detailed analysis and reporting on various employee benefit schemes, including pensions, medical aid, and other post-employment benefits. The appointed actuary will be expected to provide insights that support the City’s financial reporting and strategic planning, ensuring that all valuations are accurate, timely, and compliant with applicable regulations. This tender presents an opportunity for actuarial firms to engage with a major public sector entity and contribute to the financial health and transparency of the City of Tshwane's employee benefits framework.
This tender is suitable for actuarial firms with experience in employee benefit valuations, particularly those familiar with IAS 19 and GRAP 25. Businesses that specialize in public sector consulting and have a proven track record in delivering actuarial services will find this opportunity particularly relevant.
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