# APPOINTMENT OF SERVICE PROVIDER FOR THE PROVISION OF FOREIGN CURRENCY SERVICE FOR THE IDC

> This tender closed on 2026-08-05.

- **Reference:** T43-07-26
- **Issuer:** [Industrial Development Corporation of South Africa Limited](https://za.bidwunder.com/tenders/issuer/industrial-development-corporation-of-south-africa-limited.md)
- **Region:** National
- **Type:** Request for proposal
- **Published:** 2026-07-21
- **Closing date:** 2026-08-05 13:00 SAST
- **Sectors:** [Professional, scientific, technical](https://za.bidwunder.com/tenders/sector/M.md)

## Summary

#### Overview
**Procurement of a service provider to supply foreign currency services to the IDC, including forex trading, multi-currency cards, and related corporate travel support.** Bidders should be entities with SARB-authorised foreign exchange dealer status, proven corporate forex experience, and capabilities in governance (POPIA), tax compliance, and B-BBEE, for a 3-year engagement supporting IDC Corporate Travel.

#### Requirements
- SARB authorisation as a Dealer in Foreign Exchange (AD/ADLA) with documentary proof.
- Minimum three references for foreign currency services in the last five years.
- Clear methodology for buying/selling forex, multi-currency cards, order processing, delivery/collection, and control measures.
- Demonstrated geographic branch coverage including IDC office delivery and major airports (hours and locations required).
- Dedicated account manager with CV and monthly consolidated reports.
- Provision of sample reports (e.g., most bought/sold currencies, card activity, quarterly spend).
- Tax compliance status (SARS PIN/TCS) and CSD number as applicable.
- B-BBEE: valid certificate or sworn affidavit (EME/QSE options) and a B-BBEE Commitment Plan.
- POPIA compliance and privacy disclosures.
- Ability to enter into and maintain an SLA; defined service levels.
- Pricing must be for the full 3-year term; include a clear costing model and volumes for evaluation (25 multi-currency cards/month; 50 transactions/month; R500k/month).

#### How to Apply
- Key dates: enquiries by 27 July 2026; closing date 5 August 2026 at 11:00; bid responses valid for 120 days.
- Submission method: electronic submission via IDC’s dedicated tender inbox / SharePoint link provided in the RFP (no late submissions; use accepted formats).
- Documents to submit (Returnable Schedules): Cover Page; Schedule 1 (Executive Summary); Schedule 2 (Board resolution, IDs, Annexures 2–8); Schedule 3 (Response to Section 2, Annexure 1); Schedule 4 (Price Proposal). Include Annexures 1–8 as specified.
- Pre-qualifications: Central Supplier Database (CSD) registration; tax compliance (SARS PIN/TCS); B-BBEE documentation; POPIA compliance where applicable.
- Briefing: not explicitly stated in the text; venue in metadata listed as 19 Fredman Drive, Sandown (if a briefing is offered, details will be issued by IDC).
- Where to obtain bid documents: full RFP and annexures are in the attached document (T43-07-26 RFP PROVISION OF FOREIGN CURRENCY SERVICES.pdf); additional information may be posted on IDC’s tenders portal.

## Description

APPOINTMENT OF SERVICE PROVIDER FOR THE PROVISION OF FOREIGN CURRENCY SERVICE FOR THE IDC

APPOINTMENT OF SERVICE PROVIDER FOR THE PROVISION OF FOREIGN CURRENCY SERVICE FOR THE IDC

Conditions: N/A

## Documents

- T43-07-26 RFP PROVISION OF FOREIGN CURRENCY SERVICES.pdf..pdf

Documents download with a free BidWunder account.

## Published on

- [eTenders.gov.za](https://www.etenders.gov.za)

More open tenders: https://za.bidwunder.com/tenders.md

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> Source: https://za.bidwunder.com/tenders/appointment-of-service-provider-for-the-provision-of-foreign-currency-service-fo-861a864e