# REQUEST FOR PROPOSALS (RFP) FOR THE APPOINTMENT OF A SERVICE PROVIDER FOR THE INVESTMENT OF NATIONAL LOTTERIES COMMISSION (NLC) SURPLUS FOR A PERIOD OF FIVE YEARS.

- **Reference:** NLC2026-009
- **Issuer:** [National Lotteries Commission](https://za.bidwunder.com/tenders/issuer/national-lotteries-commission.md)
- **Region:** National
- **Type:** Request for proposal
- **Published:** 2026-10-15
- **Closing date:** 2026-11-06 13:00 SAST
- **Sectors:** [Finance and insurance](https://za.bidwunder.com/tenders/sector/K.md)

## Summary

#### Overview
**RFP to appoint a service provider to invest the National Lotteries Commission (NLC) surplus for five years.** Open to Financial Services Providers (FSPs) and/or locally registered banks with appropriate licenses (FSCA Category II FSP or Banks Act). Objectives: capital preservation, liquidity, and yield within policy. NLC surplus is circa R5.3 billion; monthly cash need about R250 million. Multiple providers may be appointed; no single counterparty may exceed 25% unless approved.

#### Requirements
- Valid FSCA Category II FSP license or Banks Act license;  
- Insurance: Professional Indemnity, Directors & Officers, Cyber, Fidelity;  
- Compliance: FAIS, Banks Act, POPIA, tax, and other SA laws; CSD registration; disclosure of any regulatory actions; business continuity and cybersecurity frameworks;  
- Investment capabilities: invest in permissible instruments (short-term/ fixed-term deposits, government instruments, money market/ fixed-income funds) with no derivatives or equity exposure; counterparty long-term ratings BBB- (S&P/Fitch) or Baa3 (Moody’s), short-term A-3/F3/P-3; max 25% per institution; funds ring-fenced; regular reporting;  
- Deliverables and governance: documented liquidity plan, risk framework, investment committee structure, and independent risk oversight; provide reference letters and CV of Lead Portfolio Manager; organogram; SBDs and pricing schedules; audited FS and AUM for last three years (asset managers) or total assets (banks); B-BBEE documentation; JV agreement if applicable.

#### How to Apply
- Submission: via the e-tender portal; no email or physical submissions (PDFs with pricing in a separate folder).  
- Deadline: 06 November 2026 at 11:00; proposals valid for 160 days.  
- Documents to submit: Bid proposal, SBD forms, pricing schedule, CSD proof, tax compliance, B-BBEE certificate/affidavit, JV agreements (if any), CV of Lead Portfolio Manager, organogram, Investment Committee and risk oversight descriptions, insurance proofs, Audited FS/AUM, reference letters.  
- Pre-qualifications: CSD registration required; FSCA/Banks Act licenses; POPIA compliance.  
- Briefing: no briefing session (NLC2026-009-ToR for Investment Surplus for NLC.pdf).  
- Documents to obtain: from the e-tender portal and NLC’s site (no links here).

## Description

REQUEST FOR PROPOSALS (RFP) FOR THE APPOINTMENT OF A SERVICE PROVIDER FOR THE INVESTMENT OF NATIONAL LOTTERIES COMMISSION (NLC) SURPLUS FOR A PERIOD OF FIVE YEARS.

REQUEST FOR PROPOSALS (RFP) FOR THE APPOINTMENT OF A SERVICE PROVIDER FOR THE INVESTMENT OF NATIONAL LOTTERIES COMMISSION (NLC) SURPLUS FOR A PERIOD OF FIVE YEARS.

Conditions: No email submission

## Documents

- NLC2026-009-ToR for Investment Surplus for NLC.pdf..pdf
- NLC2026-009-ToR for Investment Surplus for NLC.pdf

Documents download with a free BidWunder account.

## Published on

- [eTenders OCDS API](https://www.etenders.gov.za/Home/opportunities?id=1)
- [eTenders.gov.za](https://www.etenders.gov.za)

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> Source: https://za.bidwunder.com/tenders/request-for-proposals-rfp-for-the-appointment-of-a-service-provider-for-the-inve-e437aa4e