The appointment of a panel of up to five (5) service providers per licence to provide land bank with ad hoc actuarial services for a period of five (5) years

Overview

The appointment of a panel of up to five (5) service providers per licence to provide land bank with ad hoc actuarial services for a period of five (5) years. The panel will support LBLIC (credit life) and LBIC (agricultural insurance) on an ad hoc basis, with separate submissions for each entity as needed; bidders should have actuarial credentials and relevant experience with insurance/financial reporting standards (IFRS17, FSIs) and be able to collaborate with Land Bank’s actuarial team.

Requirements

• Suitable actuarial qualifications and experience in life/credit life and agricultural insurance.
• Ability to provide ad hoc actuarial support as specified (product development, pricing, investigations).
• Compliance with Prudential Standards and ASSA APNs; familiarity with IFRS17.
• Demonstrated capacity to work with Land Bank’s Investment and Actuarial Committee and internal controls.
• Tax and compliance prerequisites: SARS PIN, Tax Compliance Status (TCS) where applicable; CSD registration; no disqualifying ties to state service.

How to Apply

• Expression of Interest: notify Land Bank via tenders@landbank.co.za with: name, contacts, phone, CSD reg., BBBEE level, email (see T13-10-26).
• Briefing: Non-compulsory briefing on 20 October 2026 at 13:00 via Teams (link in tender).
• Questions: written clarifications by 23 October 2026 16:00; responses by 27 October 2026 16:00 (see T13-10-26).
• Documents to submit: on official forms; 1 original + 1 USB copy; include SBD 1, SBD 6.1, SBD 7, FICA, BEE, and the draft SLA (Annexures A–H; Annex G).
• Submission: hand-delivered to Land Bank Head Office Tender Box, Lakefield Office Park, 272 West Avenue, Die Hoewes, Centurion; closing 5 November 2026 at 11:00. Tender validity is 120 days.
• Obtain bid documents: from Land Bank site and ETenders (see T13-10-26; Annexures).
• Special notes: ensure tax compliance; if part of a consortium, provide separate TCS/CSD for each party; no bids from in-state service personnel.

Notes: Key items and deadlines are drawn from T13-10-26 tender materials; the attached SLA outlines service expectations (Annexure G).