Treasury advisory services for ntcsa separation: funding, lender engagement & credit impact assessment

Eskom Treasury contacts for queries (email only): Hitsakile Ndlhovu ([email protected]), Francois Venter ([email protected]). Submission portal: https://etendering.eskom.co.za/. General Treasury contact: +27 11 800 4647, Megawatt Park, Maxwell Drive, PO Box 1091, Johannesburg, 2000.

Submit electronically via Eskom’s e-tendering portal: https://etendering.eskom.co.za/ by 19 June 2026 at 12h00. Late submissions will not be accepted. Title your submission: "TREASURY RFP – ADVISORY SERVICES FOR FUNDING, LENDER ENGAGEMENT AND CREDIT IMPACT ASSESSMENT IN RELATION TO THE NTCSA TRANSACTION". Mandatory returnables: (1) one soft copy of the original response (max 30 pages, Arial 11), (2) signed integrity declaration form (Annexure B), (3) company profile and relevant experience, (4) company registration documents, (5) credit rating documentation, (6) contactable references, (7) proof of registration with a recognised professional body, (8) original/certified B-BBEE verification certificate, (9) original/certified tax clearance certificate, (10) audited financial statements (last 18 months or last year if unavailable), (11) CSD number, (12) pricing inclusive of VAT. Failure to submit the original response, copies, or integrity declaration form will disqualify your bid. B-BBEE certificate omission will not disqualify but will impact scoring. Suppliers are responsible for ensuring timely submission.

Evaluation occurs in two stages: (1) Technical evaluation (100 points, minimum threshold: 70%). Criteria: Funding Structure (30%: debt mechanics, refinancing, liquidity), Lender/Investor Engagement (20%: stakeholder identification, loan structures, consent processes), Credit Rating Impact (20%: approach, ratings agency experience), Team Experience (15%: years in large-scale financing), Relevant Transaction Experience (15%: past 5 years). (2) Preferential procurement (80/20 principle): Price (80 points), B-BBEE status level (20 points) per PPPFA. Only technically qualifying tenderers proceed to stage 2. General rules: Open to recognised financial advisory firms with relevant experience. Tenderers must not be on international sanctions lists or have the nationality of a sanctioned country. Conflict of interest (actual or perceived) with Eskom or other bidders requires mandatory disclosure (Annexure B) and may lead to disqualification. B-BBEE verification certificate is required for scoring but non-submission does not disqualify.

Scope: Advisory services for Eskom Treasury on the NTCSA separation’s impact on funding structure, debt profile, and lender arrangements. Services required: (A) Funding Strategy: Analyse debt structure impact, future funding needs, debt capacity (group and NTCSA level), refinancing, and liquidity. Perform valuation (DCF, sensitivities) for enterprise value, debt capacity, and affordability. Propose funding options (debt, guarantees, alternative structures). (B) Lender/Investor Engagement: Identify impacted lenders/investors (with Eskom legal advisors), analyse consent requirements/structural risks, develop engagement/consent strategies, prepare financial/communication materials. (C) Credit Rating Impact: Assess transaction impact on Eskom/NTCSA credit profiles, develop sensitivity analysis (leverage, cash flow coverage, structural impacts), support rating agency engagement, mitigate adverse rating outcomes. Eligibility: Recognised financial advisory firms with proven experience in funding advisory, lender engagement, credit analysis, and valuation for complex capital structure/financing transactions in the past 5 years. Ineligible: Firms with nationality of sanctioned countries or unresolved conflicts of interest (must disclose via Annexure B).

Pricing must be inclusive of VAT. Tenderer bears all tendering costs. No payment terms, bonds, or guarantees specified in the document.

Mandatory documents: CSD number, tax clearance certificate (original/certified copy), B-BBEE verification certificate (original/certified copy; omission impacts scoring but not disqualification), audited financial statements (last 18 months or last year if unavailable), company registration documents, proof of registration with a recognised professional body, signed integrity declaration (Annexure B). Minimum technical score: 70% to proceed. PPPFA 2011 applies for preference points (B-BBEE: 20 points). Conflict of interest disclosure required (Annexure B).