Broad-Based Black Economic Empowerment Act (B-BBEE Act)
Act 53 of 2003
Provides the empowerment-compliance context often used in public-sector supplier evaluation.
Relevant because this is a South African public-sector procurement opportunity.
Issuing Organization
South African Nuclear Energy Corporation LimitedLocation
North West
Closed On
04 Mar 2026
Status: Closed — No Longer Accepting Submissions
This tender closed on 4 March 2026. Submissions are no longer accepted. The tender lifecycle continues — check the awards section for updates.
Tender Type
Request for Bid(Open-Tender)
Delivery Location
R104 Elias Motsoaledi Street (Church Street West Ext) - Pelindaba - Madibeng Municipality - 0240
Organization Type
GOVERNMENT
Published
02 Feb 2026
OCDS Reference
ocds-9t57fa-146220
The south african nuclear energy corporation (necsa) seeks to appoint a short-term insurance broker to competitively place insurance and provide risk management services for its group of companies over a 3-year period. The tender targets suppliers with nuclear industry risk expertise and in-house claims handling capabilities.
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The information shown on this card is preliminary. Our procurement team is currently finalising the submission guidelines, evaluation criteria, technical specifications, financial requirements, and compliance sections so you have a clean, bid-ready summary to work from. Document being finalised: 1.1 Specification for Risk Management and Short term Insurance Broking Services Jan 2026.pdf. You don’t need to refresh — this page will pick up the updated review automatically.
Categories
Request for Bid(Open-Tender)
R104 Elias Motsoaledi Street (Church Street West Ext) - Pelindaba - Madibeng Municipality - 0240
Tenders in this industry often require registration with these bodies.
Recommended Certifications
Having these can improve your winning chances: SAICA Membership, IRBA Registration, FSP License, CFP (Certified Financial Planner)
These references help suppliers understand the public-procurement framework around this opportunity. They are generated from the tender category, issuing organisation type and procurement context.
These rules commonly apply to South African public-sector procurement.
Act 53 of 2003
Provides the empowerment-compliance context often used in public-sector supplier evaluation.
Relevant because this is a South African public-sector procurement opportunity.
Act 108 of 1996 (s217)
This is general procurement context, not legal advice. Always verify requirements in the official tender documents and issuing authority notices.
1.Main.docx
1.1 Specification for Risk Management and Short term Insurance Broking Services Jan 2026.pdf
To download these documents and access AI-powered analysis, visit the main tender page.
Date & Time
Wednesday, 04 March 2026 - 11:00
Venue
Necsa Site
This briefing session took place during the tender period.
The selected broker should provide risk management and short term insurance broking services
Category: technical
that follow good business practices; meet accepted industry standards and practices, comply
Category: technical
with the standards established by industry regulatory bodies, professional association and
Category: technical
conform to international, national laws and regulations to the Necsa Group of Companies.
Category: technical
(Foreign companies only assets are insured). Familiarity with regards to risks within the Nuclear
Category: technical
Energy Industry is also required.
MandatoryCategory: technical
a) Current Insurance Portfolio
Category: technical
To provide you with an indication of the current insurance portfolio please find Annexure A
Category: technical
attached. This information is only provided if it may deem necessary to assist in determining
Category: technical
the Broker’s fee.
Category: technical
Directors Mr D R Nicholls (Chairperson), Dr V L Mthethwa (Deputy Chairperson), Mr L Tyabashe*, Ms S B Dlungwane, 2000/003735/06
Category: technical
Mr E L Julies, Mr I M F Lambat, Dr P E Molokwane, Dr F P Wolvaardt, Dr K P Xivuri
Category: technical
*Group Chief Executive Officer
Category: technical
Company Ms R F Nyembe
Category: technical
Secretary
Category: technical
Necsa – The South African Nuclear Energy Corporation SOC Ltd
Category: technical
PO Box 582, Pretoria 0001, South Africa, Tel: +27 (0)12 305 4222, www.necsa.co.za
Category: technical
CONFIDENTIAL
Category: technical
b) Brokers Fee
Category: technical
Risk Management and Short Term Insurance Broking Services companies must specify in full,
MandatoryCategory: technical
and disclose clearly all broker’s fees, commission or any other remuneration, in cash or in
Category: technical
“natura”, which they will charge or receive per annum in respect of their appointment were they
Category: technical
to be appointed as envisage in the bid. The broker’s fee for servicing Necsa’s portfolio must
MandatoryCategory: technical
be shown clearly. No hidden costs will be accepted.
Category: technical
The broker’s fee must be VAT inclusive and the fee will be a fixed amount for a period of one
MandatoryCategory: technical
year, after which period it will be adjusted according to the specific formula in the bid
Category: technical
documents. Adjustments of the broker’s fee will be done in the month of April of each year.
Category: technical
c) Membership
Category: technical
Risk Management and Short Term Insurance Broking Services companies must be a member
MandatoryCategory: technical
of the Financial Services Conduct Authority (FSCA) and the South African Financial
Category: technical
Intermediaries Association (SAFSIA) or any similar association.
Category: technical
Please submit proof of membership
Category: technical
d) Guarantees
Category: technical
Risk Management and Short Term Insurance Broking Services companies must have a
MandatoryCategory: technical
minimum cover of;
Category: technical
Professional Indemnity R150,000,000.00
Category: technical
Fidelity Guarantee R150,000,000.00
Category: technical
Please submit proof of cover and indicate excess applicable.
Category: technical
e) Appointment of Investigators, Loss Adjusters and Assessors
Category: technical
Risk Management and Short Term Insurance Broking Services companies must:
MandatoryCategory: technical
Have a mandate to appoint assessors immediately.
Category: technical
Ensure that all investigators, loss adjusters and assessors acting on their and the insurers
Category: technical
behalf are appropriately qualified in the field they are investigating and act in a professional
Category: technical
manner.
Category: technical
Ensure that the loss adjusters, assessors and investigators do not intimidate or threaten
Category: technical
Necsa and its employees for information.
Category: technical
of 6
Category: technical
CONFIDENTIAL
Category: technical
There must be no commission or other incentives paid to investigators, loss adjusters and
MandatoryCategory: technical
assessors, except for set fees charged.
Category: technical
Please submit proof of mandate.
Category: technical
f) Service Team
Category: technical
Risk Management and Short Term Insurance Broking Services companies must provide the
MandatoryCategory: technical
Curriculum Vitae’s of the proposed service team who will be responsible for servicing Necsa
Category: technical
including their qualifications and experience in risk management and insurance.
Category: technical
Please submit all CV’s
Category: technical
g) Interest in Insurer and/or other Risk Management providers
Category: technical
Risk Management and Short Term Insurance Broking Services companies must declare any
MandatoryCategory: technical
interest which they have in Insurers or other Risk Management providers and Reinsurance
Category: technical
Brokers to the extent that such interests may result in bias in the advice and operations of the
Category: technical
bidder if appointed.
Category: technical
Please provide document.
Category: technical
h) Previous business association
Category: technical
Risk Management and Short Term Insurance Broking Services companies must declare any
MandatoryCategory: technical
previous business association with Necsa.
Category: technical
i) Claims Handling
Category: technical
Risk Management and Short Term Insurance Broking Services companies must;
MandatoryCategory: technical
Advise and assist Necsa on how to lodge claims.
Category: technical
Make claim forms and other documentation pertaining to the claims readily available to
Category: technical
Necsa.
Category: technical
Keep Necsa updated on the progress of claims.
Category: technical
Assist with settling claims fairly without unnecessary delay.
Category: technical
Where a claim is rejected, advise Necsa of the decision and the reason for rejection in
Category: technical
writing.
Category: technical
of 6
Category: technical
CONFIDENTIAL
Category: technical
Advise Necsa of the action that can be taken if a dispute arises on a claim, and time limits
Category: technical
in which this action must be taken if Nesca is not satisfied with the decision of the insurer.
MandatoryCategory: technical
Claims handling should be done in house at the Risk Management and Short Term Insurance
Category: technical
Broking Services companies and not outsourced.
Category: technical
j) Confidential
Category: technical
All information provided to Risk Management and Short Term Insurance Broking Services
Category: technical
companies by Necsa must be regarded as strictly confidential.
MandatoryCategory: technical
k) Preparing and Handling of Bids
Category: technical
Necsa will not be held responsible for any expenditure incurred by Risk Management and
Category: technical
Short Term Insurance Broking companies in the preparation and handling of the bids and bid
Category: technical
documents.
Category: technical
l) Office Visits
Category: technical
Necsa might request a visit to the Risk Management and Short Term Insurance Broking
Category: technical
Service Company’s offices.
Category: technical
m) Presentation / Training
Category: technical
The appointed Risk Management and Short Term Insurance Broking Service Companies will
Category: technical
be required to present the Short term Insurance Programme to the management of Necsa.
MandatoryCategory: technical
The appointed Risk Management and Short Term Insurance Broking Service Company will be
Category: technical
required to provide training to employees directly and indirectly involved with the insurance
MandatoryCategory: technical
portfolio and claims.
Category: technical
n) Contract Award
Category: technical
Necsa will not necessarily accept the lowest or any tender, and it reserves the right to accept
Category: technical
a tender as a whole or in part.
Category: technical
of 6
Category: technical
CONFIDENTIAL
Category: technical
o) Deliverables
Category: technical
The deliverables of the insurance broker are:
Category: technical
a. Sourcing competitive quotes;
Category: technical
b. Claim administration and maintenance;
Category: technical
c. Ad hoc adjustments and endorsements on sums insured and declarations to insurers / re-
Category: technical
insurers;
Category: technical
d. Day to day correspondence and queries;
Category: technical
e. Monitor premium payments and refunds in accordance with accounts and statements;
Category: technical
f. Preparing reports as required by NECSA
MandatoryCategory: technical
We look forward to your Tender and thank you in advance for participating in this important project.
Category: technical
Yours sincerely
Category: technical
____________________________
Category: technical
Husain Osman
Category: technical
Senior Manager: Group Treasury
Category: technical
of 6
Category: technical
CONFIDENTIAL
Category: technical
Annexure A
Category: technical
RENEWAL 2026 / 2027
Category: technical
Policy Renewal date Total Sums Insured / Excess (each and
Category: technical
Limits of Liability every)
Category: technical
Assets -Risks & Business R 4 500 000 000.00 Various
Category: technical
Interruption (Non –
Category: technical
Nuclear)
Category: technical
Non-Nuclear Liability 01-Apr-26 R 250 000 000.00 Various
Category: technical
Assets All Risks & 01-Apr-26 R 505 275 000.00 Various
Category: technical
Business Interruption
Category: technical
(Nuclear)
Category: technical
Nuclear Liability 01-Apr-26 R 1 030 000 000.00 Various
Category: technical
Motor - NECSA 01-Apr-26 R 24 000 000.00 Various
Category: technical
Motor - Subsidiaries 01-Apr-26 R 11 000 000.00 Various
Category: technical
Spillage & Clean-up 01-Apr-26 R 5 000 000.00 Various
Category: technical
(Vehicular Cargo
Category: technical
Pollution Liability)
Category: technical
Group Personal Accident 01-Apr-26 800 people Various
Category: technical
Professional Indemnity 01-Apr-26 R 25 000 000.00 Various
Category: technical
Marine 01-Apr-26 R 20 000 000.00 Various
Category: technical
Contractors All Risks 01-Apr-26 R 15 000 000.00 Various
Category: technical
Commercial Crime 01-Apr-26 R 10 000 000.00 R1 000 000.00
Category: technical
Employment Practice 01-Apr-26 R 20 000 000.00 Various
Category: technical
Liability
Category: technical
Directors' & Officers' 01-Apr-26 R 50 000 000.00 Various
Category: technical
Liability
Category: technical
Sasria Assets R 4 466 215 896.00 Various
Category: technical
Sasria Motor 01-Apr-26 100 vehicles
Category: technical
Sasria Marine 01-Apr-26 R 20 000 000.00
Category: technical
Sasria CAR 01-Apr-26 R 11 500 000.00
Category: technical
of 6
Category: technical
No specific requirements found
MandatoryCategory: compliance
02 Feb
2026
Tender Published
Tender was published
04 Mar
2026
Closing Date
Tender closing date
Pending
Awaiting Award of Contract
This tender has not yet been awarded. The contracting authority is expected to publish the award notice in due course.
04 Mar
2026
Submissions Closed
No further submissions were accepted after this date.
Organization
South African Nuclear Energy Corporation LimitedNECSA is South Africa's nuclear technology corporation, responsible for nuclear energy research and production.
Contact Person
Buyani Nsibande
Phone
012-305-3027
NECSA is South Africa's nuclear technology corporation, responsible for nuclear energy research and production.
Matched by category & region
Median Estimate
R 1 503 464
Range
Based on 6 comparable awarded tenders. Companies with similar profiles typically bid near the median.
* Estimates are based on historical data and do not guarantee actual award values.
We refine every tender document through these stages so you can brief your team and prepare your bid with confidence. Anything marked as "in progress" will be upgraded automatically — no action required from you.
Important Dates
Source: 1.1 Specification for Risk Management and Short term Insurance Broking Services Jan 2026.pdfDocument issued: 20 January 2026. Closing date: 4 March 2026 at 11:00 (SAST). Contract period: 3 years. Annual broker fee adjustment: each April.
Contact Information
Source: 1.1 Specification for Risk Management and Short term Insurance Broking Services Jan 2026.pdfEnquiries: Husain Osman. Email: [email protected]. Tel: +27 (0)12 305 5077. Cell: +27 (0)84 580 7262. Submission address: Necsa – The South African Nuclear Energy Corporation SOC Ltd, PO Box 582, Pretoria 0001, South Africa. Tel: +27 (0)12 305 4222.
Evaluation Criteria
Source: 1.1 Specification for Risk Management and Short term Insurance Broking Services Jan 2026.pdfEvaluation process: 4 phases. Phase 1: Administrative Compliance (pass/fail) - Submit all returnable documents: proof of FSCA/SAFSIA membership, Professional Indemnity (PI) and Fidelity Guarantee (FG) cover, proof of mandate to appoint assessors, CVs of proposed service team, declarations of interest and previous business association with NECSA. Phase 2: Mandatory Requirements (pass/fail) - FSCA membership, minimum PI cover of R150,000,000, minimum FG cover of R150,000,000, in-house claims handling capability, familiarity with nuclear energy industry risks. Phase 3: Technical Evaluation - Service team experience and qualifications, risk management capability, claims handling processes, industry knowledge, ability to present/train. Phase 4: Pricing Evaluation - Fully disclosed all-inclusive broker fee (VAT inclusive), fixed for one year with specified annual adjustment formula. No hidden costs. NECSA reserves the right to not accept the lowest or any tender, and may accept in whole or in part.
Technical Specifications
Source: 1.1 Specification for Risk Management and Short term Insurance Broking Services Jan 2026.pdfScope: Provide risk management and short-term insurance broking services for NECSA Group of Companies. Must follow good business practices, meet industry standards, comply with regulatory bodies, and conform to national/international laws. Familiarity with nuclear energy industry risks required. Deliverables: Sourcing competitive quotes; claim administration and maintenance; ad hoc adjustments/endorsements on sums insured; day-to-day correspondence and queries; monitor premium payments/refunds; prepare reports as required. Claims handling must be in-house. Service team: Submit CVs of proposed team, including qualifications and experience. Appointment of investigators/loss adjusters: Must have mandate to appoint immediately; ensure qualifications and professionalism; no commission/incentives except set fees. Confidentiality: All NECSA-provided information is strictly confidential. Office visits: NECSA may request visits to broker’s offices. Presentation/training: Appointed broker must present insurance programme to NECSA management and train relevant employees.
Financial Requirements
Source: 1.1 Specification for Risk Management and Short term Insurance Broking Services Jan 2026.pdfBroker’s fee: Must be fully disclosed, VAT inclusive, and fixed for one year. Annual adjustment in April per specified formula. No hidden costs. Guarantees: Minimum Professional Indemnity cover of R150,000,000 and Fidelity Guarantee cover of R150,000,000. Submit proof of cover and indicate excess applicable. Payment terms: Not specified.
Compliance Requirements
Source: 1.1 Specification for Risk Management and Short term Insurance Broking Services Jan 2026.pdfMembership: Must be a member of the Financial Services Conduct Authority (FSCA) and the South African Financial Intermediaries Association (SAFSIA) or similar. Submit proof of membership. Declarations: Must declare any interest in insurers/risk management providers/reinsurance brokers that may cause bias. Must declare any previous business association with NECSA. Mandatory: In-house claims handling capability, nuclear industry familiarity.
Sets the constitutional standard for fair, equitable, transparent, competitive and cost-effective public procurement.
Relevant because this is a South African public-sector procurement opportunity.
Act 5 of 2000
Covers preferential procurement and preference-point systems used in public tenders.
Relevant because this is a South African public-sector procurement opportunity.
Act 12 of 2004
Supports anti-corruption controls and supplier integrity in procurement processes.
Relevant because this is a South African public-sector procurement opportunity.
Act 28 of 2024
Provides the national framework for public procurement across government.
Relevant because this is a South African public-sector procurement opportunity.
Act 2 of 2000
Supports access to tender records, award decisions and public-sector procurement information.
Relevant because this is a South African public-sector procurement opportunity.
Act 3 of 2000
Supports lawful, reasonable and procedurally fair administrative tender decisions.
Relevant because this is a South African public-sector procurement opportunity.
These rules are linked to the type of public body issuing this tender.
Act 71 of 2008
Relevant to governance and reporting obligations for state-owned companies and public entities.
Relevant because this tender appears to involve financial services, accounting, auditing, actuarial, or advisory work.
These rules are linked to the work category, industry, or regulated service area.
Act 38 of 2001
Relevant to financial services, audit, accounting, KYC and anti-money-laundering obligations.
Relevant because this tender appears to involve financial services, accounting, auditing, actuarial, or advisory work.
Address
R104 Elias Motsoaledi Street (Church Street West Ext) - Pelindaba - Madibeng Municipality - 0240
Source confidence
High source confidence
Official source
eTenders.gov.za
Documents found
2
Last checked
05 Jun 2026
AI status
Enhanced
Data conflicts
None detected
This tender has strong source evidence, including source metadata and supporting tender information synced from the government tender portal.
Tenders SA is not the issuing authority. All tenders are automatically synced from the official government tender portal. Always confirm final submission details, closing dates, briefing sessions, eligibility requirements, and documents on the official government portal before applying.
Key Personnel
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