Valuation of state’s 20% shareholding in west coast resources (diamond mining) – 3-Month professional services contract

• The Department of Mineral and Petroleum Resources seeks a service provider to valuate the State’s 20% shareholding interest in West Coast Resources (diamond operations in Namaqualand, Northern Cape).
• Objective: Produce a comprehensive, independent report determining the fair value to guide strategic decisions on future shareholding options.
• Contract period: Three months.
• Scope includes due diligence, valuation approach, options analysis, and reporting.

• Closing Date and Time: 28 July 2026 at 11:00.
• Compulsory Briefing Session: 10 July 2026 at 10:00 via Microsoft Teams.
• Meeting ID: 379 479 741 171 097
• Passcode: f7ra2ko2

• Bidding Procedure Enquiries:
• Contact Person: Mr. Tebogo Katjeni
• Telephone: 012 444 3197/3778
• Email: [email protected]
• Technical Enquiries:
• Contact Person: Ms. Morongwa Bosoga
• Telephone: 012 444 3611
• Email: [email protected]
• Submission Address: Department of Mineral and Petroleum Resources, Trevenna Campus, 70 Meintjies Street, Sunnyside, Pretoria, 0001.

• Submit bids by the stipulated closing time: 28 July 2026 at 11:00.
• Late bids will not be accepted for consideration.
• Deliver bid documents to the bid box at: Department of Mineral and Petroleum Resources, Trevenna Campus, 70 Meintjies Street, Sunnyside, Pretoria, 0001.
• The bid box is generally open from 07:30 to 16:00, Monday to Friday.
• All bids must be submitted on the official forms provided (not to be re-typed).
• Ensure bids are delivered timeously to the correct address.
• Required returnable documents include fully completed SBD1, SBD4, and SBD6.1.
• Non-compliance risks: Price amendments without signature/initials, use of correction fluid, completion in coloured ink other than black ink, or failure to attach a company profile to the Technical Proposal will be regarded as non-compliance.

Scope: Valuation of the State’s 20% shareholding interest in West Coast Resources (diamond operations in Namaqualand, Northern Cape) over a three-month contract period.

Key Deliverables:

• Inception report detailing methodology, approach, and work plan.
• Draft valuation report for Department review.
• Final comprehensive valuation report with findings, rationale, recommendations, and supporting documentation.
• Presentation of key findings and recommendations.

Scope of Work Includes:

• Due diligence: Gather and review data, documentation, and legal/regulatory contracts.
• Valuation approach: Apply internationally recognized methodologies, document assumptions and risks.
• Options analysis: Determine fair value, evaluate strategic options, analyse risks and benefits.
• Reporting: Prepare structured report with all data and analysis.

Additional Requirements:

• Project proposal must demonstrate comprehension and competence.
• Weekly status reports and final close-out report required.
• Service provider must disclose any conflicts of interest.
• Confidentiality: Team members must be approved and sign Non-Disclosure Agreements; security screening may apply.

• Pricing must be quoted in South African Rands (ZAR), VAT-inclusive.
• Provide a ceiling price covering all phases, expenses, and applicable taxes.
• Hourly rates must align with DPSA, Auditor-General, or relevant professional body guidelines.
• Subsistence & Travel (S&T) rates:
• Hotel accommodation: R1700 per night per person (including breakfast, dinner, parking).
• Air travel restricted to economy class.
• Kilometre claims not exceeding Automobile Association of South Africa approved rates.
• Travel and other expenses require proof with certified invoices.
• No upfront payment; payment only upon delivery of services and receipt of original invoice.
• Pricing schedule (SBD 3.3) must detail personnel hourly/daily rates, project phases with costs and man-days, and travel/other expenses.

• Tax Compliance: Bidders must submit a valid Tax Compliance Status (TCS) PIN from SARS or a Central Supplier Database (CSD) number.
• Application for TCS PIN can be made via e-filing at www.sars.gov.za.
• Consortia/joint ventures/sub-contractors must each submit separate proof.
• If no TCS PIN, a CSD number must be provided.
• B-BBEE: Preference points allocated for specific goals under the 80/20 system. Proof required via B-BBEE certificate from SANAS-accredited agency, DTIC, or sworn affidavit.
• Ownership by designated groups (Black people, Women, Youth, Disabled persons, SMMEs) must be at least 51% for full points; pro-rata points for lower shareholding.
• General Compliance: Bidders must not be persons in the service of the state or companies with directors in service of the state.
• Required Forms: Fully completed SBD1, SBD4, SBD6.1.
• Central Supplier Database: Registration on CSD is necessary for tax compliance verification.

• Evaluation based on 80/20 preference point system (80 points for price, 20 points for specific goals).
• Specific goals include ownership by Black people, Women, Youth, Disabled persons, and SMMEs.
• Points are allocated as per SBD 6.1, with verification required.