Appointment of external audit and risk committee member for nmisa board

• Closing date and time: Friday, 24 July 2026 at 14h00.

• For technical queries: Ms B Mkhize, Tel: 012 947 2720, Email: [email protected].
• For commercial/SCM queries: Supply Chain Management, Tel: 012 947 2741, Email: [email protected].
• Submission address: [email protected].

• Submit your quotation electronically to [email protected].
• The response must reach NMISA by Friday, 24 July 2026 at 14h00. No late submissions will be considered.
• Your quotation must be on company letterhead.
• All quotations are subject to the attached SBD forms; non-completion will be regarded as non-compliance.
• For pricing above R2,000.00, attach a valid B-BBEE certificate.
• Quotations must be firm and valid for at least 30 days.
• Clearly indicate the delivery period in your quotation.
• NMISA reserves the right to request further information after the closing date for clarity.

• Submit a quotation on company letterhead.
• Complete all attached SBD forms.
• For pricing above R2,000.00, attach a B-BBEE certificate.
• Provide a CV and appointment letters proving minimum five years' experience as an independent ARC member in government/public entities.
• Provide valid proof of current professional registration.
• Include the signed bidder's disclosure and preference points claim form (SBD 6.1).

Unable to extract eligibility criteria

• Scope: Appointment as an independent external Audit and Risk Committee (ARC) member for the NMISA Board.
• Primary function: Provide independent oversight and advice on governance, risk management, internal controls, compliance, internal and external audit, financial reporting, and performance information.
• Deliverables: Assist the ARC in reviewing internal control systems, internal audit effectiveness, financial information adequacy, accounting issues, external audit findings, and presiding over disagreements. Report on internal controls and recommend financial statements and annual report for Board approval.
• The member must perform duties in accordance with the PFMA, National Treasury Regulations, the Measurement Unit and Measurement Standards Act, the latest King Report, AGSA requirements, the Board Charter, ARC Terms of Reference, and National Treasury guidelines.
• Mandatory independence: No executive/managerial powers at NMISA, no involvement in day-to-day operations or relationships with staff, no responsibility for developing/implementing new systems. Report directly to the ARC and Board.

• Minimum five (5) years' experience serving as an independent ARC member in Government and Public entities.
• Professional qualifications (CA(SA), CIA, CRMA, CISA, MBA) are an added advantage.
• Current registration with a recognised professional body (e.g., SAICA, IIA, IRMSA).
• Provide at least three written references or a list of three contactable references (names, numbers, emails) for similar work.
• Demonstrate experience in public sector governance, including internal/external audit, financial management, supply chain management, and risk management.
• In-depth knowledge of PFMA, National Treasury Regulations, accounting standards (GRAP, IFRS), POPIA, and enterprise-wide risk management frameworks.

• Provide a detailed pricing breakdown: Include an hourly average rate (VAT inclusive) for meeting preparation and attendance.
• Estimated hours: 12 meetings for preparation and 12 meetings for attendance (billing based on actual hours spent in meetings).
• Submit total price including VAT.
• Quotations must be valid for at least 30 days and clearly indicate the delivery period.

• Provide a quotation on company letterhead with a breakdown of your hourly average rate, VAT inclusive, for meeting preparation and attendance.
• The quotation must be firm and valid for at least 30 days.
• Clearly indicate the delivery period.
• NMISA is a Schedule 3A public entity under the PFMA and effects payment only after full delivery of services.
• Compensation is guided by National Treasury guidelines. No scope extensions or variations are valid without prior written approval from NMISA.

• Mandatory experience: Minimum five (5) years serving as an independent ARC member in Government and Public entities. Submit a CV detailing this work and appointment letters as proof.
• Mandatory registration: Current registration with a recognised professional body (e.g., SAICA, IIA, IRMSA). Submit valid proof.
• B-BBEE: Submit a valid B-BBEE certificate for pricing above R2,000.00. Points are awarded based on your B-BBEE status level.
• General compliance: Complete all attached SBD forms. Declare any employment by an organ of state, relationships with NMISA staff, interests in other enterprises, and sub-contracting arrangements.
• Independence: Confirm total independence from NMISA and sign a confidentiality and non-disclosure undertaking for POPIA compliance.
• The bidder must not be a disqualified person or listed in the Register for Tender Defaulters/Restricted Suppliers.

• B-BBEE preference points are awarded based on your B-BBEE status level according to the NMISA SCM Policy table.
• Submit proof of B-BBEE status (certificate or sworn affidavit) with your bid.
• If subcontracting, declare the percentage, sub-contractor name, their B-BBEE status level, and whether they are an EME or QSE.

• Term: Initial appointment is for three months, with possible extension at the Accounting Authority's discretion. Commences upon signing the appointment letter.
• Termination: Appointment may be terminated if the member becomes disqualified under relevant legislation, breaches the SLA (especially regarding resource quality or project duration), or fails to attend agreed meetings.
• Independence conditions: The appointed bidder is prohibited from conducting any other business with NMISA and must confirm total independence throughout the assignment.
• Confidentiality: Must sign a written confidentiality and non-disclosure undertaking to comply with POPIA in handling NMISA's personal information.

• NMISA reserves the right not to appoint and is not obliged to provide reasons for rejection.
• NMISA may request further information from any bidder after the closing date for clarity.
• NMISA may decline to consider any proposal that does not conform to any aspect of the procurement process.

• The member must perform duties in accordance with: PFMA and National Treasury Regulations, the Measurement Unit and Measurement Standards Act, the latest King Report, AGSA requirements, the Board Charter and ARC Terms of Reference, and National Treasury guidelines.
• Independence requirements: No executive/managerial powers at NMISA, no involvement in day-to-day operations or relationships with staff, no responsibility for developing/implementing new systems. Report directly to the ARC and Board.
• Professional registration: Must be currently registered with a recognised professional body (e.g., SAICA, IIA, IRMSA).

• The 80/20 preference points system applies.
• Price points calculated as per the formula: Ps = 80[1 - (Pt - Pmin)/Pmin].
• B-BBEE points awarded per the NMISA SCM Policy table.
• Submit proof of B-BBEE status to claim points.