Equity portfolio valuation services for land bank's strategic equity investments (fy2027)

The Land and Agricultural Development Bank of South Africa requires equity portfolio valuation services for FY2027. The full specification is provided in Annexure A to the RFQ.

Closing date: 30 October 2026 at 11:00

Issue date: 19 October 2026

No briefing or site visit is stated.

SCM and technical enquiries:

• Contact: Bathabile Nkosi
• Email: [email protected]
• Telephone: not stated

Submission email: [email protected] and [email protected]

Issuing office:

Land and Agricultural Development Bank of South Africa

P O Box 375

Pretoria, 0001

First Floor Block A, Lakefield Office Park

272 West Avenue (corner of Lenchen Avenue and West Avenue)

De Hoewes, Centurion

Web: www.landbank.co.za

Submission method: email only

Submission email: [email protected] and [email protected]

Closing date and time: 30 October 2026 at 11:00

Bids must be submitted on the official forms provided, not re-typed.

Late bids will not be accepted.

Returnable documents (all must be completed, signed and submitted):

• SBD 1 (Invitation to Bid): bidder and contact details, signed as the offer cover page.
• SBD 4 (Bidder's Disclosure): discloses whether any director or shareholder is employed by the state or connected to anyone at the procuring institution. All pages must be complete, all questions answered, and 'N/A' indicated where appropriate. A declared or identified conflict of interest renders the bid non-responsive.
• SBD 6.1 (Preference Points Claim Form): claims preference points under the PPPFA 80/20 system; must be fully completed.
• Proof of CSD registration (https://secure.csd.gov.za/).
• Tax compliance status (TCS) PIN or printed TCS certificate.
• Valid B-BBEE certificate from a SANAS-accredited agency or a sworn affidavit.
• Completed Vendor Accreditation Form.
• Cancelled cheque or stamped letter from the bank.
• Certified copies of ID documents of shareholders/directors.
• KYC documents as listed in Annexure D (for FICA/PEP screening).
• Proof of authority to sign (e.g. company resolution).

Disqualification risks:

• Any returnable form left unsigned or omitted.
• False declarations.
• Bids from persons in the service of the state, or companies/close corporations with directors/members in the service of the state.
• Bidders listed on the Register of Tender Defaulters or List of Restricted Suppliers.

Essential returnable documents (non-mandatory but may be requested during evaluation; must be provided within 5 working days or proposal deemed non-responsive): proof of good standing with SARS (verified via CSD or SARS e-filing PIN), proof of CSD vendor registration, SBD 4 (fully completed and signed disclosure form), SBD 6.1 (preference points claim form). Statutory compliance documents required for consideration: completed Vendor Accreditation Form, proof of CSD registration, cancelled cheque or stamped bank letter, supplier information and disclosure forms signed and stamped by a Commissioner of Oaths, TCS PIN with valid tax clearance certificate, B-BBEE certificate or affidavit, certified ID copies of shareholders/directors. KYC documents (Annexure D) required for FICA/PEP screening.

Two-stage evaluation:

Stage 1 – Mandatory requirements (pass/fail; failure disqualifies immediately):

• Comprehensive company profile demonstrating capacity, capabilities and competency.
• Availability of qualified consultant/key personnel; attach CVs.
• Extensive experience and knowledge in investment valuations, preferably in the agri-sector.
• Active professional indemnity insurance.
• Price quotation aligned with the scope of work.
• Independence from the Land Bank investment transaction in question (disclosure required prior to appointment).

Stage 2 – Price and specific goals (only for bidders passing Stage 1):

• Preference point system: 80/20 (price 80 points, specific goals 20 points).
• Specific goals: 10 points for at least 51% black-owned; 10 points for at least 51% black-woman-owned.
• A valid B-BBEE certificate must be submitted to qualify for specific goals.

Additional objective criteria and risk analysis (post-scoring suitability review):

• Compliant tax status at time of recommendation.
• Full CSD registration.
• No misrepresentation in tender information.
• No non-performance on Land Bank projects.
• Not listed on Register of Tender Defaulters.
• No conflicts of interest.
• No conviction for fraud or corruption.
• No removal from an organ of state contract for non-performance.
• No unduly high or unduly low tendered rates (financial risk analysis; distorted rates may disqualify).
• Land Bank may conduct due diligence on the preferred bidder, including financial statement analysis, judgements, litigation, performance history and reputational risk.
• Non-compliance identified during evaluation may be negotiated with the highest-scoring tenderer; if unresolved, award may go to the next-ranked tenderer.

Scope: Equity portfolio valuation services for FY2027.

Bidders must refer to Annexure A attached to the RFQ for the full specification.

The quotation must show professional fees for each individual equity investment, referencing Table 1 for the list of investments and portfolio split.

Required expertise: investment valuations, preferably in the agri-sector.

The successful bidder must be independent of the Land Bank investment transaction in question.

The evaluation methodology follows the Preferential Procurement Policy Framework Act (PPPFA) Regulations 2022. The 80/20 preference point system applies (price 80 points, specific goals 20 points). Bidders must complete SBD 6.1 in full to submit all B-BBEE and sub-contracting information at bid closing.

Mandatory requirements include a comprehensive company profile demonstrating capacity, capabilities and competency; availability of qualified consultant/key personnel assigned to the project (attach CVs); and extensive experience and knowledge in investment valuations, preferably in the agri-sector.

Quotations must align with Annexure A (scope of work) and show professional fees for each individual equity investment. Prices must be valid for 120 days and remain firm for the contract duration, including provision for price increases. All prices must exclude VAT, with VAT shown separately. All pricing assumptions, excluded costs and estimated costs must be documented. Land Bank will not entertain price adjustments. Unduly high or low tendered rates may be subject to financial risk analysis and could lead to disqualification.

Pricing format:

• Quotation must align with Annexure A (scope of work).
• Professional fees must be shown for each individual equity investment.
• Prices must be valid for 120 days and remain firm for the duration of the contract, including provision for price increases.
• All prices must exclude VAT; VAT must be shown separately on all costed items.
• All pricing assumptions, excluded costs and estimated costs must be clearly documented.
• Land Bank will not entertain price adjustments; the pricing document is assumed complete and covering all costs.

No bid security, bond, guarantee or retention requirements are stated.

Financial capacity: Land Bank may assess the bidder's financial statements (accounts receivable/payable turnover, liquidity, solvency) as part of due diligence; for JV/SPV, each partner's statements are consolidated.

Tax compliance:

• Submit a SARS TCS PIN or printed TCS certificate; alternatively provide CSD number if no TCS PIN.
• Each party in a consortium/JV/sub-contracting arrangement must submit separate TCS/CSD.
• Tax status verified via CSD or SARS e-filing PIN.

CSD registration:

• Must be registered as a vendor on the National Treasury Central Supplier Database (https://secure.csd.gov.za/).

B-bbee:

• Valid B-BBEE certificate from a SANAS-accredited agency or a sworn affidavit substantiating the rating.
• Specific goals: 10 points for at least 51% black-owned; 10 points for at least 51% black-woman-owned.

Other:

• Not a person in the service of the state, nor a company/CC with directors/members in the service of the state.
• Not listed on Register of Tender Defaulters or List of Restricted Suppliers.
• Must complete SBD 4 (disclosure) and SBD 6.1 (preference points claim).
• Must complete Vendor Accreditation Form and provide cancelled cheque/stamped bank letter.
• Must provide certified ID copies of shareholders/directors.
• Must provide KYC documents (Annexure D) for FICA/PEP screening.
• Must sign a confidentiality agreement.
• Must be independent of the Land Bank investment transaction.

Specific goals under the 80/20 system: 10 points for at least 51% black-owned; 10 points for at least 51% black-woman-owned. A valid B-BBEE certificate from a SANAS-accredited agency or a sworn affidavit is required to claim these points. B-BBEE information must be submitted via SBD 6.1 at bid closing.

No specific health and safety requirements are stated for this services tender. However, poor performance regarding safety, health, quality control or environmental policies may be considered in the risk assessment.

Confidentiality agreement required. Land Bank may amend terms of reference. POPI consent and indemnity. Contract formalised via SBD 7.

Two-stage evaluation: Stage 1 mandatory requirements (pass/fail) – company profile, qualified personnel with CVs, experience in investment valuations (preferably agri-sector), active professional indemnity insurance, price quotation aligned with scope, and independence from Land Bank investment transaction. Stage 2 – price (80 points) and specific goals (20 points) under 80/20 system. Specific goals: 10 points for at least 51% black-owned; 10 points for at least 51% black-woman-owned. Valid B-BBEE certificate required for specific goals. Post-scoring objective criteria and risk analysis as described.