Appointment of an independent commercial and technical advisor

{"name":null,"email":"[email protected]","phone":"011 269 3645","department":"(CRAD) screening report.","address":"kind relative to this RFP should"}

supply agreement. The SLA will serve as a tool to measure, monitor, and assess the

supplier performance and ensure effective delivery of service

contract and whose bid is functionally acceptable and financially advantageous to the IDC.

8.3. The IDC reserves the right to conduct site visits at bidder’s corporate offices and / or at

client sites if so required.

8.4. The IDC reserves the right to request all relevant information, agreements, and other

documents to verify information supplied in the bid response. The bidder hereby gives

consent to the IDC to conduct background checks, including FICA verification, on the

bidding entity and any of its directors / trustees / shareholders / members.

8.5. The IDC reserves the right, at its sole discretion, to appoint any number of vendors to be

part of this panel of service providers, if applicable (i.e., where a panel is considered).

8.6. The IDC reserves the right of final decision on the interpretation of its tender requirements

and responses thereto.

8.7. The IDC reserves the right to consider professional conduct and experiences it had with any

bidder which rendered similar services to the IDC in the past 5 years over and above the

references put forward by the bidder in its response.

12.1. Phase 1: Initial Screening Process: During this phase, bid responses will be reviewed for

purposes of assessing compliance with RFP requirements including the general bid

conditions and also the Specific Conditions of Bid, which requirements include the following:

• IDC will make use of the Central Supplier Database (CSD) to access key information

which is required to conduct supplier vetting including Company Registration status,

tax compliance status and any other relevant checks conducted on CSD.

• In the event that the bidding structure is a Prime Contractor with Sub-contractor/(s),

then IDC will evaluate the information provided in Annexure 2 (Acceptance of Bid

Conditions and Bidder’s Details) and if determined that the Prime Contractor holds a

lower percentage in terms of the value of the contract than any of its subcontractor/(s),

then the bid will be disqualified.

• Submission of ID copy for the Company Representative as referenced in 11.3.2 above.
• BEE Status Certification as referenced in 11.3.7.1 above.
• Completion of all Standard Bidding Documents and other requirements, as reflected in

this RFP, which covers the following:

➢ Section 2: Statement of compliance with the Functional Evaluation Criteria for this

RFP.

➢ Section 3: Cost Proposal and Price Declaration Form.

➢ Annexure 1: Bidders Experience & Project Team.

➢ Annexure 2: Acceptance of Bid Conditions.

➢ Annexure 3: Tax Compliance Requirements.

➢ Annexure 4: Bidder’s Disclosure.

➢ Annexure 5: Shareholders’ Information/ Group Structure.

➢ Annexure 6: BEE Commitment Plan.

➢ Annexure 7: Disclosure Statement.

➢ Annexure 8: Privacy & Protection of Personal Information Act

1 Bidder’s Relevant Experience 50

2 Qualifications, Skills and Experience of The Team 50

Total 100%

Note: The minimum qualifying score for functionality is 70%. All bidders that fail to achieve

the minimum qualifying score on functionality shall not be considered for further

evaluation on Price and Specific Goals.

12.3. Phase 3: Preference Point System

All bids that achieve the minimum qualifying score for Functionality (acceptable bids) will be

evaluated further in terms of the preference point system, as follows:

5.1.1 Bidder’s experience comply

5.1.2 Qualifications and skills of key partially not

The bidder’s key personnel of the proposed team must have

relevant qualifications, skills and experience.

following:

• The structure and composition of the proposed

team, clearly outlining the main disciplines/

specialties of this project and the key personnel

responsible for each specialty.

• CVs of the key personnel; and the CVs must clearly

highlight qualifications, areas of experience/

competence relevant to the tasks and objectives of

this project as outlined above.

Please refer to Table (b) Annexure 1 of this document for

the format in which the required information must be

provided.

Section 4: annexures

Annexure 1: response format for section 2

Bidder’s Experience and the proposed Project Team

Table (a) Details of the bidder's experience in technical and commercial due diligence services and transactional advisory services in the mining

and metals sector. (please refer to Section 2 par 5.1.1):

Client’ Name Industry (Start and End performed and extent of

client

Dates) Bidder's responsibilities

Table (b) Details of the key personnel of the bidders’ proposed team: (please refer to par 5.1.2 of Section 2 of this RFP document):

RFP number T33-06-26

Issue date 10 June 2026

Closing date and time 25 June 2026 @ 11:00 am

Tender validity period 120 days from the closing date and time

https://idcza-

Responses to this RFP should my.sharepoint.com/:f:/g/personal/tinys_idc_co_za

ONLY be forwarded to: /IgBP1R752fNpRZPkLgUMwWLUAVoOG6QclIX5PcB

5Tzcz8tw

NB: All enquiries regarding this RFP must be forwarded to the Procurement Specialist

Amelia Rawstorne at [email protected] within three (3) days after the RFP has been

issued. No enquiries from bidders will be entertained after the closing date of this RFP

and during the subsequent evaluation processes. IDC however reserves the right to clarify

any information with any bidder regarding their response to this RFP.

production was suspended and the smelter was placed on care and maintenance from 15

March 2026. This development reflects the structural unviability of the smelter under

prevailing electricity pricing and contracting conditions, rather than technical or market

failure. Accordingly, any decision to resume operations will have to be accompanied by a

long-term affordable and sustainable electricity supply solution.

Section 3: cost proposal

Section 3: cost proposal

1. NOTE: All prices must be VAT inclusive (where applicable) and must be quoted in

South African Rand (ZAR).

2. Are the rates quoted firm for the full period of the contract? YES NO

Important: If not firm for the full period, provide details of the basis on which price adjustments

shall be applied e.g., CPI etc.

3. All additional costs associated the bidder’s offer must be clearly specified and included in

the Total Bid Price.

4. Is the proposed bid price linked to the exchange rate? Yes No

rates as set out in the National Treasury Instruction /2017:

Cost Containment Measures which took effect from 01 January 2014,

where relevant.

of the referenced National Treasury Instruction: Cost Containment

Measures. The “Guide on Hourly Fee Rates for Consultants” as issued

by the Department of Public Service and Administration (DPSA); or

Tax compliance requirements 28

Tax Compliance Requirements (duly completed and signed)

tax compliance status and any other relevant checks conducted on CSD

Tax Compliance Requirements

Tax compliance status (tcs) or pin may also be made via e

Tax compliance status / tax compliance system pin code from the south

Tax compliance system pin

Csd number

Csd number must be provided

Central Supplier Database (CSD) to access key information

Central supplier database (csd) information

Central Supplier Database (CSD) of National Treasury are

Central supplier database (csd), a csd number must be provided

2 Qualifications, Skills and Experience of The Team 50

B-BBEE Details: e summary of your proposed solution)

11.3. Schedule 2:

11.3.1. Copy of Board Resolution, duly certified.

11.3.2. Originally certified copy of ID document for the Company Representative.

11.3.3. Annexure 2: Acceptance of Bid Conditions and Bidder’s Details (duly completed and

signed).

11.3.4. Annexure 3: Tax Compliance Requirements (duly completed and signed).

11.3.5. Annexure 4: Bidders Disclosure (duly completed and signed).

11.3.6. Annexure 5: Shareholders and Directors Information (duly completed and signed)

11.3.7. Annexure 6: BEE Commitment Plan.

11.3.7.1. Bidders must submit a B-BBEE verification certificate. For Exempted Micro

Enterprises (EME) with an annual revenue of less than R10 million and Qualifying

Small Enterprises (QSE) with an annual revenue of between R10 million and R50

million per annum, a sworn affidavit confirming the annual total revenue and level

of black ownership may be submitted. Any misrepresentation in terms of the

declaration constitutes a criminal offence as set out in the B-BBEE Act as

amended.

11.3.8. Annexure 7 Disclosure Statement (duly responded to).

11.3.9. Annexure 8 Privacy & Protection of Personal Information (duly completed and

signed, if applicable).

11.3.10. Statement of Financial Position of the Bidder: Latest Audited Financial Statements

(where applicable in terms of the Company’s Act) and/or independently reviewed

financial statements and/or Cashflow Budget for new entities with no financial

records.

11.3.11. Copy of Joint Venture/ Consortium/ Subcontracting Agreement duly signed by all

parties (if applicable).

Note: If a bidder is a Consortium, Joint Venture or Prime Contractor with

Subcontractor(s), the documents listed above must be submitted for each

Consortium/ JV member or Prime Contracto

9.1. By submitting a bid in response to the RFP, the bidder will be taken to offer to render all or

any of the services described in the bid response submitted by it to the IDC on the terms

and conditions and in accordance with the specifications stipulated in this RFP document.

9.2. The bidder shall prepare for a possible presentation should IDC require such and the bidder

will be required to make such presentation within five (5) days from the date the bidder is

notified of the presentation. Such presentation may include a practical demonstration of

products or services as called for in this RFP.

9.3. The bidder agrees that the offer contained in its bid shall remain binding upon him/her and

receptive for acceptance by the IDC during the bid validity period indicated in this RFP and

its acceptance shall be subject to the terms and conditions contained in this RFP document

read with the bid.

9.4. The bidder furthermore confirms that he/she has satisfied himself/herself as to the

correctness and validity of his/her bid response; that the price(s) and rate(s) quoted cover

all the work/item(s) specified in the bid response documents; and that the price(s) and

rate(s) cover all his/her obligations under a resulting contract for the services contemplated

in this RFP; and that he/she accepts that any mistakes regarding price(s) and calculations

will be at his/her risk.

9.5. The successful bidder accepts full responsibility for the proper execution and fulfilment of

all obligations and conditions devolving on him/her under the supply agreement and SLA to

be concluded with IDC, as the principal(s) liable for the due fulfilment of such contract.

9.6. The bidder accepts that all costs incurred in the preparation, presentation and

demonstration of the solution offered by it shall be for the account of the bidder. All

supporting documentation and manuals submitted with its bid will become IDC property

unless otherwise stated by the bidder/s at the time of submission.

I CERTIFY THAT THE INFORMATION FURNISHED IN PARAGRAPHS 1, 2 and 3 ABOVE

• Assess commercial merits, risks and transaction terms of acquiring Mozal and

resuscitating operations.

• Evaluate technical, operational, commercial, financial and environmental-

compliance requirements necessary to acquire and restart Mozal.

• Identify and assess alternative electricity supply options capable of supporting a

long-term sustainable and competitive cost structure.

• Propose an appropriate governance framework, management structure and

operating model.

• Structure a risk-mitigated transaction framework for the contemplated acquisition of

3.1 Technical and Operational Assessment

• Review technical condition of the smelter facility following care and maintenance.
• Review historical production efficiency, maintenance practices, and downtime

history.

• Assess restart operational requirements, timelines, costs and production ramp-up

schedule.

• Outline raw materials sourcing options, including potential suppliers and market-

related supply terms for critical raw materials such as alumina, coke and pitch.

• Evaluate operational capabilities required to operate a smelter of this nature,

including staffing, systems and contractor arrangements.

• Review the robustness of the proposed Management Services Agreement.

3.2 Energy Supply and Infrastructure Assessment

• Review existing power-supply arrangements and termination risks.
• Identify and assess alternative electricity supply options, including:
• Interim supply arrangements.
• Grid-based and self-generation.
• Wheeling, renewables and hybrid solutions.
• Proposed gas-to-power solution adjacent to Mozal.
• Assess technical feasibility, timelines, cost structures, and risk allocation associated

with the gas-to-power project.

• Evaluate capital requirements, timelines, regulatory approvals and pricing

implications of each option.

3.3 Strategic Partner Identification

• Identify and assess potential strategic equity partners with relevant industry and

operational expertise as well as adequate financial strength.

• Evaluate potential partnership structures and collaboration models.

3.4 Environment and Social Assessment

• Assess compliance with environmental permits and standards.
• Review historical and potential environmental liabilities.
• Evaluate social and labour obligations and community impacts.
• Assess alignment with IDC’s Environmental, Social and Governance (ESG) and

development impact frameworks.

• Review carbon intensity and transition risks.

3.5 Governance, Management and Operating Model

• Propose a suitable governance framework, including suggestions on Board

composition, for a recommissioned Mozal.

• Outline an appropriate management structure, inclusive of relevant experience

and/or qualifications necessary for an appropriate management team.

• Propose an optimal operating model (i.e.. owner-operated or contractor-operated).
• Identify and assess a shortlist of suitable potential contractors, should the

contractor-operated model be considered more appropriate.

3.6 Financial Assessment and Valuation

• Review historical financial performance and cash-flow generation.
• Assess liquidity, working capital, and dividend sustainability.
• Develop integrated financial models reflecting:
• Power pricing and supply assumptions.
• Aluminium price sensitivities.
• Sustaining and growth capex.
• Provide valuation ranges using appropriate valuation methodologies and

assumptions.

• Conduct financial due diligence including tax implications and material financial

liabilities.

3.7 Commercial and Strategic Assessment

• Assess Mozal’s strategic position within:
• Regional and global aluminium markets.
• Southern African industrial and beneficiation value chains.
• Developmental impact.
• Review Mozal’s competitive cost position, with emphasis on:
• Electricity intensity and pricing exposure.
• Alumina, coke, pitch and other critical inputs supply arrangements.
• Logistics and export infrastructure.
• Analyse aluminium market dynamics, pricing forecast and long-term demand

outlook and provide a comprehensive global aluminium market report.

• Identify and assess strategic options available, including acquisition, partnership or

exit.

3.8 Business Plan Development

• Propose a comprehensive, commercially viable, and financially sustainable

business plan for resuscitating Mozal operations.

• Develop a detailed financial model showing key inputs and techno-economic

assumptions used, inclusive of capital expenditure and operational cost estimates.

• Clearly articulate risks, sensitivities, and mitigation strategies.

3.9 Transaction Structuring and Funding

• Evaluate proposed acquisition structures, including:
• Performance-linked consideration.
• Deferred settlement funded through dividends and/or aluminium sales.
• Propose a risk-mitigated transaction structure and funding.
• Outline well-balanced risk-sharing strategies to allocate operational, power, market

and regulatory risks appropriately to key stakeholders.

• Propose key commercial terms and conditions required for a viable transaction.

3.10 Strategic Options & Recommendation Framework

• Integrate all findings and/or proposals into a ranked strategic options matrix.

• Provide clear recommendation with value, risks, feasibility, timelines and

implementation requirements.

3.11 Expected Outcomes and Deliverables

4.1. Bid responses must be submitted in electronic format only and must be e-mailed to the

dedicated e-mail address as provided herein.

4.2. Bid responses should be in generally acceptable / standard electronic file format/s (i.e.,

Microsoft suite of products or pdf) to enable access thereto by the IDC for purposes of

evaluating responses received. Where documents are presented in a format which cannot

be accessed by the IDC through generally acceptable formats, such bid response will be

disqualified.

4.3. The closing date for the submission of bids is 25 June 2026 not later than 11h00 AM (before

midday). No late bids will be considered. Bids must only be sent to https://idcza-

my.sharepoint.com/:f:/g/personal/tinys_idc_co_za/IgBP1R752fNpRZPkLgUMwWLU

AVoOG6QclIX5PcB5Tzcz8tw. Bids sent to any other email address other than the one

specified herein will be disqualified and will not be considered for evaluation. It is the

bidder’s responsibility to ensure that the bid is sent to the correct email address and that

this is received by the IDC before the closing date and time in IDC’s dedicated tender e-

mail inbox / address https://idcza-

my.sharepoint.com/:f:/g/personal/tinys_idc_co_za/IgBP1R752fNpRZPkLgUMwWLU

AVoOG6QclIX5PcB5Tzcz8tw. Bidders are advised to submit / send its bid responses at

least 30 minutes before the 11h00 AM deadline to avoid any technical challenges in this

regard which may result in bid responses being received late. IDC’s e-mail servers are

configured to receive e-mails with sizes up to 50MB.

4.4. The IDC will not be held responsible for any of the following:

4.4.1. bid responses sent to the incorrect email address.

4.4.2. bid responses being inaccessible due to non-standard electronic file formats being

utilised to submit responses by bidders.

4.4.3. any security breaches and unlawful interception of tender / bid responses by third

parties outside the IDC’s IT network domain.

4.4.4. bid responses received late due to any IT network related congestions and/or

technical challenges; and

4.4.5. bid responses with file size limits greater than IDC’s e-mail receipt capacity of 50MB.

4.5. Only responses received via the specified email address will be considered.

4.6. Where a complete bid response (Inclusive of all relevant Schedules) is not received by the

IDC in its electronic email tender box https://idcza-

my.sharepoint.com/:f:/g/personal/tinys_idc_co_za/IgBP1R752fNpRZPkLgUMwWLU

AVoOG6QclIX5PcB5Tzcz8tw by the closing date and time, such a bid response will be

regarded as incomplete and late. Such late and / or incomplete bid will be disqualified. It is

the IDC’s policy not to consider late bids for tender evaluation.

4.7. Amended bids may be sent to the electronic tender box https://idcza-

my.sharepoint.com/:f:/g/personal/tinys_idc_co_za/IgBP1R752fNpRZPkLgUMwWLU

AVoOG6QclIX5PcB5Tzcz8tw marked “Amendment to bid” and should be received by the

bid.

5.4. The bidder should check the numbers of the pages of its bid to satisfy itself that none are

missing or duplicated. No liability will be accepted by IDC in regard to anything arising from

the fact that pages of a bid are missing or duplicated.

5.5. Bidder’s tax affairs with SARS must be in order (tax compliant status) and bidders must

provide written confirmation to this effect as part of their tender response.

5.6. In the event that the bidding structure is a Prime Contractor with Sub-contractor/(s), then

the Prime Contractor must not hold lower % of the contract value than any of the

subcontractors.

Energy Supply and Infrastructure

3 Strategic Partner Identification

4 Environment and Social Assessment

Governance, Management and

Operating Model

6 Financial Assessment and Valuation

Commercial and Strategic

8 Business Plan Development

9 Transaction Structuring and Funding

Strategic Options &

Recommendation Framework

Rate/Hour

Number of Cost

Activity/ Deliverable Resources per

hours (VAT Excl.)

resource

11 Disbursements

Sub-Total Price (VAT Excl.)

VAT @ 15% (If applicable)

Total Bid Price (VAT Incl.)

The bidder must provide a detailed breakdown of the Disbursements as follows:

Cost Element Cost (VAT Excl.)

Sub-Total Disbursements

Note on pricing:

Disbursements (incidental expenses other than professional fees e.g., travel and

accommodation, printing costs, etc.) must be clearly defined, outlining all assumptions. It

is of utmost importance to submit clear and comprehensive cost proposals to allow the

IDC to fairly compare bid price / cost proposals. If there is no additional fee envisaged for

Disbursements, then the bidder must clearly indicate “No Charge / Free of Charge”. Failure

to clearly indicate this, would result in IDC penalising your bid response by taking the cost

of the highest bidder and adding 50% thereto and apply this rate for purposes of price

comparisons. Bidders are therefore requested to respond clearly and comprehensively

on this aspect of their bid response.

Summary of the proposal

Description bidder’s proposal

Number of resources (personnel)

Project duration (in hours)

Project duration (in months)

Commencement Date

Price declaration form

Dear Sir,

Having read through and examined the Request for Proposal (RFP) Document, T33-06-26

the General Conditions, The Requirement and all other Annexures to the RFP Document,

we offer technical, commercial due diligence and transactional advisory services to

the IDC, at a total amount of:

R...................................................................................................................... VAT incl.)

In words

R...................................................................................................................... VAT incl.)

We confirm that this price covers all activities associated with the project management and

consulting service, as called for in the Tender document. We confirm that IDC will incur no

additional costs whatsoever over and above this amount in connection with the provision of

this service.

We undertake to hold this offer open for acceptance for a period of 120 days from the date

of submission of offers. We further undertake that upon final acceptance of our offer; we

will commence with the provision of service when required to do so by the IDC.

We understand that you are not bound to accept the lowest or any offer and that we must

bear all costs which we have incurred in connection with preparing and submitting this

tender.

We hereby undertake for the period during which this tender remains open for acceptance

not to divulge to any persons, other than the persons to which the tender is submitted, any

information relating to the submission of this tender or the details therein except where such

is necessary for the submission of this tender.

Signed date

(Print name of signatory)

Designation

For and on behalf company

Of: name

Tel No

Fax No

Cell No

Section 4: annexures

Annexure 1: response format for section 2

Bidder’s Experience and the proposed Project Team

Request for Proposal No:

Name of Bidder:

Authorised signatory:

[Note to the Bidder: The bidder must complete the information set out below in response to the requirements stated in Section 2 of this bid document. If

the bidder requires more space than is provided below it must prepare a document in substantially the same format setting out all the information referred

to below and return it with this Returnable Schedule 3.

The bidder must provide the following information:

Table (a) Details of the bidder's experience in technical and commercial due diligence services and transactional advisory services in the mining

and metals sector. (please refer to Section 2 par 5.1.1):

Project period Description of service

Name, title and telephone contact of

Client’ Name Industry (Start and End performed and extent of

client

Dates) Bidder's responsibilities

Table (b) Details of the key personnel of the bidders’ proposed team: (please refer to par 5.1.2 of Section 2 of this RFP document):

Relevant Project Experience

Name Position Role / Duties in this Project

Project description, Client, Project period Project Cost

Annexure 2: acceptance of bid conditions and bidder’s details

Request for Proposal No:

Name of Bidder:

Authorised signatory:

Name of Authorised

Signatory

Position of Authorised

Signatory

By signing above the bidder hereby accept full responsibility for the proper execution and fulfilment

of all obligations and conditions devolving on him/her under this RFP.

[Note to the Bidder: The Bidder must complete all relevant information set out below.]

Central supplier database (csd) information

Bidders that are registered on the Central Supplier Database (CSD) of National Treasury are

required to submit as part of this proposal both their CSD supplier number and CSD unique

registration reference numbers below:

Supplier Number

Bidding structure

Indicate the type of Bidding Structure by marking with an ‘X’:

Individual Bidder

Joint Venture/ Consortium

Prime Contractor with Subcontractors

Other

Required information

If Individual Bidder:

Name of Company

Registration Number

Vat registration Number

Contact Person

Telephone Number

cell phone Number

Email address

Postal Address

Physical Address

If Joint Venture or Consortium, indicate the following for each partner:

Partner 1

Name of Company

Registration Number

Vat registration Number

Contact Person

Telephone Number

Cell phone Number

Email address

Postal Address

Physical Address

Scope of work and the value as a % of the total value of