Municipal debt receivables monetisation and recovery solutions

Closing date: 24 November 2026 at 12h00.

Clarification queries deadline: 4 working days before the tender submission deadline.

RFP validity period: 12 months from the submission date and time.

Enquiries (written email only):

• Contact: Francois Venter
• Email: [email protected]
• Contact: Liugi Van Der Merwe
• Email: [email protected]

Issuing office:

Eskom Finance Division

Megawatt Park, Maxwell Drive

PO Box 1091, Johannesburg, 2000

Telephone: +27 11 800 4647

Fax: +27 086 663 2288

Website: www.eskom.com

Submission method: electronic only, via the Eskom E-tendering site at https://etendering.eskom.co.za.

Submission title: "TREASURY RFP – MUNICIPAL DEBT RECEIVABLES MONETISATION AND RECOVERY SOLUTIONS".

Closing: 24 November 2026 at 12h00. Late proposals are not accepted; the supplier is responsible for ensuring the submission is in before closing time.

Response format: maximum 30 pages, Arial font size 11.

Returnable documents (all must be submitted):

• Signed integrity declaration form (Annexure A) – declares no conflict of interest and no undisclosed relationship with Eskom or the state.
• Company profile and relevant experience.
• Company registration documents.
• Contactable references.
• Evidence of registration with an applicable recognised professional body.
• Original or certified copy of B-BBEE verification certificate.
• Original or certified copy of tax clearance certificate.
• Audited financial statements for the previous 18 months (or the last year if 18 months are not available).
• CSD number.
• Pricing inclusive of VAT.

Disqualification risks:

• Failure to submit the original response, copies of the tender, or the integrity declaration form.
• Late submission.
• Any conflict of interest (actual or perceived) as determined by Eskom.
• Nationality of a country on any international sanctions list.
• Not meeting the 70% technical threshold.

Evaluation stages:

1. Technical evaluation – minimum qualifying score of 70%.
2. Proposals meeting 70% are ranked using the 90/10 preferential point system (price 90 points, B-BBEE 10 points) under the PPPFA.

Technical criteria and weights:

• Legal Structure (40%):
• Description of structure (type, parties, legal form, mechanics, cash flows, recourse, risk allocation, eligibility of receivables, interaction with current account and Distribution Agency Agreement) – 20%.
• Term sheet sufficiently defines legal and financial obligations – 20%.
• Transaction Readiness (40%):
• Timelines to financial close – 15%.
• Structure of all costs (setup, ongoing) – 5%.
• Impact analysis on current payment obligations and Distribution Agency Agreement – 20%.
• Credence of Parties (20%):
• Number of similar solutions executed domestically/internationally in last 20 years exceeding ZAR100 million (10 or more = 5 points, 5 or more = 2.5, 1 = 1, 0 = 0) – 10%.
• Years of demonstrable experience in municipal debt or comparable receivables monetisation/recovery/financing (>20 = 5, >15-20 = 4, 10-15 = 3, 5-10 = 2, 1-5 = 1) – 10%.

After technical scoring, the highest-ranking tenderer after pricing is considered for contracting.

Scope: Proposals for Municipal Debt Receivables Monetisation and Recovery Solutions for a selected municipality, cluster of municipalities, or district. The specific municipalities will be determined and agreed by Eskom after evaluation.

Objective: Recover outstanding debt from multiple selected municipalities while ensuring payment of current accounts and not compromising obligations under the Distribution Agency Agreement process.

Proposal content required:

• Overview and description of proposed solutions.
• Indicative term sheet with high-level terms and conditions.
• Related costs and fees.
• Indicative timeline for execution.
• Evidence of track record implementing the proposed solutions, including examples relevant to municipal debt or comparable receivables.
• Insight on how the proposed solutions will impact current payment obligations to Eskom and the Distribution Agency Agreement process.

Track record scoring (10% of technical):

• 10 or more similar transactions exceeding ZAR100 million in the last 20 years = 5 points.
• 5 or more transactions = 2.5 points.
• 1 transaction = 1 point.
• 0 transactions = 0 points.

Experience scoring (10% of technical):

• More than 20 years demonstrable experience in municipal debt structures or comparable receivables monetisation, recovery, or financing = 5 points.
• More than 15 up to 20 years = 4 points.
• 10 to 15 years = 3 points.
• 5 to 10 years = 2 points.
• 1 to 5 years = 1 point.

Mandatory submission: company profile and relevant experience, contactable references, evidence of registration with a recognised professional body.

Pricing must be inclusive of VAT. The proposal must include a structure of all costs associated with the solution, including setup costs and ongoing costs. Price is scored out of 90 points under the 90/10 preference point system. No specific pricing format (e.g., schedule of rates or bill of quantities) is specified.

Pricing must be inclusive of VAT.

Bidders bear all costs of preparing and submitting proposals; Eskom is not liable for these costs.

No bid security, bonds, guarantees, retention, or payment terms are stated in the document.

Track record requirement: similar solutions exceeding ZAR100 million in value.

Eligibility:

• Must be a recognised firm with proven experience in working capital solutions, including structures applicable to municipal debt.
• Ineligible if the bidder has the nationality of a country on any international sanctions list.

Conflict of interest:

• Must not have a conflict of interest; any actual or perceived conflict leads to disqualification.
• Must submit the integrity declaration form (Annexure A) declaring no personnel involvement or interest in Eskom or its subsidiaries, and no Eskom personnel influence.
• Must disclose any Domestic Prominent Influential Person (DPIP) as per section 3 of the Financial Intelligence Centre Act (FICA).

B-bbee:

• Must submit an original or certified copy of a valid B-BBEE Status Level Verification Certificate to claim preference points.
• Non-submission does not disqualify but affects scoring.
• Non-compliant contributors do not qualify for B-BBEE preference points.

Tax:

• Must submit an original or certified copy of a tax clearance certificate.

Csd:

• Must provide a CSD number.

Professional registration:

• Must provide evidence of registration with an applicable recognised professional body.

Financial statements:

• Audited financial statements for the previous 18 months (or last year if not available).

Eskom provides no assurances or guarantees, explicit or implied, regarding the accuracy or completeness of the RFP contents. Issuing the RFP does not oblige Eskom to provide further information or correct inaccuracies. Eskom may cancel the RFP at any time prior to decision if circumstances change or public interest dictates. Eskom reserves the right to accept or reject any response and to cancel the RFP and reject all replies before announcing the successful tenderer.

Technical evaluation minimum threshold: 70%. Proposals below this are disqualified. Proposals meeting 70% are ranked using the 90/10 preferential point system (price 90, B-BBEE 10). Technical criteria weights: Legal Structure 40%, Transaction Readiness 40%, Credence of Parties 20%. Sub-criteria and scoring as detailed in the main evaluation criteria section.