1. Overview of Kagiso Trust
Kagiso Charitable Trust (KCT) was founded in 1985 during a period of intense struggle in South Africa. During this tumultuous time, the Trust opposed apartheid by providing support to community-based organisations, non-governmental organisations (NGOs) and civil society organisations (CSOs) across a range of sectors.
After 1994, KCT broadened its social vision through the establishment of Kagiso Trust Investments and for the next decade focused on uplifting communities through targeted education and enterprise development programmes. In 2005, the Trust secured its financial stability through a series of strategic investments and partnerships that strengthened and expanded its capacities to develop people and communities.
Over the past 40 years, KCT has invested over R2 billion in development and implemented over 1,831 programmes.
1.1 Objectives of the Internal Audit Function
The appointed internal auditor will be expected to assist KCT’s management by providing independent and objective assurance on the effectiveness of the Trust’s risk management, governance, and internal control processes, thereby supporting the achievement of its strategic objectives.
Additionally, the Internal Auditors will be responsible for the following:
a) Evaluating controls and advising management at all levels
The Internal Audit function should support KCT in achieving its objectives by adopting a systematic and disciplined approach to evaluating and enhancing the effectiveness of risk management, control, and governance processes.
b) Analysing operations and confirming information
The Internal Auditors will be expected to work closely with line managers to review operations then report their findings. The internal auditor must be well versed in the strategic objectives of the Trust, so that they have a clear understanding of how the operations of any given part of the Trust fit into the bigger picture.
c) Reviewing compliance
Compliance reviews should be conducted to verify that the Trust adheres to all applicable laws, regulations, codes of practice, guidelines, and principles, ensuring consistent implementation across all areas of the Trust.
d) Evaluating risks
The Internal Auditor should identify critical activities and associated risk factors and evaluate their significance within KCT’s context. Evolving business dynamics and economic conditions influence how risk is assessed, requiring a shift from traditional, control-focused auditing towards a proactive, risk-based approach. This evolution enables Internal Auditors not only to address current issues but also to anticipate emerging risks and opportunities. In collaboration with KCT, the function should also compile and regularly update KCT’s risk register.
e) Attending meetings of the Audit and Risk Committee (ARCO)
Attend and deliver presentations to the Trust’s Audit and Risk Committee, as well as other relevant Trust’s sub-committees when required.
2. Internal Audit Scope
2.1 The following departments will be included in the internal audit preparation process:
a) Finance
b) Human Resources
c) Education
d) Company Secretariat and Legal
e) Civil Society
f) Local Governance Support
g) Policy
h) Information Technology
i) Communications and Marketing
j) Socio-Economic Development
2.2 Focus Areas of Assessment
The internal audit will assess the following key areas:
a) Governance and compliance
b) Internal financial controls
c) Procurement management
d) Human resources management
e) Information technology
f) Performance management
g) Policy implementation
h) Review of external audit recommendations to management
i) Risk monitoring
2.3. Communication and Reporting of Findings
The findings will be communicated to management to ensure full awareness of their implications for KCT’s operations. A final report, including recommendations, will be submitted to management and addressed to the Chair of the Audit and Risk Committee.
The internal audit report should be structured as follows:
a) Introduction
b) Audit objectives and scope
c) Background
d) Executive summary of significant findings
e) Detailed findings, recommendations, and management responses (including implementation timelines)
f) Conclusion
The internal audit function will have an administrative reporting line to the Chief Executive Officer and a functional reporting line to the Chair of the Audit and Risk Committee.
3. Fees and Payments
Proposed fees should be based on the following structure:
a) Total annual hours
b) Average hourly rate
c) Reimbursement costs such as telephone, travel, stationery, ad printing
4. Content and Technical Requirements of the Proposal
Interested service providers must submit a comprehensive proposal that includes the following:
a) Mandatory Compliance Requirements
Failure to comply with these requirements will invalidate the proposal. Documentary proof must be provided:
• Proof of company registration
• Valid SARS Tax Pin or Tax Clearance Certificate
• Valid B-BBEE Certificate
• Proof of registration with The Institute of Internal Audit.
• Audited Financial Statements for the past two years, or a letter from an accounting of-ficer/auditor confirming annual turnover
• Proof of registration with the Institute of Internal Auditors
• Completed declarations (e.g., conflict of interest, anti-fraud, confidentiality)
b) Company Profile A detailed company profile outlining the following:
• Experience in internal auditing, including sector-specific expertise
• In-house skills, particularly in financial instruments and audit methodologies
c) Project Team
• Confirmation of the core team to be assigned to the project, including their qualifications and experience (attach CV’s and qualifications).
d) References
• Reference letters or testimonials from previous internal audit engagements.
5. Validity of the Proposals
The service provider must confirm that its proposal will remain valid for 90 days from the closing date for submissions, during which the proposed team structure and associated rates will remain unchanged.
6. Appointment, Commencement and Duration
This is a project-based appointment with the estimated lifespan of one year from the commence-ment date.
7. Proposal Evaluation
KCT will assess proposals on the basis of the technical and financial criteria indicated below, to ascertain value for money, along with any other specific criteria that may be deemed pertinent during the selection process. The success of the proposal will be determined by the ability of the firm to competently execute this assignment. The technical and financial components of the written proposal must be submitted electronically to the below stated details, see section 9.
Phase 1: Technical Evaluation
The evaluation of the technical part of the proposal will be based on the service provider’s respon-siveness to the terms of reference. It will also evaluate technical requirements as stated above (section 4).
Phase 2: Pricing and B-BBEE Evaluation
a. The proposed fee structure should be as set out in Section 3.
b. B-BBEE- Preferential points will be awarded to service providers who provide valid proof of their B-BBEE status.
8. Conditions for Proposal
a) All proposals must be submitted, in full, electronically to dgumede@kagiso.co.za.
b) Proposals received after the set time (16h00) on 31 August 2025 will not be considered.
c) The service provider must include a cover letter clearly stating the name of the firm and address and telephone number of the service provider’s representative.
d) The service provider shall furnish such additional information that KCT may reasonably re-quire.
e) KCT will not be liable for any cost incurred in the preparation of the proposal.
f) KCT may invite service provider for an oral interview/ presentation prior to the approval of a proposal; however, KCT will not be liable for the costs incurred by the service provider in connection with such interview or presentation.
g) KCT will keep the contents of the application strictly confidential.
h) The information/data provided in this document, together with any subsequent issue of ad-denda of information/data is given in good faith for guidance of applicants. No warranties or representations are given regarding accuracy or completeness of such information.
i) In terms of the Protection of Personal Information Act (POPIA), KCT has a legal duty to pro-cess service provider’s Personal Information and related details in a lawful, legitimate, and responsible manner.
j) In order for KCT to discharge this duty, service providers hereby grant KCT explicit and in-formed consent to process any Personal Information contained in their bid proposals.
k) KCT reserves the right not to accept the lowest priced proposal or any proposal in part or in whole.
l) KCT also reserves the right to award this tender to any party whom it decides as a whole or in part without furnishing reasons.
m) KCT reserves the right to withdraw this tender at any stage with or without giving reasons.
9. Special Condition
Service providers who do not have a fully resourced office in Gauteng will not be considered.
10. Submission of Proposals
All proposals must be submitted electronically via email to dgumede@kagiso.co.za
Enquiries Contact Person: Dumisani Gumede
011 566 1936/076 772 8639
dgumede@kagiso.co.za
