Public Sector Valuations (GRAP 25)

Audit-ready GRAP 25 valuations for municipalities and state-owned entities

Accurate, well-documented actuarial valuations that support compliant annual financial statements and audit review.

Overview

Compliance without the headache.

Xivoni provides GRAP 25 actuarial services to municipalities, state-owned entities and public institutions. We value employee benefit obligations using the Projected Unit Credit Method, in line with South African public sector standards.

Our actuarial professionals apply robust assumptions, validate your data and deliver clear disclosures for management and audit review.

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Civic architecture representing public institutions
Careful valuation of employee benefit obligations supports public accountability.
What we do

Our capabilities

Post-retirement medical aid

Valuation of continuation-of-membership and post-employment health care obligations.

Long service awards

Full valuations, including first-time valuations to establish opening liabilities.

Leave provisions

Measurement of accumulated leave obligations.

Retirement & redundancy benefits

Valuation of retirement gratuities and termination benefits.

Other public-sector obligations

Specialist modelling, including landfill closure costs, subject to the relevant accounting basis. These obligations are assessed separately from GRAP 25 employee benefits.

Data validation & disclosures

Data validation summaries, sensitivity analysis and GRAP 25 compliance tables.

How it works

A clear, audit-ready process

Data & validation

We collect and validate your membership data and provide a data validation summary.

Assumptions

We set demographic and financial assumptions in line with GRAP 25.

Valuation

We value obligations using the Projected Unit Credit Method.

Report & audit support

We deliver a full report and disclosures and support you through the audit.

Who we work with

Clients we serve

  • Local and metropolitan municipalities
  • State-owned entities
  • Constitutional and regulatory bodies
  • Public entities, trusts and public sector funds
Our work in Public Sector & SOEs
Why Xivoni

What sets us apart

  • Reports well received by internal and external auditors
  • Delivered within agreed timelines
  • ASSA- and SAICA-accredited professionals
  • Level 1 B-BBEE contributor
Related work

Case studies

Public sectorSouth Africa

Employee benefit valuations for a municipality

A documented employee benefit valuation that supported financial reporting and audit review.

Outcome: The client confirmed delivery within agreed timelines. Reports supported compliance obligations and were well received by internal and external audit stakeholders.

Public sectorSouth Africa

Feasibility analysis for public infrastructure

Financial and economic analysis to inform public infrastructure investment choices.

Outcome: Delivered analysis considering commercial viability, socio-economic implications and investment choices.

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