Accounting and bookkeeping services

The market for accounting and bookkeeping services to government is about R246 million, which is a decent size. However, it's not growing, with zero year-on-year growth, so you'll need to compete for a share of this existing market. With 37 suppliers already working with 38 different government departments, it's a fairly crowded space, and you'll need to differentiate your business to stand out. Your B-BBEE level will also be important, as the government aims to allocate a portion of this spend to black-owned, women-owned, and youth-owned businesses, with black-owned businesses currently receiving about 7% of the allocation. To get started, you should review your B-BBEE certification and ensure it's up to date, as this will be an important factor in competing for government contracts in this space.

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