Banking and investment

The market for banking and investment services in government procurement is substantial, with about R1.2 billion spent in this area. This market is relatively stable, with no year-over-year growth, which could indicate a high level of competition among the 117 suppliers currently operating in this space. It's also worth noting that government departments favour suppliers with a strong black economic empowerment profile, with about 35.7% of the spend going to black-owned businesses. To succeed in this market, you'll need to differentiate your business and build relationships with the 41 government departments that procure these services. If you're considering entering this market, start by analysing your business's black economic empowerment level and looking for ways to improve it, as this could give you a competitive edge.

ProTenders Intelligence, powered by National Treasury BAS data