Accounting and bookkeeping services
In KwaZulu Natal, the market for accounting and bookkeeping services to government is about R38 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 only 16 suppliers currently serving 9 government departments, it's relatively uncrowded, which could be an opportunity for your business. Your B-BBEE level will also be important, as black-owned businesses currently receive about 7% of the spend in this area. To get started, you should research the 9 government departments buying these services and make sure your business is registered on their supplier databases.
R38M
16
9
R1M
Supplier Type Allocation
EME (< R10M)
0%
QSE (R10-50M)
0%
GE (> R50M)
0%
BEE Allocation
7.2%
2.4%
1.1%
0.0%