Accounting and bookkeeping services

The market for accounting and bookkeeping services is quite large, with the government spending about R247 million on these services nationally. However, it's not a growing market, as the year-over-year growth is zero, indicating that the demand is stable but not increasing. You'll be competing with about 37 other suppliers for contracts from 38 different government departments, so it's a relatively crowded space. Your B-BBEE level will also play a role, as about 7% of the allocation is set aside for black-owned businesses, which could be a favourable factor for your organisation if you qualify. If I were you, I'd focus on building relationships with the key government departments and ensuring your B-BBEE certification is up to date to increase your chances of securing a contract.