Banking and investment

Your business is considering the banking and investment sector in the Eastern Cape, which has a total spend of about R138 million. This market is relatively stable, with no year-over-year growth, and has a moderate number of suppliers, with 135 companies currently operating in the space. The Department of Public Works and other government departments in the province are among the 13 departments that procure services from this sector, with a significant portion of the allocation, about 36%, set aside for black-owned businesses. The market is also favourable to women-owned and youth-owned businesses, with about 13% and 10% of the allocation respectively. If I were you, I'd focus on building relationships with the key departments and ensuring your B-BBEE level is up to date to take advantage of the favourable allocation for black-owned businesses.