The market for banking and investment services in Gauteng is substantial, with about R325 million spent by government departments in this area. This market is quite crowded, with 110 different suppliers competing for contracts, and it's spread across 14 different departments. It's worth noting that the market size has remained steady, with no year-over-year growth, so you'll need to be competitive to win contracts. To increase your chances of success, it's also important to consider your B-BBEE level, as a significant portion of the spend, about 36%, goes to black-owned businesses. To get started, you should analyse the specific needs of the 14 departments involved and tailor your services to meet those needs, which will help you stand out in a crowded market.
R325M
110
14
R1M
Supplier Type Allocation
EME (< R10M)
0%
QSE (R10-50M)
0%
GE (> R50M)
0%
BEE Allocation
35.7%
12.9%
9.7%
0.4%