Banking and investment

The market for banking and investment services in Gauteng is substantial, with the government spending about R325 million in this space. This market is relatively stable, with no year-over-year growth, which could indicate that it's becoming increasingly competitive. With 110 suppliers already vying for contracts, it's a crowded field, and you'll need to differentiate your business to stand out. It's worth noting that the government has set aside a significant portion of this spend for businesses owned by black, women, and youth entrepreneurs, with over 35% allocated to black-owned businesses. If I were you, I'd focus on developing a strong B-BBEE level, particularly if you're a black-owned business, to take advantage of this favourable allocation and increase your chances of securing government contracts.