Banking and investment

The market for banking and investment services is huge, with the government spending about R1.2 billion in this area. This market is relatively stable, with no year-over-year growth, which could indicate that it's already quite mature. You'll be competing with about 117 other suppliers for contracts from 41 different government departments, so it's a fairly crowded space. It's worth noting that the government has a strong focus on supporting black-owned, women-owned, and youth-owned businesses, with about 36% of the spend allocated to black-owned businesses, 13% to women-owned businesses, and almost 10% to youth-owned businesses. If I were you, I'd make sure your organisation has a strong Broad-Based Black Economic Empowerment programme in place to increase your chances of securing government contracts in this market.