Banking and investment

The market for banking and investment services to government is substantial, with about R1.2 billion in payments recorded against suppliers in this sector. This market is relatively stable, with no year-over-year growth, and is served by a considerable number of suppliers, around 117, indicating it's quite crowded. Your business will be competing with many other organisations for contracts, but it's worth noting that government aims to allocate a significant portion of its spend to black-owned businesses, about 35.68% of the total. To increase your chances of success, it's essential to understand and comply with the government's Black Economic Empowerment, or BEE, requirements, which favour businesses with high BEE levels. Now would be a good time to review your BEE level and consider how you can improve it to make your business more competitive in this market.