Banking and investment

The market for banking and investment services in the North West province is worth about R138 million, which is a significant opportunity for your business. However, it's worth noting that this market isn't growing, with zero year-on-year growth, so you'll need to compete for existing contracts. With 101 suppliers already active in this space, it's a relatively crowded market, and you'll need to differentiate your organisation to stand out. The North West provincial government has allocated about 36% of its spend to black-owned businesses, which could be a favourable factor for your business if you have a strong black economic empowerment programme in place. If I were you, I'd focus on building relationships with the 12 departments that are responsible for this spend, such as the Department of Finance, to increase your chances of securing contracts.