Public administration and finance services

Your business is considering the public administration and finance services market in the North West province, which is worth about R20.5 million. This market is relatively stable, with no year-over-year growth, so you won't have to worry about it shrinking or exploding anytime soon. With 43 suppliers already in the market, it's fairly crowded, and you'll need to differentiate your organisation to stand out. The Department of Public Works and other government departments are among the 10 departments that procure these services, and it's worth noting that about 8% of the spend is allocated to black-owned businesses. If I were you, I'd focus on building relationships with these departments and exploring how your business can meet their specific needs, especially if you have a black-owned or women-owned business, which could give you a favour in terms of the 8% and 3% allocation respectively.