The market for security and personal safety services in the North West province is substantial, with about R150 million spent by government departments. This market is relatively stable, with no year-over-year growth, which could indicate a mature market with established players. With 63 suppliers competing for contracts from 10 departments, it's a fairly crowded space, so you'll need to differentiate your business to stand out. It's also worth noting that the government prioritises procurement from black-owned businesses, with about 76% of the spend allocated to these organisations, so ensuring your business meets the relevant B-BBEE requirements could be beneficial. To get a foothold in this market, you should start by researching the specific needs of the 10 departments that are buying these services and tailor your offerings accordingly.
R150M
63
10
R1M
Supplier Type Allocation
EME (< R10M)
0%
QSE (R10-50M)
0%
GE (> R50M)
0%
BEE Allocation
76.4%
38.8%
18.9%
1.4%