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The Business Services sector is not associated with the production of any tangible commodity, but its output is no less significant to economic life. The South African services sector contributes hugely to the GDP, and is a major driver of economic growth, both directly and indirectly.
The Chamber supports local area and sector development by providing the following:
1. Enterprise development - increasing awareness of opportunities for learning, development and links to expertise.
2. Networking events - enabling members to connect with new customers, suppliers, experts and decision-makers.
3. Support sector associations to strengthen their cluster facilitation capabilities.
4. Strengthening of dialogue with the public sector - towards more effective public investment, smarter service delivery, procurement efficacy and to stop doing what the private sector can do with greater efficacy.
Business services comprise the fabric of economic life, particularly in the era of pervasive digitisation, social media, and other online tools.
In the second half of 2021, business services and real estate recorded the largest percentage increase in SA business turnover.
The Western Cape is evolving into a global business services hub, with Cape Town at the epicentre of recent growth, thanks to its advantageous infrastructure, available talent, robust property market, and quality of life. The Province is home to multiple top law firms, asset managers, insurance brokers, and other service providers.
This sector is dynamic and constantly striving to reduce output costs and streamline efficiencies, thereby providing customers with a quality cost-effective service. Business activity is shaped by a broad variety of factors, most of them external, such as digitisation, the standard of living, customer behaviour and availability of self-help tools. These dictate the rate and speed at which business services are called-upon and delivered.
We welcome you to engage with us to improve the Business Services Sector.