OUR Market

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MARKET RESEARCH

- There are 290 municipalities in South Africa
- Only 25% have clean audit reports and we aim to capture the 75% of municipalities that do not have clean audit reports

MARKET SIZE & TRENDS

- Changing National Treasury regulations Define the total market size as well as the slice of the market your business will target. This session require a market segmentation exercice.

MARKET TARGETS

- For audit readiness we aim to obtain 3 municipalities in the next 3 years - For section 71 reports, we aim to get about 5 municipalities - For financial statement preparation we aim to get 5 municipalities

VALUE TO CUSTOMER

- The services we will offer are a necessity as municipalities are required to comply with MFMA, National Treasury regulations and GRAP standards.

PRICING STRATEGY

- We will price our products and services in such a way that you recover both variable and fixed costs as well as taking into account what our competitors are doing and also consider the cyclical nature of the business.

COMPETITION

There are four major classes of competition in the actual fiduciary business in South Africa. These include individual proprietors and small accounting offices and medium offices with between 6 and 25 employees...

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Business Concept

The overall objective is to focus the activities towards the specialised services (audit readiness, preparation of financial statements, preparation of National Treasury reports and management accounts) and to become a leader in this niche within the municipalities in South Africa. The company projects growth to be ±10% of sales in the next three years.

Vision statement

To provide automated financial reporting using BI tools and CaseWare software and lead the industry in automated reporting in South Africa. To be the partner of choice in the partnering with the public sector in achieving clean audit reports and a leading catalyst in the development of internal controls and service delivery.

Mission statement

Our Main Purpose – Workmate exists to provide complete, reliable and high quality services to municipalities and public entities. Services must give solutions and results that are reliable and give constumer satisfaction with no compromisng on keeping with high quality standards accepted nationally and internationally!

WHO WE ARE

Learn more about our professional company and our high class services we provide to our pristine highly respected clients who we do business with. Also get a better understand about our company profile and years we have been offering our excellent services with outstanding second to none capabilities.

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OUR Goals/Objectives

Overall objective

Focus on activities aimed towards specialized services (audit readiness, preparation of financial, preparation of NT reports and management accounts.) and to become a visible, reputable leader and preferred partner in this niche in the public sector within South Africa.

Cash flow

To generate sufficient cash flow to finance future growth and development and to provide the resources needed to achieve the other objectives of the company and its owners.

Growth

To expand the business at a rate that is both challenging and manageable, serving the market with innovation and adaptability. (Growth projected at 10% of sales in the next three years.)

QUALITY PERFORMANCE

Aiming to offer a high performing and values-driven organisation which always do things beyond the "status quo" to a way beyond typical service delivery.

Well Governed

We are a well governed, compliant and integrated organisation that always aims to keep within our vision and set goals of our business structure.

Keys to success

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