South Africa Consulting Industry Report 2022: A Research-based Proposition for Investment Purposes

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Jan 13, 2023, 11:30 ET

DUBLIN, Jan. 13, 2023 /PRNewswire/ -- The "South Africa Consulting Industry: A Research-based Proposition for Investment Purposes" report has been added to ResearchAndMarkets.com's offering.

The management consulting and business advisory services industry forms part of the knowledge industry. It is forecasted to grow to US$20.11bn in 2022 and US$20.6bn in 2023 from US$19.5bn in 2021.

The sector has been affected by the pandemic, which limited in-person consultations and travel and resulted in several clients cancelling projects, as well as allegations that several big management consulting firms, including McKinsey & Company and Bain & Company, were implicated in corruption by the state capture enquiry. Some mid-tier and boutique management consultancies have been able to capitalise on the crisis.

Demand for consulting and business advisory services is rising, driven by clients looking for help with digital transformation, which increased during the pandemic. Enterprise and supplier development (ESD) and turnaround and business rescue consulting also represent growing opportunities for business consultants. Knowledge management is becoming increasingly driven by digital tools.

Management consultancies and business advisory firms form part of the broader consulting industry.

SA has a well-established consulting sector and regarded as mature based on global standards. As part of the knowledge industry, economic activity in the sector, centers on the provision of professional value-added information and knowledge-based services that seek to enhance the efficacy of business strategies and optimise operational processes and organisational performance.

Advisory firms and management consultancies provide services to businesses and organisations across all sectors of the economy including the public sector. External consultants are generally engaged on a temporary basis to provide objective advisory services and support in identifying, analysing and resolving issues. Consulting is a high margin industry, using various charging models incl project fees, hourly rates and retainers.

South Africa's business and management consulting industry is multi-dimensional and diversified in nature.

The sector is characterised by high levels of fragmentation and differentiation, with players ranging from freelance independent sole proprietors to major multinational consulting firms. It is not uncommon for independent practitioners to be engaged by their former employers.

Many university professors and lecturers also consult on matters in their fields of expertise. Smaller boutique consultancies, which tend to target specific niche markets, have generally adopted a more focused approach. Players in this segment include broad-based black economic empowerment (B-BBEE) management consultancies, sourcing advisory firms and environmental consultancies. The scope of the services offered by large established firms is generally much broader.

Management consulting comprises three main segments: operations consulting; strategy consulting; and human resources (HR) consulting/human capital advisory services. Business process improvement, operational problem solving and building sustainable competitive advantages are key elements of management consulting and business advisory services.

Key Topics Covered:

Introduction
General Consulting Market
The South African Consulting Industry
Ownership Distribution
Competitive Environment
Functional Analysis
Market Entry Modes
Opportunities Landscape
SA Local Government
Business Model
Company Structure
References

Companies Mentioned

A T Kearney (Pty) Ltd
Accenture (South Africa) (Pty) Ltd
Adept Advisory (Pty) Ltd
Alexander Proudfoot South Africa (Pty) Ltd t/a Proudfoot Consulting
AYO Technology Solutions Ltd
Bain and Company South Africa Inc
BDO South Africa Inc
Beesa Business Services (Pty) Ltd
Business Partners Ltd
Butterfly Effect Intelligence (Pty) Ltd
Columinate (Pty) Ltd t/a InSites Consulting South Africa
Dalberg Consulting CC
Datacomb (Pty) Ltd
DecisionInc (Pty) Ltd
Deloitte South Africa
Edge Growth Business Development (Pty) Ltd
Ernst and Young Advisory Services (Pty) Ltd
Fetola Mmoho Corporate Social Investment Consultants (Pty) Ltd
FeverTreeConsulting (Pty) Ltd
Free State Development Corporation
FTI Consulting South Africa (Pty) Ltd
Gauteng Growth and Development Agency SOC Ltd
Generation of Leaders Discovered Consulting (Pty) Ltd
Hoorah Digital (Pty) Ltd
IBM South Africa (Pty) Ltd
IQ Business (Pty) Ltd
IQVIA Solutions (Pty) Ltd
Knowledge Mentoring Institute (Pty) Ltd
Korn Ferry (Pty) Ltd
KPMG Services (Pty) Ltd
Kreston SA (Pty) Ltd
ManpowerGroup SA (Pty) Ltd
McKinsey and Company Africa (Pty) Ltd
Mercer South Africa (Pty) Ltd
Moore South Africa (Pty) Ltd
Motlanalo Chartered Accountants and Auditors Inc
NMG C and A Holdings (SA) (Pty) Ltd
PricewaterhouseCoopers Inc
Raizcorp Enterprise Development (Pty) Ltd
Renaicance Consultants CC t/a Next Generation Consultants
Rifle-Shot Performance Holdings (Pty) Ltd
SizweNtsalubaGobodo Grant Thornton Inc t/a SNG Grant Thornton
Strategic Simulation Solutions BTS Africa (Pty) Ltd t/a BTS Africa
Tata Consultancy Services (South Africa) (Pty) Ltd
The Boston Consulting Group RSA (Pty) Ltd
The Eton Group (Pty) Ltd
The Franchise Firm (Pty) Ltd
Trade and Investment KwaZulu-Natal

For more information about this report visit https://www.researchandmarkets.com/r/qcvu25

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