Collectibles and awards

The market for collectibles and awards is a significant one, with the government spending about R1 million on these items. This market is relatively stable, with no year-on-year growth, so you can expect a steady demand. With 97 suppliers already catering to 23 different government departments, it's a fairly crowded space, but there's still room for your business to make an impact, especially if you're a black-owned, women-owned, or youth-owned organisation, as these groups are favoured with about 50%, 26%, and 16% of the allocation respectively. The fact that nearly 50% of the allocation goes to black-owned businesses is a great opportunity for your business if you fall into this category. If I were you, I'd focus on getting your B-BBEE level verified to take advantage of this favourable allocation and get a foot in the door with government departments.

ProTenders Intelligence, powered by National Treasury BAS data