Collectibles and awards

The market for collectibles and awards in government procurement is worth about R1 million, which is a decent size. However, it's not growing, with zero year-on-year growth, so you'll need to compete for a share of the existing market. With 97 suppliers already in the mix, it's a fairly crowded space, and you'll need to stand out to get noticed by the 23 departments that buy these types of products. It's worth noting that nearly 50% of the spend in this market goes to black-owned businesses, so if your business has a good Broad-Based Black Economic Empowerment level, you may have a competitive edge. To get started, you should analyse the types of collectibles and awards that these departments are buying, and see if your business can offer something that meets their needs.

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