Exterior finishing materials

Your business is looking at a market for exterior finishing materials that's worth about R26 million. This market is relatively small and not growing, with no year-over-year growth, so you'll need to be strategic to get a foothold. It's also a fairly exclusive space, with only 2 suppliers currently working with 1 department, so you'll need to differentiate yourself to stand out. The good news is that there's a strong favour towards black-owned, women-owned, and youth-owned businesses, with nearly 96% of the allocation going to black-owned organisations, nearly 50% to women-owned, and about 64% to youth-owned. If I were you, I'd focus on building relationships with the relevant department and highlighting your business's ownership structure to gain a competitive edge.

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