The market for additives in KwaZulu Natal is worth about R7 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 79 suppliers already in the mix, it's a fairly crowded space, and you'll need to differentiate your business to stand out. The good news is that the government is committed to supporting black-owned, women-owned, and youth-owned businesses, with significant allocations set aside for these groups. If I were you, I'd focus on getting your B-BBEE level in order, as 67% of the spend is allocated to black-owned businesses, which could give you a competitive edge in this market.
R7M
79
5
R68K
Supplier Type Allocation
EME (< R10M)
0%
QSE (R10-50M)
0%
GE (> R50M)
0%
BEE Allocation
66.9%
34.4%
24.6%
0.4%