You're looking at a market in Mpumalanga for additives that's worth about R17 million, which is a decent size. The market is not growing or shrinking, as it's showing zero year-over-year growth, so it's steady but not expanding. With 34 suppliers already in the mix, it's a fairly crowded space, and you'll need to differentiate your business to stand out. It's worth noting that the government is favouring businesses with strong black economic empowerment credentials, with about 67% of the spend going to black-owned businesses. If I were you, I'd focus on building a strong B-BBEE level and networking with the 7 departments that are doing the buying in this space to get a foot in the door.
R17M
34
7
R419K
Supplier Type Allocation
EME (< R10M)
0%
QSE (R10-50M)
0%
GE (> R50M)
0%
BEE Allocation
66.9%
34.4%
24.6%
0.4%