Agricultural and forestry and landscape machinery and equipment
The market for agricultural and forestry machinery and equipment in the Northern Cape is relatively small, with a total spend of about R4.8 million. This market is not growing, as it has shown zero year-over-year growth, and it's quite concentrated with only 2 suppliers currently serving 2 departments. The good news is that there's a strong favour towards businesses with black ownership, women ownership, and youth ownership, with allocations of 83.42%, 50.85%, and 44.44% respectively. If you're considering entering this market, it's essential to ensure your organisation meets the Black Economic Empowerment (BEE) requirements to increase your chances of success. If I were you, I'd focus on getting your BEE level in order, particularly black ownership, to take advantage of the significant allocation favouring these businesses.
R5K
2
2
R2K
Supplier Type Allocation
EME (< R10M)
0%
QSE (R10-50M)
0%
GE (> R50M)
0%
BEE Allocation
83.4%
50.8%
44.4%
0.3%