Your business is considering the animal feed market in KwaZulu Natal, which is worth about R256 thousand. This market is relatively small and not growing, with no year-over-year growth recorded. It's also a fairly exclusive space, with only 3 suppliers currently working with the single department that's buying animal feed in the province. Notably, the department prioritises suppliers with a strong black economic empowerment profile, with about 86 percent of the spend going to black-owned businesses. To get a foothold in this market, you should focus on developing a competitive black economic empowerment programme for your organisation, which could favour your chances of securing contracts.
R256K
3
1
R85K
Supplier Type Allocation
EME (< R10M)
0%
QSE (R10-50M)
0%
GE (> R50M)
0%
BEE Allocation
86.3%
70.0%
21.4%
0.2%