Animal feed

Your business is considering the animal feed market in the Northern Cape, which is worth about R212 thousand. This market is relatively small and not growing, with no year-over-year growth, so you'll need to carefully consider your competition - although with only 2 suppliers currently operating, it's not overly crowded. The Department of Agriculture is the main buyer in this space, and they have a strong favour towards businesses with black ownership, with about 86 percent of the allocation going to these organisations. The fact that about 70 percent of the allocation also goes to women-owned businesses is also worth noting. If I were you, I'd focus on building relationships with the Department of Agriculture and ensuring your business meets the Black Economic Empowerment requirements to increase your chances of success in this market.