Biological science services
In KwaZulu Natal, the market for biological science services is worth about R3.7 million, which is a decent size for a niche field. What's interesting is that this market isn't growing or shrinking, it's staying steady, which could mean there's a consistent demand for these services. With only 5 suppliers currently operating in this space, it's relatively uncrowded, which could be a good opportunity for your business to get a foothold. It's also worth noting that the government is allocating a significant portion of this spend to black-owned, women-owned, and youth-owned businesses, with about 46% going to black-owned businesses, 29% to women-owned, and 24% to youth-owned. To get started, you should look into getting your B-BBEE level verified, as this could give you a competitive edge in securing government contracts in this field.
R4M
5
1
R463K
Supplier Type Allocation
EME (< R10M)
0%
QSE (R10-50M)
0%
GE (> R50M)
0%
BEE Allocation
46.4%
29.1%
23.9%
0.1%