Your business is considering the clothing market in Mpumalanga, which is worth about R3.1 million. This market is relatively stable, with no year-over-year growth, so you won't have to worry about intense competition from new entrants. With only 17 suppliers currently serving 7 departments, it's not overly crowded, giving you a decent chance to get your foot in the door. The Department of Trade and Industry's programme to support black-owned businesses is also in play here, with about 66% of the allocation going to black-owned businesses, so if your business qualifies, that's a significant favour to consider. If I were you, I'd focus on getting your B-BBEE level in order to take advantage of this allocation and increase your chances of securing government contracts in this space.
R3M
17
7
R174K
Supplier Type Allocation
EME (< R10M)
0%
QSE (R10-50M)
0%
GE (> R50M)
0%
BEE Allocation
66.1%
25.7%
16.6%
0.7%