The consumer electronics market in the Eastern Cape province is worth about R95,800, and it's currently not showing any year-over-year growth. This market is relatively small and not very crowded, with only 5 suppliers and 3 government departments involved. It's also worth noting that the government is prioritising procurement from black-owned businesses, with about 73.5% of the allocation going to these organisations, as well as women-owned and youth-owned businesses. To get a foothold in this market, you should consider ensuring your business meets the government's Black Economic Empowerment (BEE) requirements, particularly focusing on black ownership, to increase your chances of securing contracts. You should start by analysing your current BEE level and identifying areas for improvement to make your business more competitive in this space.
R96K
5
3
R19K
Supplier Type Allocation
EME (< R10M)
0%
QSE (R10-50M)
0%
GE (> R50M)
0%
BEE Allocation
73.5%
23.4%
13.3%
0.2%