Consumer electronics

The consumer electronics market in the Free State province is worth about R755,000, and it's currently not growing or shrinking, with zero year-over-year growth. This market is relatively small and not very crowded, with only 4 suppliers and 3 departments involved. It's also worth noting that the government is prioritising businesses with certain ownership structures, with about 73.5% of the allocation going to black-owned businesses, 23.36% to women-owned businesses, and 13.3% to youth-owned businesses. To succeed in this market, you'll need to understand and comply with the government's B-BBEE requirements, so make sure you have a clear understanding of your B-BBEE level and how it can help you compete. Consider getting your organisation's B-BBEE certification in order to take advantage of the favourable allocation towards black, women, and youth-owned businesses in this market.