Electrical equipment and components and supplies

The market for electrical equipment and components in the Western Cape is worth about R1.7 million, which is a decent size. However, it's not growing at the moment, with zero year-on-year growth, so you'll need to be competitive to get a foothold. With 76 suppliers already in the mix, it's a fairly crowded space, but there is a silver lining - the government is prioritising businesses with a strong black economic empowerment profile, with about 62% of the spend going to black-owned businesses. To succeed in this market, you'll need to ensure your business has a good Broad-Based Black Economic Empowerment level, so it's worth reviewing and potentially improving your B-BBEE certification to increase your chances of securing government contracts. Consider getting your B-BBEE level verified as soon as possible to take advantage of the government's procurement preferences.