The market for hand tools in the Free State province is worth about R1.4 million, which is a decent size. However, it's not growing, with zero year-on-year growth, so you'll need to compete for a share of the existing market. It's relatively uncrowded, with only 9 suppliers currently operating in this space, and only 2 departments to deal with. Your B-BBEE level will be important here, as over 52% of the allocation goes to black-owned businesses, so it's worth ensuring your organisation is well-positioned in this regard. If I were you, I'd focus on building relationships with the 2 key departments in the Free State province to get a foothold in this market.
R1M
9
2
R108K
Supplier Type Allocation
EME (< R10M)
0%
QSE (R10-50M)
0%
GE (> R50M)
0%
BEE Allocation
52.4%
24.7%
18.4%
0.3%