The market for hand tools in KwaZulu Natal is worth about R1.3 million, which is a decent size. However, it's not growing, with zero year-on-year growth, so you'll need to compete for existing business. It's also a relatively small pool of suppliers, with only 5 companies currently providing hand tools to the 4 departments in the province. Notably, over half of the allocation goes to black-owned businesses, so having a strong black economic empowerment programme in place could be a major favour. If I were you, I'd focus on building relationships with the key departments, such as the Department of Public Works, to get a foothold in this market.
R1M
5
4
R258K
Supplier Type Allocation
EME (< R10M)
0%
QSE (R10-50M)
0%
GE (> R50M)
0%
BEE Allocation
52.4%
24.7%
18.4%
0.3%