You're considering the information services market in Mpumalanga, which has a total spend of about R1.7 million. This market is relatively small and not growing, with zero year-over-year growth, so it's essential to carefully evaluate the potential for your business. With only three suppliers currently operating in this space, it's not extremely crowded, which could be a favourable factor for your organisation. Your B-BBEE level will also play a role, as about 53% of the allocation goes to black-owned businesses, so it's crucial to understand how your business fits into this landscape. To get started, I'd recommend analysing the current suppliers and departments involved to identify potential opportunities and gaps in the market that your business could fill.
R2M
3
3
R349K
Supplier Type Allocation
EME (< R10M)
0%
QSE (R10-50M)
0%
GE (> R50M)
0%
BEE Allocation
53.4%
4.7%
32.8%
0.0%