Lamps and lightbulbs and lamp components
The market for lamps and lightbulbs in KwaZulu Natal is relatively small, with a total spend of about R307,000. This market is not growing, as it has shown zero year-over-year growth, which might indicate a challenging environment for new entrants. You'll be competing with only a handful of suppliers, specifically three, which could be a favourable situation if you can offer something unique. The Department of Trade and Industry's Broad-Based Black Economic Empowerment programme is also relevant here, with about 75% of the allocation going to black-owned businesses, so having a strong black ownership component could be beneficial. If I were you, I'd focus on building a strong black ownership structure and exploring how to partner with or supply to the two departments that are already active in this space.
R308K
3
2
R103K
Supplier Type Allocation
EME (< R10M)
0%
QSE (R10-50M)
0%
GE (> R50M)
0%
BEE Allocation
75.2%
30.1%
34.8%
0.1%