Luggage and handbags and packs and cases
The market for luggage and handbags in the Free State province is relatively small, with a total spend of about R1.7 million. Unfortunately, it's not growing, with zero year-on-year growth, which might make it a challenging space to enter. It's also a very crowded market, with only one supplier currently serving the needs of one department, which means there's not a lot of room for new players. The Department of this province does favour smaller companies owned by black, women, and youth owners, with about 59% of the allocation going to black-owned businesses, 44% to women-owned, and 29% to youth-owned. If I were you, I'd focus on building a strong B-BBEE level, specifically targeting black ownership, to increase your chances of getting a foothold in this market.
R2K
1
1
R2K
Supplier Type Allocation
EME (< R10M)
0%
QSE (R10-50M)
0%
GE (> R50M)
0%
BEE Allocation
58.9%
44.2%
28.9%
0.0%