Luggage and handbags and packs and cases
The market for luggage and handbags in KwaZulu Natal is relatively small, with a total spend of about R6 million. This market is not growing, as the year-over-year growth is zero, which means it's not getting any bigger. It's also a fairly exclusive market, with only 2 suppliers currently serving 2 departments, so it's quite crowded in terms of competition for new entrants. The good news is that there's a strong favour towards black-owned, women-owned, and youth-owned businesses, with over 58% of the allocation going to black-owned businesses. If I were you, I'd focus on getting your B-BBEE level in order, particularly if you're a black-owned business, to take advantage of this favourable allocation.
R6K
2
2
R3K
Supplier Type Allocation
EME (< R10M)
0%
QSE (R10-50M)
0%
GE (> R50M)
0%
BEE Allocation
58.9%
44.2%
28.9%
0.0%