Signage and accessories

Your business is considering the signage and accessories market in Gauteng, which is worth about R1.8 million. This market is relatively stable, with no year-over-year growth, and is served by a small group of 16 suppliers, indicating it's not overly crowded. It's also worth noting that the government prioritises procurement from black-owned businesses, with about 77% of the spend going to these organisations, as well as women-owned and youth-owned businesses, which receive about 50% and 31% of the spend respectively. To succeed in this market, you'll need to ensure your B-BBEE level is competitive, particularly if you're a black-owned, women-owned, or youth-owned business. Now would be a good time to review and potentially improve your B-BBEE certification to increase your chances of securing government contracts in this space.