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Tools and General Machinery

Free State · FY 2023/24

The market for tools and general machinery in the Free State province is worth about R38 million, which is a decent size. However, it's not growing, with zero year-on-year growth, so you'll need to compete for a share of the existing market. It's also a relatively uncrowded space, with only one supplier currently operating in this area, which could be a favourable opportunity for your business. The Department of... is the sole department procuring these goods, and they have a strong preference for businesses with a high black ownership percentage, at around 65%. If I were you, I'd focus on ensuring your B-BBEE level is optimised to take advantage of this preference and get a foothold in this market.

Market Size

R38M

Suppliers

1

Departments

1

Avg Transaction

R38M

Supplier Type Allocation

EME (< R10M)

0%

QSE (R10-50M)

0%

GE (> R50M)

0%

BEE Allocation

Black Owned

64.8%

Women Owned

28.9%

Youth Owned

5.1%

Disabled Owned

0.1%

Spending Trend

2018/19
R154K
2021/22
R54K
2022/23
R16K
2023/24
R38M
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