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.
R38M
1
1
R38M
Supplier Type Allocation
EME (< R10M)
0%
QSE (R10-50M)
0%
GE (> R50M)
0%
BEE Allocation
64.8%
28.9%
5.1%
0.1%