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Insights/Utilities/KWAZULU NATAL

Utilities

KWAZULU NATAL · FY 2023/24

You're looking at a market in KwaZulu Natal that's focused on Utilities, with a total spend of about R1.7 million. This market is quite small and not growing, with zero year-over-year growth, which might make it a challenging space to enter. It's also extremely crowded, with only one supplier currently serving the needs of a single department, which is a pretty high barrier to entry. The good news is that there's a strong favour towards black-owned businesses, with about 98% of the allocation going to them, so if your organisation fits that criteria, you might have a better chance of getting a foothold. If I were you, I'd focus on building relationships with the single department that's driving this spend, to see if there's any opportunity to get in on the action.

Market Size

R2M

Suppliers

1

Departments

1

Avg Transaction

R2M

Supplier Type Allocation

EME (< R10M)

0%

QSE (R10-50M)

0%

GE (> R50M)

0%

BEE Allocation

Black Owned

97.7%

Women Owned

2.4%

Youth Owned

2.7%

Disabled Owned

0.0%

Spending Trend

2018/19
R18M
2020/21
R250K
2021/22
R3M
2022/23
R159K
2023/24
R2M
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