How To Tender Sign-up.
While The People’s Fund is making an impact in assisting entrepreneurs in the tender market, there still remains a barrier to entry, and therefore an unexplored opportunity, for those who are yet to enter this marketplace.
For an idea of the size of this marketplace opportunity: government spends over a trillion Rand procuring goods and services from South African businesses. Of this trillion, over R300 billion has been set aside for procuring from small, emerging businesses with a Level 1 BEE score. Of this R300 million commitment, less than 30% of the budget is being utilized. This means, for a country with a 46% youth unemployment rate, a large economic opportunity exists but isn’t currently being exploited to the degree it could.