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Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

Amended Codes of Good Practice (2013)

Amended Code Series 500: Measurement of the Socio-Economic Development Elements of Broad-Based Black Economic Empowerment

Statement 500: The General Principles for Measuring the Socio-Economic Development Element

Annexures

Annexe 500(A) - Benefit Factor Matrix

 

Qualifying Contribution type

Contribution

Amount

Benefit Factor

Grant and Related Contributions

Grant Contribution

Full Grant Amount

100%

Direct Cost incurred in supporting socio-economic development, sector specific initiatives or Qualifying Socio-Economic Development Contributions

Verifiable Cost (including both monetary and non-monetary)

100%

Discounts in addition to normal business practices supporting socio-economic development, sector specific initiatives or Qualifying Socio-Economic Development Contributions

Discount Amount (in addition to normal business discount)

100%

Overhead Costs incurred in supporting socio-economic development, sector specific initiatives or Qualifying Socio-Economic Development Contributions

Verifiable Costs (including both monetary and non-monetary)

80%

Contributions made in the form of human resource capacity

Professional services rendered at no cost supporting socio-economic development, sector specific initiatives or Qualifying Socio-Economic Development Contributions

Commercial hourly rate of professional

80%

Professional services rendered at a discount supporting socio-economic development, sector specific initiatives or Qualifying Socio-Economic Development Contributions

Value of discount based on commercial hourly rate of professional

80%

Time of employees of Measured Entity productively deployed in assisting beneficiaries and supporting socio-economic development, sector specific initiatives or Qualifying Socio-Economic Development Contributions

Monthly salary divided by 160

80%