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

Industry Charters

Financial Services  Charter

Code Series FS700: Measurement of the Socio-Economic Development Element of Broad-Based Black Economic Empowerment

Annexure 700(A): Benefit Factor Matrix

 

Qualifying Contribution Type

Contribution Amount

Benefit Factor

Grant contribution

Full grant amount

100%

Direct Cost incurred in supporting approved projects or Enterprise Development

Verifiable cost (including both monetary and non-monetary)

100%

Discounts in addition to normal business practices supporting Enterprise Development

Discount amount (in addition to normal business discount)

100%

Overhead costs incurred in supporting Enterprise Development (including people appointed in Enterprise Development units)

Verifiable costs (including both monetary and non-monetary)

80%

Professional services rendered at no cost and supporting approved projects or Enterprise Development

Commercial hourly rate of professional

80%

Professional services rendered at a discount and supporting approved projects or Enterprise Development

Value of discount based on commercial hourly rate of professional

80%

Time of employees of measured entity productively deployed in assisting beneficiaries

Monthly salary divided by 160

80%