Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Amended Codes of Good Practice (2013)Amended Code Series 400: Measurement of the Enterprise and Supplier Development Element of Broad-Based Black Economic EmpowermentStatement 400: The General Principles for Measuring Enterprise and Supplier DevelopmentAnnexuresAnnexe 400(B) |
Annexe 400B - Enterprise Development and Supplier Development Benefit Factor Matrix
Qualifying Contribution type |
Contribution Amount |
Benefit Factor |
Grant and Related Contributions |
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Grant Contribution |
Full Grant Amount |
100% |
Direct Cost incurred in supporting Enterprise Development and Supplier Development |
Verifiable Cost (including both monetary and non-monetary) |
100% |
Discounts in addition to normal business practices supporting Enterprise Development and Supplier Development |
Discount Amount (in addition to normal business discount) |
100% |
Overhead Costs incurred in supporting Enterprise Development and Supplier Development (including people appointed in Enterprise Development and Supplier Development) |
Verifiable Costs (including both monetary and non-monetary) |
70% |
Loans and Related Contributions |
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Interest-Free Loan with no security requirements supporting Enterprise Development and Supplier Development |
Outstanding Loan Amount |
70% |
Standard Loan to Enterprise Development and Supplier Development Beneficiaries |
Outstanding Loan Amount |
50% |
Guarantees provided on behalf of a Beneficiary entity |
Guarantee Amount |
3% |
Lower Interest Rate |
Outstanding loan amount |
Prime Rate—Actual Rate |
Equity Investments and Related Contributions |
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Minority Investment in Enterprise Development and Supplier Development Beneficiaries |
Investment Amount |
70% |
Enterprise Development and Supplier Development Investment with lower dividend to financier |
Investment Amount |
Dividend Rate of Ordinary Shareholders - Actual Dividend Rate of Contributor |
Contributions made in the form of human resource capacity |
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Professional services rendered at no cost and supporting Enterprise Development and Supplier Development |
Commercial hourly rate of professional |
60% |
Professional services rendered at a discount and supporting Enterprise Development and Supplier Development |
Value of discount based on commercial hourly rate of professional |
60% |
Time of employees of Measured Entity productively deployed in assisting beneficiaries |
Monthly salary divided by 160 |
60% |
Other Contributions |
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Shorter payment periods for 2.2 of this statement (Supplier Development) |
Percentage of invoiced amount multiplied by 15% (being an approximation of the cost of short term funding) |
Percentage being 15 days less the number of days from invoice to payment Maximum points that can be scored is 15% of 10 points |
A: Qualifying Contributions are measurable on the following basis:
Where
A is the score achieved in respect of the Qualifying Contributions made by the Measured Entity
B is the annual value of all Qualifying Contributions made by the Measured Entity measured from the commencement of this statement or the Inception Date to the date of measurement
C is compliance target in respect of the Qualifying Contributions as specified in the scorecard for statement 400
D is the Weighting points allocated to the criteria under the scorecard for statement 400. |