Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Amended Codes of Good Practice (2017)Amended Code Series CSC500: Measurement of the Preferential Procurement and Supplier Development Element of Broad-Based Black Economic Empowerment in the Construction SectorStatement CSC500: The General Principles for Measuring the Socio-Economic Development ElementAnnexe CSC500 (A) : 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 socioe-conomic development, sector specific initiatives or Qualifying Socio-Economic 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 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 Contributions |
Verifiable Cost (including both monetary and non-monetary) |
80% |
Guarantees provided on behalf of a beneficiary |
Guarantee Amount |
3% |
Contributions made in the form of human resource capacity |
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Professional services rendered at no cost supporting socio-economic development, sector specific initiatives or Qualifying Socio-Economic Contributions |
Commercial hourly rate of professional as per Department of Public Works |
80% |
Professional services rendered at a discount supporting socio-economic development, sector specific initiatives or Qualifying Socio-Economic Contributions |
Value of discount based on commercial hourly rate professional as per Department of Public Works |
80% |
Time of employees of Measured Entity productively deployed in assisting beneficiaries and supporting socio-economic development, sector specific initiatives or Qualifying Socio-Economic Contributions |
Monthly salary divided by 160 |
80% |