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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 Sector

Statement CSC500: The General Principles for Measuring the Socio-Economic Development Element

Annexe CSC500 (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 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

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%