Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)Industry ChartersFinancial Services CharterCode Series FS700: Measurement of the Socio-Economic Development Element of Broad-Based Black Economic EmpowermentAnnexure 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% |