Definition of Benefit Factor

Definition in terms of the B-BBEE Codes of Good Practice of 11th October 2013 (BEE Codes 2013)

Benefit Factor

Means a factor specified in the Benefit Factor Matrix applicable to fixing the monetary value Enterprise Development and Supplier Development and Socio Economic Development Contributions claimable under statement 400 and 500;

BizAdvance Consulting comments and references:

The Matrix, Annexe 400 B  page 79  for Enterprise Development and Annexe 500 A page 87 for Socio-Economic Development.

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