Definition of Grant Contribution

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

Grant Contribution

Means the monetary value of Qualifying Contributions made by the Measured Entity to a beneficiary in the form of grants, donations, discounts and other similar quantifiable benefits which are not recoverable by the Measured Entity;

BizAdvance Consulting comments and references:

Relates to the Enterprise and Supplier Development element Statement 400 page 60 and the Socio-Economic Development element Statement 500 page 82.

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