Broad Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

Codes of Good Practice on Black Economic Empowerment

Code Series 700 : Measurement of Socio-Economic Development Elements of Broad-Based Black Economic Empowerment

Statement 700 : The General Principles for Measuring the Socio-Economic Development Element

5. The Benefit Factor Matrix
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The Minister may from time to time, by notice in the Gazette, revise or substitute the Benefit Factor Matrix. Any changes will only be applicable to Compliance Reports prepared for a Measured Entity in respect of the first 12-month period following the gazetting of a revision or substitution.