The AHS is a not-for-profit organisation that constitutes both individual and corporations as its members. The AHS aims to place Africa at the centre of the business strategy where processes around understanding, shaping, documenting and promoting best business practice are implemented. AHS does not disregard concerns of sustainable profitability, social responsibility and black empowerment and thus has initiated a comprehensive process to understand the African experience, African history, African Values and both African environmental and political concerns
Agent of enterprise development
Enterprise Development is a component of the South African government’s broad-based black economic empowerment (BBBEE) initiative. Enterprise Development is intended to drive the transfer of skills from large companies (the Principal) to black-run companies (the Beneficiary). In order for the companies to gain BEE points, the Enterprise Development provider is verified by a BEE Rating Agency. Raizcorp is a verified agent of enterprise development
ARIZE
The Raizcorp Division responsible for enterprise development programmes (South Africa only). In Arize, large corporate companies, known as Principals, pay Raizcorp to provide Enterprise Development services to black-owned entrepreneurial businesses (the Beneficiaries)
Arize Category Model
Raizcorp’s model of categorisation for enterprise development programmes) whereby all companies move through a series of three categories (M, E and D) based on the fulfilment of conditions
ARIZE Beneficiary
The entrepreneurs being sponsored through the Raizcorp process
BBBEE
Broad-Based Black Economic Empowerment is a policy of the SA government which encourages companies to help transform the country. BEE is about broad-based activities that are incorporated in all areas of South African workplaces. The BBBEE strives to ensure that fair and just opportunities and provided to previously disadvantaged South Africans
BBBEE compliance
On January 6 2004 Government passed into law the Broad-Based Black Economic Empowerment Act, No. 53, 2003.
The system tries to ensure that favourable Procurement and buying from businesses that are compliant takes place, since that enhances their own BEE Scorecard under the Preferential Procurement element provisions
BBBEE Compliance is expressed in terms of Eight Recognition Levels. These are:
Non Compliant Contributor (BEE Recognition Level: 0%)
Level Eight Contributor (BEE Recognition Level: 10%)
Level Seven Contributor (BEE Recognition Level: 50%)
Level Six Contributor (BEE Recognition Level: 60%)
Level Five Contributor (BEE Recognition Level: 80%)
Level Four Contributor (BEE Recognition Level: 100%)
Level Three Contributor (BEE Recognition Level: 110%)
Level Two Contributor (BEE Recognition Level: 125%)
Level One Contributor (BEE Recognition Level: 135%)
Level Four is considered fully Compliant
BBBEE points
Enterprise development makes up one element of the BBBEE scorecard which illustrates the elements that may glean points towards BBBEE Compliance.
Enterprises that have an annual turnover of more than R35 million may glean a maximum of 15 points plus 5 bonus points.
QSEs (Qualifying Small Enterprises ) that have an annual turnover of between R5 million and R35 million, may glean 20 points from this element. (QSEs can choose to comply with any 4 (four) of the 7 BEE elements)
BEE Scorecard - points to level rating table
Contribution Level
Qualification
Level 1 Contributor
≥ 100 points
Level 2 Contributor
≥ 85 points but < 100 points
Level 3 Contributor
≥ 75 points but < 85 points
Level 4 Contributor
≥ 65 points but < 75 points
Level 5 Contributor
≥ 55 points but < 65 points
Level 6 Contributor
≥ 45 points but < 55 points
Level 7 Contributor
≥ 40 points but < 45 points
Level 8 Contributor
≥ 30 points but < 40 points
Non-Compliant Contributor
< 30 points
BEE scorecard
BEE compliance is measured by means of a scorecard. The scorecard is based on various elements and your company is measured out of a maximum of 100 points. The BEE scorecard focuses on 7 main elements within the South African workplace. These 7 elements look at Ownership, Management Control, Employment Equity, Skills Development, Preferential Procurement, Enterprise Development and Socio-Economic Development and Sector specific contributions.
Best-practice entrepreneurial environment
Raizcorp’s full-service offering to entrepreneurs (see Value Stack), its stringent entrance requirements, coupled with its high-touch model of group learning and individual guiding sessions make Raizcorp a best-practice entrepreneurial environment
Codes of Good Practice
BEE Codes of Good Practice are functional in the development, evaluation and monitoring of BEE Charters, initiatives, transactions as well as other implementation mechanism. The BEE Code of Good Practice encapsulates the fundamental principles and necessary considerations in the form of precise explanations
The final BBBEE Codes of Good Practice are now operational as of the date of publication in the Government Gazette, No. 29617, on 9 February 2007.
Council for Higher Education (CHE)
The CHE is South Africa’s sovereign statutory body responsible for advising the Minister of Higher Education and Training on issues pertaining to higher education policies and the aspiration for the implementation of higher education standards and training
Da Vinci Institute
The Da Vinci Institute is a school of Management in Higher Education that specializes in the management of Technology, Innovation, People and Systems. The Da Vinci Institute is reputable for their innovative thinking of people and technology management and operates as a channel for government and principal industries. Partnering with South Africa and International parties, the Da Vinvi Institute offers a scope of management and leadership programmes that are implemented to create a new generation of managerial leaders who possess the professional competencies to lead their organization.
Department of Trade and Industry
The dti vision is to build and transform South Africa into a vibrant economy that facilitates growth encourages employment and implements equity that is constructed from the full potential of all South African Citizens. In achieving this vision, the dti has proceeded to become externally focused, customer-centric organization.
Enterprise Development
Enterprise Development is a component of the South African government’s broad-based black economic empowerment (BBBEE) initiative intended to drive the transfer of skills from large companies to black-owned SMEs
Faculty of Entrepreneurship
Raizcorp, through its partnership with the Da Vinci Institute, is accredited to provide courses towards a Level 5 Certificate in Entrepreneurship
Global Entrepreneurship Monitor (GEM) Report
GEM is the World’s largest single study of entrepreneurial activity. GEM is a not-for profit academic research association that assembles and produces high quality international data on entrepreneurial activities
Internal supply chain
A component of a company’s supply chain - a system of organizations, people, technology, activities, information and resources involved in moving a product or service within the organization.
Interpretive Guide to the Codes of Good Practice
The Interpretive Guide to the codes of good practice has been developed and implemented as an aid to interpret BEE regulations for BEE practitioners in an aim to gain clarity and understanding of the codes. This guide provides practitioners a complete and interpretive understanding of the Codes 000 to 800 as well as statements laid down by the act
Level 5 Certificate in Entrepreneurship
Post Matric qualification (“Diploma”) equivalent to NQF Level 5
Principal
A Principal is a corporate or company that partners with Raizcorp in order to fulfill their strategic need to invest in enterprise development. This allows the Principal to improve their BBBEE compliance and further their strategic objectives.
Prosperator®
A term coined by Raizcorp’s CEO, it describes Raizcorp’s model of incubation based on a long-term relationship between Raizcorp and its partner companies
Rating agencies
A rating agency is a company that can help you to calculate your BEE score as per the act.
Raizcorp methodology
See Value Stack
Unique performance measurement intranet system
MOVA (Measurement Of Value Add). MOVA is used, among other things, to record goals and submit
weekly reports, and to track performance and make decisions regarding the beneficiaries’ progress. Raizcorp therefore generates the reports which you will need to submit to your rating agency.
Value Stack
Each Raizcorp ARIZE programme uses several or all of the components of the Raizcorp Value Stack, South Africa's most comprehensive enterprise development offering .The ARIZE offering to our beneficiaries is represented by a six-tier model consisting of Infrastructure, Professional Personnel, Learning, Guiding, Sales/Networking and Raizcorp Magic!
Young Global Leaders
The World Economic Forum acknowledges and pays tribute to the 230 young professionals from a variety of disciplines and anointed as the Young Global Leaders of today. From the 230 young professional, 9 are South African ranging from creative industries, IT and communication, legal profession, real estate, environmental affairs and business disciplines.
World Economic Forum (WEF)
The WEF is an independent Swiss incorporated international and not-for-profit foundation, striving towards world-class corporate governance. The WEF trust that economic progress without social development is not sustainable, while social development without economic progress is not feasible. Thus coining the motto "entrepreneurship in the global public sector".
Raizcorp Kevin Lester Enterprise Developement Corporate: “The objective is to say to large Corporates: Get involved in developing more businesses within the economy...”
Raizcorp is also the only for-profit, unfunded incubator of its type in Africa.
The beneficiaries of Enterprise Development should be companies that are at least 51% black-owned.
Raizcorp believes that entrepreneurs hold the key to unlocking the wealth of the developing world.
Raizcorp has been active in the field of enterprise development in South Africa since 2000. Over this period Raizcorp has become, arguably, the leading provider of enterprise development services in South Africa.
"Self awareness and developed more - a positive outlook about myself." -Intsha Consultancy
