ARIZE > PRINCIPAL > How the Principal contract works
   


How the Principal contract works

  

Each company that contracts with Raizcorp, for the purpose of investing in enterprise development, becomes a Raizcorp Principal.

Also see:

Our “Find and Filter” approach What do our Beneficiaries get?

Raizcorp Principals are those companies that partner with us to drive the growth of enterprise development, while they further their strategic objectives.

At the other end of the process are the small business owners who enter the ARIZE programme and benefit from its support. They also enter into a contract with Raizcorp and they become ARIZE beneficiaries.

What the Principal pays for

In essence, Principals sponsor bursaries for black-owned SMEs to participate in one of the Raizcorp ARIZE programmes. 100% of this spend is allocated to the enterprise development component of the BEE scorecardThe BEE scorecard focuses on 6 main elements within the South African workplace.
Click to read more.. Principals may award the bursaries to candidates (beneficiaries) of their own choice, subject to Raizcorp's selection process, or Raizcorp may recommend beneficiaries from its own pool of successful applicants.

Strategic Options for Principals

Raizcorp offers a flexible range of outputs that can meet the needs of the BBBEE strategiesBest-practice entrepreneurial environment: Raizcorp’s full-service offering to entrepreneurs.
Click to read more. of Principal companies.

General SME Support
A non sector-specific option involving general investment into the SME sector.

Potential Suppliers
A sector-targeted investment in companies that have the potential to become suppliers.

Current Suppliers
A far more delicate process whereby a Principal supports companies within its present supplier base.

Potential Partners
An investment in potential future partners for the Principal’s business.

Channel (brokers, customers, etc.)
An investment in the Principal’s to-market channel, thereby increasing the probability of success and growth in sales revenue.

Staff Retention
Family members of the Principal’s employees receive support for developing their businesses.

  
 

Raizcorp Kevin Lester Enterprise Developement Raizcorp The Right Way

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.

To make matters worse, approximately 45% of South Africa's entrepreneurs are ‘necessity entrepreneurs’, i.e. they would take the first available job if it came along.

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 is also the only for-profit, unfunded incubator of its type in Africa.
 
 

"At Raizcorp you get the 'know-how' on how to grow your business. Raizcorp doesn't only concentrate on the business - it concentrates on Personal Development too. Things are interlinked - you can't run a successful business if your personal life is in a mess - there needs to be a balance. Raizcorp has given me that balance!" - Rose Sibisi, Vuros Interiors