ARIZE > PRINCIPAL > The Principle's line of sight
   


The Principle's line of sight

  

Your line of sight

 

Reporting

The Principal receives a comprehensive quarterly report on the activities of its beneficiaries. At any point, the Principal and/or a selected rating agency may audit the beneficiaries to verify their participation in the various Raizcorp programmes. To this end, a list of beneficiaries and their contact details are always made available to the Principal.

Our reporting is supported by Raizcorp's unique performance measurement intranet systemMOVA (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.
Click to Read More, called 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.

When do you score your BBBEE points?

Once a contract between Raizcorp and the Principal has been concluded, and Raizcorp has received proof of payment from the Principal, these details are submitted to the selected rating agency. The agency determines the BBBEE points to be allocated to the Principal, based on the enterprise development spend. The points may be derived immediately at this point.

Getting Started

Step 1..    The Principal decides how much budget they wish to allocate to Enterprise Development.

Step 2..    The Principal decides (with the assistance of Raizcorp, if required) which of the products (or variations thereof) are most suitable for their particular needs.

Step 3..    A meeting is held between Raizcorp and the Principal to outline a plan on how the Enterprise Development budget will be spent over the allocated period.

Step 4..    The Principal and Raizcorp enter into a legal agreement outlining the required outcomes of Step 3. Payments are made to Raizcorp. At this point, the Principal may allocate the amount paid over to Raizcorp as Enterprise Development-spend and receive the commensurate points.

Step 5..    Raizcorp begins the Find and Filter process. Potential beneficiaries are short-listed and presented to the Principal. If infrastructure is one of the outcomes of Step 3 (such as for a branded prosperator), then construction begins concurrently with Find and Filter.

Step 6..    The Principal makes a decision on selecting the beneficiary candidates (often, Raizcorp is asked to do this).

Step 7..    Raizcorp enters into a legal agreement with the beneficiaries, stating what benefits they will receive and what their responsibilities are. The beneficiary is also made aware of who the Principal is, and that they might be required to meet on occasion.

Step 8..    The interventions begin and last for a minimum period, based on which programme is embarked upon, and the Principal will receive reports on the progress of their beneficiaries.

  
 

Raizcorp Robin Woolley A model that works

Raizcorp’s selection process is made up of eight stages. Some of these stages have a built-in self-selection process to determine the commitment of the beneficiaries. The process begins with an online expression of interest which leads to a first interview with a Raizcorp entrepreneurial scout

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.

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

Raizcorp created the term Prosperator® focusing on creating prosperous entrepreneurs and growing profitable businesses. Raizcorp is renowned for its high-touch, high-impact environment that has produced some spectacular results and has earned it a host of international accolades and awards.

Raizcorp is accredited by the South African Council for Higher Education (CHE), in association with the Da Vinci Institute, as a Faculty of Entrepreneurship, allowing for selected learning modules to attract credits towards a National Certificate (Level 5).

Raizcorp (Pty) Ltd was founded in 2002 by CEO Allon Raiz. The company's pioneering contribution to entrepreneurship over a few short years has had such a strong impact that, in 2008, the World Economic Forum (WEF) elected Allon to its Forum of Young Global Leaders.

Raizcorp is the only incubator model in South Africa accredited with the Council for Higher Education to offer a Level 5 Certificate in Entrepreneurship. It has been recognised as a Champion of Entrepreneurs in Africa (Winner - African Heritage Society 2007), supports in excess of 200 businesses and has experience in both urban and rural entrepreneurial environments.

Our aim is to build an ecosystem for enterprise development that provides the best possible support to those individuals who have strong entrepreneurial potential, thereby greatly increasing the likelihood of their success.

 
 

"Raizcorp was a vital support structure for me over the past year. There were so many ups and downs and coming to Raizcorp helped me to hold onto hope during the tough times." - Cheryl Ramurath, Purple Brain