ADVANCE CORPORATE ADVISORS has been in existence since 2006, and is South Africa’s leading independent Economic Development and Black Economic Empowerment (BEE) advisory firm offering social responsibility, transformation and economic empowerment consulting and solutions.
Advance Corporate Advisors is determined to make a difference by building South Africa into a consistently better nation through doing what it knows best – developing and building sustainable social developmental solutions for large corporates and multinationals. This ethos underpins our value system, our thinking and our obsession.
Advance Corporate Advisors offers bespoke solutions to companies, which are already, or wish to become, economically active in South Africa, advising on all aspects of economic empowerment, black economic empowerment (“BEE”) and public procurement as they relate to the social developmental imperative.
Advance Corporate Advisors focuses on long-term strategic interventions for large listed entities, State-Owned Entities (“SOEs”) and multinationals. We have assisted many measured entities with the development and implementation of transformation and enterprise development strategies, which have evolved beyond the limits of BEE compliance. We also consult to entities, which are legally obliged to implement and manage certain compliance targets.
Advance Corporate Advisors has extensive experience in advising multinationals and large South African Businesses on meeting BEE and local economic development targets in South Africa, through assisting in the design and implementation of sustainable strategic BEE interventions. Advance Corporate Advisors has been in the forefront of building and implementing Economic Development commitments, as well as advising on the strategy around them, since the advent of the IPP renewable energy programme.
Coupled with the 20 years of tender preparation experience and the expertise of Lisa Tait, the founder of both Transcend and Advance Corporate Advisors, the firm has worked in some manner on almost all of the large infrastructure projects of the South African government in the past 2 decades.
We specialise in the provision of black ownership advisory services. Our preferred model is to act as a part of a transaction advisory team, working closely with the financial and structuring team, as well as tax subject matter experts, in order to deliver an optimal and transformative ownership solution to any business operating in the South African regulatory environment.
Advance Corporate Advisors have one of the largest tender advisory practices in South Africa, and act for bidders in the building and implementing of successful mega-projects for government, as well as for the South African government itself in the building of economic development and social developmental compliance RFPs and solutions. We specialise in the development of Balanced Scorecards for PPPs, facilitating BEE compliance on each project. We have extensive experience and expertise in the IPP renewable energy tender and implementation advisory field, as well as the new IPP Baseload coal area. We also part of the successful SMEC Consortium, advising the Gauteng Provincial Government as well as the Gautrain Management Agency on Economic Development for the possible Gautrain Extension project.
We have advised a number of government departments, including Department of Public Enterprises and Transnet on tender provisions for the disposal of property, the Department of Trade and Industry, the Pebble Bed Modular Reactor Company, the Gautrain Management Agency on the extension of the Gautrain network, and Transnet on its Supplier Development programme. We recently advised the Gibela Consortium, the winner of the largest single tender awarded in South Africa to date, namely the PRASA Rolling Stock Renewal Project, on building its economic development obligations.
The field of transformation has widened extensively in the past few years, due to the promulgation of the regulations to the Preferential Procurement Policy Framework Act (PPPFA), as well as the adoption of the National Development Plan, which has provided strategic long-term focus to shape the economy.
The building of a sustainable Local Content model on the PRASA Project, as well as PPPs and renewable energy projects, has allowed Advance Corporate Advisors to build capacity in understanding key government imperatives espoused in The National Development Plan, such as job creation, local content, Reindustrialisation and the importance of these aspects in any successful transformation strategy.
Advance Corporate Advisors’ specialist consultants focus on aiding clients to develop and communicate a strategic, value-based view of social responsibility and socio-economic empowerment.
Advance Corporate Advisors began as the Due Diligence and Public Procurement business unit within Transcend Corporate Advisers. As a standalone business, it is managed by Lisa Tait (the founder of Transcend) and Lara Lombard. The business has been operating since 2006 and Lisa’s individual experience spans 21 years, having specialised in the field as early as 1995.